Depositing STX in Native Stacking Pool
Last updated
Last updated
As with the other options, visit the Stacking DAO app, connect your favorite Stacks wallet, and select the third option: "Native Stacking with BTC Yield."
The process consists of 2 transaction steps:
1) Delegation: Transaction to allow STX delegation to the Stacking DAO pool for stacking.
2) Stack: Transaction to stack STX capital through the Stacking DAO native pool.
Before initiating the "Stack" transaction, users must specify the amount of STX they wish to stake. They will also have a clear view of the estimated annual yield, daily points, and the BTC reward address.
Once the Stacks transaction has been submitted, it will be successfully mined within a couple of seconds.
Once a "Stack" transaction is confirmed, the STX allocation is only "delegated".
STX Stacking has three phases: available, delegated, and stacked (sometimes called "locked").
Delegated phase: STX is designated for Stacking but not yet locked, as the new Stacking cycle hasn't started (you can't join a cycle midway).
While in the delegated phase, STX can still be used for other purposes. However, any spent STX won’t be stacked when the new cycle begins.
For example, if you delegate 100 STX a week before a new cycle but spend 50 STX on an NFT, only the remaining 50 STX will be stacked.
Users can choose the Bitcoin address where they want to receive their BTC rewards. By default, rewards will be sent to the Bitcoin address associated with their Stacks address, generated from their Stacks wallet.
The app will also notify users if they are staking STX with other community pools and guide them through the process of revoking their stake and migrating it to Stacking DAO.
To migrate your capital to Stacking DAO's Native Stacking pool:
Locate your community pool position under "Active Positions."
Click "Unstack" to prepare for migration.
Once the ongoing cycle ends and the revoking process is complete, you'll be ready to deposit into Stacking DAO.
When scrolling the Stacking section, you will be able to check your specific Native Stacking position in the "Active Positions."
Once the Stacks transaction is confirmed, users can access a "Stacking Overview," providing up-to-date information on Stacking Cycle data for the Stacking DAO service they're using.
