Depositing & Switching for stSTXbtc
Last updated
Last updated
Minting stSTXbtc follows the same process as minting stSTX.
Simply visit the Stacking DAO app, connect your favorite Stacks wallet, and select "Liquid Stacking with BTC yield" from the three available Stacking DAO products (second option).
To start or get more stSTXbtc, select the amount of STX tokens you want to deposit and click on the "Confirm Stack" button.
Again, users can also quickly access more information on conversion rate, potential annual yield, and points. Remember that BTC yield will be streamed directly to your wallet as sBTC at the end of each stacking cycle.
Once the transaction has been submitted, it will be successfully mined within a couple of seconds, and you should receive the stSTXbtc tokens in your wallet according to the displayed ratio.
When scrolling the Stacking section, you will be able to check your specific stSTXbtc position in the "Active Positions." From here you will also be able to switch to the stSTX token by clicking on the "Switch" button.
Then a Switch section will appear where users can choose how much stSTXbtc they want to switch to stSTX.
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.