Liquid Stacking with stSTX by Stacking DAO
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Stacking means to lock STX to participate in the Stacks Consensus. This staking is somewhat similar to ETH staking. As of this writing, there is ~400m STX stacked with an average yield of 6.35% APY.
By: The Defiant Team •
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Disclaimer: This is neither a recommendation nor an endorsement to buy or trade any token(s) mentioned.
Last week, Stacking DAO became the largest DeFi protocol on Stacks and across any Bitcoin L2 with $115M. Stacking DAO was only launched in late December 2023.
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