Stacking DAO

100M+ STX in TVL. 1 out of every 6 stacked STX is now on the protocol. Just use Stacking DAO!

The latest Stacking cycle (#137) closed and rewards have been distributed on @Stacks stSTX: explorer.hiro.so/txid/0x01739e2… stSTXbtc: explorer.hiro.so/txid/0xb65a595… Native Stacking payouts also completed 🫡

Excellent write-up on the importance of stBTC on @Stacks 🟢

@Defi_Warhol 👀

stETH alone is bigger than all of wrapped Bitcoin. LidoFinance's TVL is at ~$16.5B TVL, while WBTC (the biggest wrapped BTC product) sits at ~$7.3B. One liquid staking token on Ethereum outweighs Bitcoin's entire wrapped-DeFi footprint, even though $BTC has a 6x bigger market cap than $ETH. This means that BTC is underutilized in DeFi, and most of the supply is sitting idle. Let me break down the reasons for this ↓ 1/ The stETH precedent Before liquid staking, ETH holders had a simple but annoying tradeoff. Stake ETH and earn yield, or keep it liquid and use it across DeFi. Once ETH was staked, it could earn, but that was basically all it could do. It couldn’t be used as collateral, traded, looped, or built into other products. stETH fixed that issue. It turned a locked staking position into a liquid asset that could move through ETH DeFi. Suddenly, staked ETH became collateral, trading liquidity, leverage fuel, a @pendle_fi asset, and eventually the base for restaking. The reason it worked is simple, but specific. Ethereum's staking yield is a native, protocol-level cash flow, so a token representing that yield is productive by default. 2/ Wrapped BTC’s limits Bitcoin never had the same setup as Ethereum. WBTC represents BTC’s price, but it doesn’t represent a native cash flow. There is no Bitcoin staking yield underneath it, so it never had the same productive pull that stETH had. And then there’s the custody problem. To use WBTC, you need to hand your BTC to a custodian. That might be acceptable for some users, but it was always a tough sell to a holder base that treats self-custody super seriously. That’s why wrapped Bitcoin never became Bitcoin’s stETH moment. Less than 1% of BTC supply is productive in DeFi today, and the market is split across WBTC, tBTC, cbBTC, and other versions without any of them reaching stETH-level depth. Having more wrappers is clearly not working. I'd argue that BTC needs a more native path into DeFi. 3/ New BTC design This path is starting to take shape through @Stacks' sBTC. Unlike WBTC, sBTC isn't held by a custodian. It's backed by a decentralized signer set holding a Bitcoin multisig on-chain, so there's no single custodian whose collapse would put the BTC at risk. This also means the BTC stays visible onchain. That solves the trust problem. Stacks' upcoming Bitcoin Staking solves the capital efficiency problem. Locked BTC earns a yield paid in BTC, drawn from the network's Proof of Transfer. The yield is native to Bitcoin. And @StackingDao's stBTC turns that staked position into a liquid token, so that BTC is able to move through DeFi while it stays staked and earning. This is reminiscent of stETH's move, only now it's applied to Bitcoin. 4/ My take On every chain with a native yield to build on, liquid staking grew a whole DeFi economy around it. ETH, SOL, and Cosmos all played out the same way. It's a clear pattern. Now Bitcoin has that same native yield through stBTC's self-custodial Bitcoin Staking. The asset is not live yet, so this is still a thesis. But the pool of idle Bitcoin sitting behind it is far larger than what ETH or SOL had when their versions took off. If even a fraction of that idle Bitcoin moves, it will be a massive shift in the space. Disclosure: I'm a long-time $STX holder and Stacks supporter.

@reubs_btc @bitflow @tenero_io @Stacks And stBTC announcement 👀

I will be speaking on the DeFi show tomorrow! → $LEO hodlmm live on @bitflow → @tenero_io updates → @Stacks growth and staking Set your reminders below 👇

@TychoOnnasch @HermeticaFi @GPSC_STX @ZestProtocol @bitflow @reubs_btc @tenero_io @DiegoMey x.com/i/spaces/1rxmq…

Tomorrow we're back with the @Stacks DeFi show at 10am ET 📆 ⏰ Set your reminders below to get the latest updates from the leading builders in the ecosystem.

Bitcoin Staking on Stacks will let you stake BTC on the L1 and earn the base yield. stBTC from @StackingDao adds liquidity on top: same yield, but the position keeps moving through Stacks DeFi. @Tycho_Onnasch explains:

Join the waitlist: tally.so/r/vGb2Zg

Fireblocks 🤝 stBTC

The STX staking powerhouse now turns to BTC. Read the full @tradingview article about Stacking DAO stBTC announcement below.

Fresh stBTC with 2.6% BTC on BTC yield coming to @Stacks.

Institutions want BTC yield without giving up the keys. Bitcoin Staking on Stacks gives them that. stBTC gives them the same yield in a liquid token.

@belizardd @Stacks ✨

For the first time ever, you can now stake BTC and keep it liquid. All thanks to @Stacks. - 4,200 BTC distributed in yield since 2021 - $614M sBTC TVL at ATH - 51 protocols in the ecosystem 🧵

@benzingacrypto Read the full coverage: benzinga.com/content/603360…

Stacking DAO stakes for 40,000+ users on @Stacks. $150m TVL at peak, zero security incidents, two years running. Benzinga covered what comes next: stBTC.

リキッドステーキングは、他のチェーンにおいてすでに実績のあるインフラです。しかし、ビットコインにはその前提となるステーキングが存在しなかったため、これまで実現することはありませんでした。 @StackingDao と @TychoOnnasch が提供するstBTCが、この状況を変えることになります 🟩

Read the full article: markets.businessinsider.com/news/currencie…

Business Insider covered the stBTC announcement. stBTC is Bitcoin that earns Bitcoin on @Stacks. Base yield expected around 2.6%.