StackingDAO is a liquid stacking protocol that gives users an auto compounding tokenised representation of stacked STX (stSTX). stSTX has the potential to become a key primitive for the nascent Bitcoin DeFi ecosystem, especially as collateral. Borrowing against stSTX will be the most tax efficient way to get liquidity against STX for STX holders.

StackingDAO is the leading liquid staking protocol in the Stacks ecosystem. They don’t have their own token yet but could launch one in the future. They’ve introduced a points system where users could earn points for staking STX. Users who collect points may get an airdrop if they launch their token.

Step-by-Step Guide:
  1. Visit the StackingDAO website.
  2. Connect your Stacks wallet.
  3. You will need some STX. You can get it on Binance.
  4. Now stake some STX.
  5. You will receive stSTX, which is the liquid token of StackingDAO.
  6. Now, you will start earning yield on your staked STX.
  7. You will also earn points for staking STX.
  8. Refer your friends and earn 10% of the points from each referral.
  9. They don’t have their own token yet, but users who collect points may get an airdrop if they launch their token.
  10. Please note that there is no guarantee that they launch their token or will do an airdrop to early users. It’s only speculation.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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