stSTX pool migration: An opportunity to double up on points with Bitflow
BitFlow stSTX pool migration: An opportunity for Stacking DAO community to double up on points
Everyone wants to earn more points, but how can you do it?
The Bitflow Finance stSTX pool migration is a big opportunity
What benefits does the migration bring to the Stacking DAO community?
Move your STX-stSTX LP tokens from the beta to the active pools to unlock and accumulate Bitflow points. The earlier in terms of cycles you migrate and escrow LPs, the more daily Bitflow points you will earn.
As for Stacking DAO, their point system aims to measure the active involvement of Bitflow earliest supporters.
Moreover, you will enjoy higher LP rewards as, from now on, trading fees will be mostly generated by the active pools and will soon benefit from future Bitflow features related to stSTX.
There is also a surprise for Stacking DAO Genesis NFT holders. You receive a special multiplier for the Bitflow point system. So, if you’ve accumulated many points, the multiplier will boost your past and future points. Therefore, by providing liquidity to the STX-stSTX pool, you are:
• Earning Stacking DAO and Bitflow points
• Accumulating points faster on both apps with Genesis NFTs
Points are great, but there are other reasons why migration is so important. The stSTX-STX liquidity is a key factor for Stacking DAO success, as the deeper the pools, the easier it is for anyone to swap in and out.
In under a month, the Bitflow stSTX-STX reached a TVL of 3m STX. It is an impressive start, and with the migration, it’s poised to grow further, given the points and fees incentive combined with the upcoming BitFlow features.
So what are the steps to migrate your STX-stSTX position?
• Visit the BitFlow Pools website section and click on Beta pools
• Reclaim escrowed LP
• Remove pool liquidity
• Add the removed liquidity to the active pool
Find the migration UI here: https://app.bitflow.finance/migrating-pool?tradingPair=stx-ststx
If needed, here is a complete guide: https://bitflowfinance.medium.com/pool-migration-how-to-move-your-lp-tokens-from-beta-to-public-pools-bff2cd4289b9
Mint stSTX today and earn a 7% yield on your STX: https://app.stackingdao.com/
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