Depositing & Switching for stSTXbtc
Last updated
Last updated
Minting stSTXbtc follows the same process as minting stSTX.
, 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 claimable in the form of sBTC twice a day directly on Stacking DAO website - just find the sBTC card in the 'Active Position' section
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.
Users can claim rewards anytime by finding the sBTC card in the "Active Positions" section. Reminder that once claimed, the sBTC card will disapppear until sBTC rewards are accrued every 70 blocks ( ~12 hours) you’ll need to wait 12 hours for the card to appear again.
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.
