Depositing & Switching for stSTX
Last updated
Last updated
Starting with stSTX is easy!
A transaction can be broadcasted with your favorite Stacks wallet (Leather, Xverse, OKX, Orange, or Asigna).
, users will be given the option to choose between Liquid Stacking with STX yield, with BTC yield, and native Stacking.
For stSTX, choose the first option, "Liquid Stacking with STX yield", enter the amount of STX you want to deposit, and click on the "Stack" button (remember to insert a valid amount that is not above your STX balance).
When an STX amount has been inserted, users can also quickly access more information on conversion rate, potential annual yield, and points. Remember that STX rewards are automatically sent to the contract backing stSTX, meaning that stSTX = STX deposited + STX rewards.
The transaction should be successfully mined within a couple of seconds thanks to the Nakamoto upgrade, and you should receive the stSTX tokens in your wallet according to the displayed ratio.
Another way to stack STX for stSTX is by finding your STX position in the "Active Positions" section and clicking the "Stack All" button. This will stack all your available STX for stSTX at once.
When scrolling the Stacking section, you will be able to check your specific stSTX position in the "Active Positions." From here, you will also be able to switch to the stSTXbtc token by clicking on the "Switch" button.
Then a Switch section will appear where users can choose how much stSTX they want to switch to stSTXbtc.
Once the Stacks transaction is confirmed, users can also access a "Stacking Overview," providing up-to-date information on Stacking Cycle data for the Stacking DAO service they're using.
