Stacking liquid tokens
Liquid Stacking tokens are yield-bearing representations of STX held in a protocol that performs Stacking on your behalf. Instead of locking your STX directly, you receive a tradable token (e.g. stSTX, lSTX) that continues to earn BTC rewards while remaining liquid. These tokens can be used in DeFi strategies like swaps, lending, or LPs—unlocking flexibility without giving up Stacking benefits.
May 15, 2025
Liquid Stacking tokens are special assets that represent your deposited STX in a liquid Stacking protocol.
Instead of locking STX directly with the Stacks protocol, you transfer it to a third-party protocol that performs Stacking on your behalf and issues you a liquid token like:
- stSTX (from Stacking DAO)
- LiSTX (from LISA)
- Other variants depending on the protocol These tokens reflect your position in the protocol and accrue BTC rewards proportionally over time.
Why use a liquid Stacking token?
- No lockup — You keep access to a tokenized version of your STX
- DeFi compatibility — Use the token in swaps, LPs, or lending apps
- Composability — Stack yield with other yield sources
- Exit flexibility — Redeem the token for STX and rewards based on protocol terms
Interacting with liquid tokens in Leather
Leather displays balances of known liquid Stacking tokens and supports:
- Viewing your rewards and balances
- Connecting to apps that accept them
- Sending or trading the token like any other asset
Disclaimer
Leather does not create or control liquid Stacking protocols. Users should review the mechanics, risks, and redemption conditions of any token before participating. Liquid tokens have different risks and redemption mechanics. Make sure to understand how each protocol handles reward payout, liquidity, and price stability before using them.