Bitflow has launched multi-hop swaps for stSTX, which allows users to exchange stSTX with any tokens paired with STX on Stacks .
First of all, what are Bitflow Multi-hop swaps?
They let users perform trades by routing through multiple pairs in a single transaction.
For instance, users can swap from stSTX to LEO directly while, in the background, the actual trading route is stSTX<>STX on Bitflow to STX<>WELSH on Velar.
Multi-Hop Swaps Guide 1️⃣ Head to Bitflow , click “Connect Wallet,” & select a wallet holding stSTX
2️⃣ Select stSTX and any other token or memecoin as assets to swap
3️⃣ Select the amount to trade (e.g. 3 stSTX for X amount of Welsh tokens)
4️⃣ Click on Swap & confirm the transaction
The process is straightforward as it’s basically a swap like anyone else.
Conclusion StSTX is becoming the go-to asset for Stacks DeFi.
This is becoming even more true now that any token paired with STX can be swapped for stSTX.
Upcoming tokens listed on Velar & Bitflow will benefit from $100M+ in stSTX liquidity as a token pair.
Mint stSTX today and earn a % yield on your STX: https://app.stackingdao.com/
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