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

Stacking through Stacking DAO is becoming increasingly more appealing, with the yield rising to 9.75% APY based on data from the last two cycles.

Regarding growth metrics, both STX deposits in the protocol and the total number of users are steadily increasing, showcasing the continuous adoption of Stacking DAO.

In Stacks DeFi, stSTX remains the go-to asset, as shown by the on-chain data. stSTX represent:

• 92% of Zest Protocol TVL
• 73% of Arkadiko Finance TVL
• 39% of Bitflow TVL

Partnership Updates

Stacking DAO partnered with Wintermute, the leading trading firm focused on creating liquidity and efficient markets for digital assets.

By working with Wintermute, stSTX liquidity is further unlocked, by allowing large holders to acquire stSTX through OTC deals with low slippage.

Stacking DAO also integrated Asigna multisig solution to enhance the protocol security and push forward new security best practices within the Stacks ecosystem.

Stacking DAO also completed a new audit for the V2 with CoinFabrik. Stacking DAO is strongly committed to continually strengthening the protocol and maintaining a high level of security.

Other initiatives and news related to Stacking DAO

Stacking DAO is the main sponsor of the Bitcoin Builders Conference in Nashville from July 24–26. It will be the perfect opportunity to meet the whole Bitcoin ecosystem.

Stacking DAO team members will also attend ETHcc in Brussels next week.If you will be there, make sure to send a DM to Tycho.

Stacking DAO hosted the Stacks DeFi show featuring Sovryn and Layer Bank, two prominent DeFi teams building on Bitcoin. Keep tuning in as more major players in the Bitcoin ecosystem will be joining.

Zealy quests are ongoing! Complete the quest to become eligible for daily USDC raffles and monthly rewards for the top 10 in the leaderboard.

The special code for the following quest on Zealy is: Liquidity

Finally, Stacking DAO has processed another ~218,660.00 STX in Stacking rewards.

Stacking DAO Details:

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

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