We frequently receive requests from our community to provide more ways to earn cryptocurrency rewards. Today, we're excited to introduce Stacking — Staking for the Stacks (STX) network. Stacks is an open-source network that enables users to build applications, smart contracts, and digital assets integrated with Bitcoin's security, capital, and network.
Our relationship with the Stacks ecosystem dates back to Blockstack PBC's 2017 STX token sale, which was CoinList's second token sale and one of the most successful token sales on the platform based on user registrations. Now, we're thrilled to continue this journey by supporting STX Stacking as another feature in our staking offerings!
What Is STX Stacking?
STX is the native token of the Stacks network, designed to enable DeFi, NFTs, applications, and smart contracts for Bitcoin. Stacking resembles staking under Stacks' unique Proof-of-Transfer mechanism, adding security benefits to the network. A distinctive feature is that the network rewards Stackers with BTC instead of STX tokens.
How to Earn STX Rewards on CoinList
To stack STX on CoinList:
- Deposit STX into your STX Stacking account.
- Deposits can be made anytime, with rewards starting ~72 hours after the selected reward period begins (not guaranteed).
- Withdrawal requests are processed at the end of the applicable reward period and will be available in your wallet 1–2 days after your chosen stacking cycle concludes.
Key Features of STX Stacking
- Reward Rate: Up to 7.7% APY (variable; includes CoinList fees).
- Fees: 15% deducted from rewards (principal unaffected).
- Eligibility: Available to users in approved jurisdictions who deposit STX into their CoinList wallet.
- Payouts: Rewards are paid in BTC at the end of each stacking period.
FAQ
1. How do I opt out of Stacking?
Submit a withdrawal request via the "Unstack" button. Requests are processed at the current cycle’s end.
2. Are rewards auto-restaked?
Your principal auto-restakes, but BTC rewards do not compound due to payout format.
3. Can I delegate STX to other providers?
CoinList delegates STX to InfStones by default. For alternative providers, transfer STX to a self-custody wallet.
4. What’s the cooling-off period?
Each cycle has a 2-week cooling period where STX earns no rewards and may be withdrawn.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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