Stacking DAO Bi-Weekly Update: Trade stSTX with any token on Stacks

StackingDAO

June 21, 2024
Stacking DAO bi-weekly updates is the perfect format for the community to explore the latest news and milestones. First, let’s welcome Leeor Shimron as the new head of growth for Stacking DAO. A former Kraken and dRPC BD, he will drive Stacking DAO to its next growth milestone. https://medium.com/media/3ecc23daf6d27581e318340c9b8b83a4/href With 55M+ STX locked in the protocol earning Stacking rewards , Stacking DAO keeps attracting STX liquidity. There is yet to be a cycle that resulted in net outflows. Stacking DAO is also getting closer to becoming the most used app on Stacks , showcasing its importance in onboarding users in the DeFi. https://medium.com/media/446dabc58876400f18c3bf2b35a3643c/href Moreover, Stacking DAO users are currently enjoying a 9.1% APY on their STX . If you are looking for high yields on Stacks, you know where to look. https://medium.com/media/76c43bb817f0d7f69855fd5e726691c3/href DeFi Updates Related to Stacking DAO Bitflow has launched MultiHop swaps, enabling users to swap stSTX on Bitflow for any Stacks token paired with STX . Basically, trades are routed through multiple pairs in a single transaction. For instance, users can swap $stSTX -> $LEO directly, while in the background, the route stSTX<>STX on Bitflow to STX<>WELSH on Velar occurs. https://medium.com/media/0708839e1c39883fc7bbfcaf80d9d7a4/href stSTX is becoming the go-to asset for Stacks DeFi . Now that it can be used to swap with any token on Stacks, stSTX will establish itself even further. If you are looking for a guide on how to earn yield or borrow stSTX on Zest , make sure to read this guide : https://medium.com/media/b337ef690c0f9f4d48ae339d2b423833/href Other initiatives and news related to Stacking DAO Muneeb himself talked about Stacking DAO during his interview with Grayscale. Is there a better seal of approval than Stacks founder praising the protocol growth? https://medium.com/media/060066e7d2425d82e7c2f2c648fafa40/href Dynamo DeFi, the leading Web3 educator, highlighted Stacking DAO in his Stacks DeFi and airdrop strategies guide. https://medium.com/media/cb90d0943656f7e8f0e70bf538c8811d/href Stacking DAO was also featured in the latest NuggetsNews best Bitcoin DeFi protocols series. Already 1k people viewed the interview in less than a day: https://medium.com/media/eaa417e1cf5da7f6aed43afdb8cd6111/href Stacking DAO also published a thread on how users can counter STX inflation by earning yield on STX and chasing airdrops/rewards. https://medium.com/media/86eb929b702f755766dd213dc03e41f7/href Stacking DAO is now also live on Zealy , where users can actively earn USDC rewards and more by completing simple quests: Join Stacking DAO Appreciating community educators such as: Bito Ordileone for creating content on Stacks DeFi: https://medium.com/media/8ddf48818bfba04276a4a50ffe13f0ad/href Roman K and Scorpy for explaining how stSTX is the perfect asset to earn points on Stacks: https://medium.com/media/302a852563e6a170d09f11a559d0f284/href https://medium.com/media/7338d299016ea39b485e48cd90b7c92a/href iiaone for showcasing how Stacking DAO has quickly emerged as a pillar of Stacks DeFi ecosystem. https://medium.com/media/36f5d93896a6c0133f3e9aefa5602f9e/href Algorithm for his thread on Stacking DAO growth and milestone since launch: https://medium.com/media/5ce09265f7f0abe6e92fccc76f0ade74/href Stacksy for simple but explanatory and eye-catching graphics on Stacking DAO points strategies. https://medium.com/media/06c72adafe402dc72ab729aef707c686/href Fracture for showing on-chain data about Stacking DAO growth. https://medium.com/media/b2a32d29c44df2ebb3f79c3a4085b23d/href Tim for the amazing content on Stacking DAO https://medium.com/media/623c0fc5f30e025cc7d67d0f54930740/href Finally, Stacking DAO has processed another ~218,830 STX in Stacking rewards: https://explorer.hiro.so/txid/82073f557fe52899e1c7293acaacc0868a6dff7a65c2554f4f43a6aa20e9ca16 Mint stSTX today and earn up to 9% 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 Join Stacking DAO Zealy space to earn rewards and more: https://zealy.io/cw/stackingdao

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