How to stack your $STX to earn $BTC so you can have a passive income stream.
A like/retweet/follow will be appreciated if you enjoyed the reading
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A like/retweet/follow will be appreciated if you enjoyed the reading
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First of all, what is stacking?
Stacking is enabled by the innovative Proof of Transfer(PoX) mechanism in which miners spend BTC that gets distributed among STX stackers while miners receives transaction fees and STX rewards. Basically it recycles PoX work done by bitcoin miners
Stacking is enabled by the innovative Proof of Transfer(PoX) mechanism in which miners spend BTC that gets distributed among STX stackers while miners receives transaction fees and STX rewards. Basically it recycles PoX work done by bitcoin miners
Therefore you temporarily lock your STX to secure the #Stacks blockchain and get rewarded with bitcoin that miners transfer with PoX mechanism.
The yield vary from 6% to 10% for each cycle, which last 2 weeks. This topic deserve multiple threads to be really comprehensive on it.
The yield vary from 6% to 10% for each cycle, which last 2 weeks. This topic deserve multiple threads to be really comprehensive on it.
There is 3 ways to stack stx to gain passive btc.
1)On exchanges like @binance and @Okcoin
2)By yourself but it requires 100k stx (so not for everyone)
3)Pools, which we will investigate the different services available (min needed to stack usually ranges from 40 to 200 stx).
1)On exchanges like @binance and @Okcoin
2)By yourself but it requires 100k stx (so not for everyone)
3)Pools, which we will investigate the different services available (min needed to stack usually ranges from 40 to 200 stx).
My favourite pool option is @planbetter_ (non-custodial), love the UI and UX, just look at the picture. It's simple to understand and they explain how to withdraw your earned bitcoin but requires 200 stx to start. If you have any question, join their discord, they will help you. 
Another option is @fmdroid pool, which is also non-custodial and you will get the rewards in STX instead of BTC. This pool is also used by @boom_wallet which will give you an NFT if you stack through their platform and the minimum stx required is 40 stx.
Last option I will cover its @xverseApp (developed by @secretkeylabs), itβs a stacks mobile wallet under development, which allows you to stack through their app. You canβt connect with Dapps yet but looks definitely promising.
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