Stacking DAO bi-weekly update: The largest DeFi app on any Bitcoin L2

Stacking DAO bi-weekly updates is the perfect format for the community to deep dive into the latest news and milestones. Stacking DAO became the largest DeFi protocol on Stacks and across any Bitcoin L2 . It’s a remarkable achievement, considering it was launched just a few months ago and now is a pillar protocol for Stacks DeFi. Various leaders and builders in the space have shared their support on social media for such accomplishment, from Adrian Lai (Newman Capital Founder) and Jonathan Sadlowe (Gossamer Capital Founder) to Andre Serrano (Stacks Product Lead) and Mithil Thakore (Velar AMM Founder). But this wasn’t the only big milestone of the last two weeks. Stacking DAO on Twitter: "With a $90M+ TVL, Stacking DAO is now the largest DeFi app on @Stacks and across any Bitcoin L2.Though only a few months old, the protocol has become a cornerstone of the Stacks ecosystem. pic.twitter.com/fF3g4xZNk0 / Twitter" With a $90M+ TVL, Stacking DAO is now the largest DeFi app on @Stacks and across any Bitcoin L2.Though only a few months old, the protocol has become a cornerstone of the Stacks ecosystem. pic.twitter.com/fF3g4xZNk0 Stacking DAO reached a $100M TVL, showcasing how the community embraces stSTX to accumulate STX rewards and interact with DeFi apps. Furthermore, more and more users are interacting with the protocol, pushing Stacking DAO total users to 26,500+. It’s 400 people onboarded in less then 2 weeks. Stacking DAO on Twitter: "An incredible milestone achieved 🚀Stacking DAO TVL soars past $100 Million! Looks like the Stacks community keeps embracing liquid stacking. pic.twitter.com/ATKF9Jz2JJ / Twitter" An incredible milestone achieved 🚀Stacking DAO TVL soars past $100 Million! Looks like the Stacks community keeps embracing liquid stacking. pic.twitter.com/ATKF9Jz2JJ What is happening in Stacks DeFi related to Stacking DAO? One thing is sure: stSTX is reinforcing its position as the go-to asset for DeFi on Stacks. Arkadiko 2.0 went live, launching vaults enabling to borrow USDA stablecoins against stSTX, opening up for new yield farming opportunities. Arkadiko Protocol 🟧 on Twitter: "A match made in heaven 🤝 https://t.co/6Epjsh9dTp / Twitter" A match made in heaven 🤝 https://t.co/6Epjsh9dTp Velar AMM launched the stSTX and aeUSDC trading pair , offering a new venue for the Stacks community to swap and deposit their stSTX liquidity. Velar on Twitter: "🟧 New Pair Alert! 🚀Introducing the stSTX aeUSDC trading pair, now live on Velar's Dharma AMM. Your next trading opportunity awaits!Plus, explore @StackingDao Liquid Stacking on @Stacks and earn up to 7% APY on STX with instant liquidity. 📈#VelarAMMLaunch #VelarDharma pic.twitter.com/XbO5pVJLYW / Twitter" 🟧 New Pair Alert! 🚀Introducing the stSTX aeUSDC trading pair, now live on Velar's Dharma AMM. Your next trading opportunity awaits!Plus, explore @StackingDao Liquid Stacking on @Stacks and earn up to 7% APY on STX with instant liquidity. 📈#VelarAMMLaunch #VelarDharma pic.twitter.com/XbO5pVJLYW Hermetica teased about some exciting use cases around stSTX. They can’t say much for now, but it’s definitely worth monitoring what they are cooking for the Stacking DAO community. Hermetica | Bitcoin DeFi on Twitter: "@HermeticaFi 🤝 @StackingDaoYou won't want to miss what we have cooking...We still can't say much - but we can say we have some exciting uses for stSTX 🤔 pic.twitter.com/Sn2WF4DDPu / Twitter" @HermeticaFi 🤝 @StackingDaoYou won't want to miss what we have cooking...We still can't say much - but we can say we have some exciting uses for stSTX 🤔 pic.twitter.com/Sn2WF4DDPu Instead, if you are curious about how to use stSTX on Zest to borrow USDC against it and unlock new DeFi strategies, a short guide has been published to help the community. Stacking DAO on Twitter: "Want to learn how to use your stSTX on @ZestProtocol for borrowing?Follow the guide to learn how to use stSTX liquidity on Zest and unlock new DeFi strategies. 🧵 ⬇️ / Twitter" Want to learn how to use your stSTX on @ZestProtocol for borrowing?Follow the guide to learn how to use stSTX liquidity on Zest and unlock new DeFi strategies. 🧵 ⬇️ What are the other Stacking DAO ongoing initiatives and news? A Point Boost campaign is being launched to celebrate the $100M TVL and thank the community that helped Stacking DAO reach this milestone. A 5x one-time point bonus will be awarded to addresses whose balance at the end of the next cycle is the same or higher than the snapshot balance. The bonus is calculated on the stSTX amount at the snapshot. The snapshot was taken on Thursday, and if your stSTX tokens are on DeFi, you will still be eligible for the bonus if you meet the criteria defined above. Stacking DAO on Twitter: "To celebrate $100M TVL, a Point Boost campaign is being launched to thank the Stacking DAO community. Time to get a 5x one-time points boost! Just maintain or increase your stSTX balance between the current snapshot and the next cycle's start.Keep climbing the leaderboard. pic.twitter.com/sXMGFXtO7c / Twitter" To celebrate $100M TVL, a Point Boost campaign is being launched to thank the Stacking DAO community. Time to get a 5x one-time points boost! Just maintain or increase your stSTX balance between the current snapshot and the next cycle's start.Keep climbing the leaderboard. pic.twitter.com/sXMGFXtO7c An Ambassador Program is live and applications are open for the Web3 community. The program members will be tasked to spread awareness about the Stacking DAO impact on Stacks and its DeFi ecosystem. The selected Ambassador will be announced shortly. Stacking DAO on Twitter: "The Stacking DAO Ambassador Program is now live!🌟Spread the word about Stacks & DeFi growth through Liquid Stacking.🌐Moreover, compensation awaits the selected Web3 content creators.Apply now here:https://t.co/OrYcgd5fgl pic.twitter.com/9X0Y7GaN7M / Twitter" The Stacking DAO Ambassador Program is now live!🌟Spread the word about Stacks & DeFi growth through Liquid Stacking.🌐Moreover, compensation awaits the selected Web3 content creators.Apply now here:https://t.co/OrYcgd5fgl pic.twitter.com/9X0Y7GaN7M Moreover, Hiro, who is creating tools for Bitcoin and Stacks developers, has released an article on Stacking DAO explaining what it is and how it works, featuring the protocol Withdraw function code. Hiro on Twitter: "In less than 3 months, @StackingDao has grown to $75M+ in TVL 🤯.In a new guest post on our blog, contributors to Stacking DAO talk about the inspiration behind the project and how they built it. They cover a lot of ground in this post, including:- 🍿Why are liquid staking... / Twitter" In less than 3 months, @StackingDao has grown to $75M+ in TVL 🤯.In a new guest post on our blog, contributors to Stacking DAO talk about the inspiration behind the project and how they built it. They cover a lot of ground in this post, including:- 🍿Why are liquid staking... Finally, Stacking DAO has processed another 19778~ STX in Stacking rewards: STX Transaction - 0x94089...79e43 Mint stSTX today and earn a 7% yield on your STX: https://app.stackingdao.com/ Follow us on Twitter to always be up to date on Stacking DAO: https://twitter.com/StackingDao For any questions or support, join our Discord community: https://discord.gg/KEQfXJnJYj