What is Stacking DAO?
Stacking DAO is a decentralized autonomous organization that provides a liquid staking solution for the Stacks (STX) cryptocurrency, enabling users to stake STX tokens and earn rewards while maintaining liquidity. This innovative platform allows users to transform their staked STX into a tokenized form known as stSTX, which can be traded at any time, bypassing the traditional two-week staking cycle and eliminating the usual minimum staking requirement of 90,000 STX. This flexibility is particularly advantageous for users seeking to engage more dynamically with the Stacks DeFi ecosystem.
What Can I Do in Stacking DAO with Leather?
Using the Leather wallet with Stacking DAO, you can fully engage with the platform's liquid staking functionalities. Here's what you can do:
Earn Compounded Yields: Stake your STX tokens to earn native yields that automatically compound, maximizing your returns over time.
Provide Liquidity: Trade your staked STX (stSTX) for STX at any time, enhancing liquidity and enabling flexible asset management.
Reallocate Assets for Additional Yields: Allocate your assets across various Bitcoin DeFi protocols to diversify your investment and earn additional yields.
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