Depositing STX in Native Stacking Pool
Last updated
Last updated
As with the other options, , connect your favorite Stacks wallet, and select the third option: "Native Stacking with BTC Yield."
The process consists of 2 transaction steps:
1) Allow Delegation: Transaction to allow STX delegation to the Stacking DAO pool for stacking.
2) Confirm Stack: Transaction to stack STX capital through the Stacking DAO native pool.
Start by clicking the "Allow Delegation" button. Once the first transaction is signed and confirmed, the StackingDAO UI will automatically refresh. The "Allow Delegation" button will then update to "Confirm Stack."
Click "Confirm Stack" to sign the second transaction and complete the stacking process. After it's confirmed, refresh the page to see that your STX has been successfully stacked.
Note: Even after the second transaction is confirmed and the UI shows your STX as stacked, the tokens will remain in your wallet until the next stacking cycle begins.
At this stage, the STX are delegated, but not yet locked. They will be officially locked (and considered fully stacked) once the new cycle starts
For more details, check the tooltip below.
The Native Stacking service requires users to specify an amount of over 500 STX. Users 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.
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.
When scrolling the Stacking section, you will be able to check your specific Native Stacking position in the "Active Positions."
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.
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.