Stacking DAO Cycle Update: stSTXbtc and Native Stacking On The Rise

Stacking DAO Cycle updates is the perfect format for the community to explore the latest news and milestones.

Despite the negative sentiment in crypto markets, Stacking DAO continues to gain strength, with a net cycle inflow of over 9 million STX (around $8 million).

Additionally, its new products are growing rapidly, with the Native Stacking pool surpassing 700,000 STX and over 11 million stSTXbtc minted.

DeFi Updates Related to Stacking DAO

Zest has increased the deposit caps for stSTXbtc, allowing more liquidity to be used as collateral in the lending market. Currently, 8% of the available stSTXbtc supply is deposited on Zest, highlighting strong demand for using liquid STX as collateral while earning sBTC rewards

Using stSTXbtc as collateral adds new utility for DeFi users. For example, they can use the up to 10% APY in sBTC rewards to offset borrowing costs or deposit their sBTC stacking rewards on Zest to earn additional yield.

Other initiatives and news related to Stacking DAO

Zero Authority DAO held a Stacking DAO-related meme competition with many great submissions. Bounties on Zero Authority DAO are a great way to engage with the Stacks community.

For those interested in Stacking DAO's on-chain growth and milestones, this thread offers great insights.

Algorithm, a Stacks OG and top content creator, shares his thoughts on what makes Stacking DAO’s native option so compelling.

Finally, Stacking DAO has processed another ~171,010.00 ST STX (for stSTX) and ~0.1 BTC (for stSTXbtc) in Stacking rewards.

1)stSTX reward transaction

2)stSTXbtc reward transaction

3)stSTXbtc reward transaction

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Stacking DAO Details:

Mint stSTX & stSTXbtc today and earn up to 10% yield on your STX: https://app.stackingdao.com/

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