A Comprehensive Guide to Stacking STX: Mobile Tutorial with Xverse and Browser Tutorial with Leather What is Stacking?Stacking is a mechanism unique to the Stacks blockchain that allows STX holders to earn Bitcoin (BTC) by locking up their STX tokens for a set period. This process supports the Stacks network’s consensus mechanism, Proof of Transfer (PoX), which connects directly to Bitcoin’s blockchain.
Unlike traditional staking models that reward participants in native tokens, stacking provides rewards in BTC, making it especially attractive to those who value Bitcoin. Participants can earn up to 10% in BTC by stacking their STX through various wallets and platforms.
Benefits of Stacking- Earn BTC Rewards: Users receive BTC payouts after each stacking cycle (approximately every two weeks).
- Support Decentralization: Stacking helps secure the network and ensures the integrity of the Stacks blockchain.
- Non-Custodial: Your STX remains under your control throughout the stacking process.
Now that we understand what stacking is and why it’s beneficial, let’s dive into the step-by-step tutorials for stacking using Xverse (mobile) and Leather (browser).
Tutorial 1: Stacking STX Using Xverse (Mobile)Step 1: Download and Install Xverse Wallet
- Visit the Xverse Wallet website and download the app for iOS or Android.
- Set up a new wallet or restore an existing one using your seed phrase.
Step 2: Fund Your Wallet with STX
- Ensure that your Xverse wallet is funded with enough STX to participate in stacking. You can acquire STX through exchanges like Binance or OKX and transfer it to your Xverse wallet.
Step 3: Navigate to the Stacking Section
- Open the app and tap on the "Earn" tab at the bottom of the screen.
- Select the stacking option to proceed.
Step 4: Choose a Stacking Pool or Direct Stacking
- If you have enough STX to meet the minimum threshold for direct stacking, you can stack independently. Otherwise, select a stacking pool.
- Xverse partners with various pools, allowing users with smaller STX amounts to participate.
Step 5: Confirm the Stacking Details
- Choose the number of cycles (each cycle is approximately two weeks).
- Review and confirm the stacking terms.
Step 6: Complete the Transaction
- Approve the stacking transaction in your wallet.
- Once confirmed, your STX will be locked for the selected duration, and you will start earning BTC rewards after each cycle.
Step 7: Monitor Your Rewards
- You can track your stacking status and BTC rewards directly in the Xverse app.
Tutorial 2: Stacking STX Using Leather (Browser)Step 1: Visit Leather’s Stacking Platform
Step 2: Ensure You Have Sufficient STX
- Verify that your Leather wallet has enough STX to participate in stacking. If needed, transfer STX from an exchange to your wallet.
Step 3: Choose a Stacking Method
- Leather allows users to stack independently if they meet the minimum STX threshold. Otherwise, you can join a stacking pool to participate with a smaller amount.
Step 4: Select the Number of Cycles
- Choose how many cycles you wish to lock your STX for (each cycle lasts around two weeks).
Step 5: Confirm the Stacking Process
- Review the terms and approve the stacking transaction in your Leather wallet.
Step 6: Track Your Progress and Rewards
- Once stacking is initiated, you can monitor your progress and BTC rewards through the Leather platform.
ConclusionStacking STX is an innovative way to earn BTC while supporting the Stacks network. Whether you prefer the convenience of mobile stacking with Xverse or the flexibility of browser-based stacking with Leather, both platforms offer user-friendly solutions for participating in stacking.
By following these tutorials, you’re now equipped to start earning BTC through stacking and contributing to the growth of the Stacks ecosystem. Happy stacking!