Earn 8% APY Paid in Bitcoin: D’CENT Wallet Now Supports Stacking on the Stacks (STX) Network!
In this latest release of D’CENT Wallet, we are excited to announce the Stacks (STX) Stacking delegation service is now accessible from your mobile devices available for both Android and iOS.
What is Stacking?
Stacking is an innovative mechanism that rewards STX token holders for participating in the consensus process of the Stacks blockchain, called PoX (Proof of Transfer). Stacks holders who participate in stacking are called Stackers. Whenever a new block is mined on the Stacks blockchain, the protocol rewards the stacker with Bitcoin (BTC) committed by the miner in return for contributing value to the network.
In order for a user to directly stack, it requires a fairly large amount of Stacks (STX), but with pools, users with a small amount of Stacks can easily participate and receive rewards based on how many Stacks they’ve locked.
In this update, following features are added.
- From the Stacks account in D’CENT Wallet, users can participate in Stacks stacking.
- Support for creating custom Bitcoin account for receiving BTC reward.
Update Mobile App
The latest versions of the D’CENT mobile app can be found at the link below.
For the D’CENT Biometric Wallet, please update to the latest version of the firmware.
Accessing Stacks (STX) Stacking from D’CENT Wallet
Stacking delegation service can be accessed from the “Details History” page of the Stacks account.
From the Stacking delegation service page, click on the “Delegate” button to see a list of Stacking pools available for delegation. Each stacking pool has minimum requirement and operation rules, so make sure you have checked the details before participating in the pool
Stacking delegation pool operators
Currently, there are two pool operators listed in D’CENT Wallet. For more details and the latest information, please visit the websites of each pool operators.
✅NFP Studio Pool (https://app.nfpstudio.io/stacking)
(Non-custodial | Minimum 100 STX | Fee 7% | Reward in xBTC)
The NFP Studio pool is a global extension of the previous Stacks Korea stacking pool. It was released earlier this year and offers a super easy UI and Wrapped Bitcoin (xBTC) rewards payout.
Users are free to choose the stacking cycle they want to participate in through the NFP Studio pool. You can also check your participation history and reward history through the dashboard.
(Non-custodial | Minimum 200 STX | Fee 5% | Reward in BTC)
Planbetter is one of the non-custodial pooling options within the Stacks community that pays in Bitcoin (BTC) as a reward. This is a pooling service built by Diego & Bumblebee, who has been working with the Stacks community since Stacks 2.0 which was released on January 21st.
Planbetter has recently launched the brand new stacking app, the dashboard platform offers the ability to track and manage all stacking activities in the Planbetter pool. One of the very convenient features about Planbetter is that it allows users to download detailed transaction history for Tax Report.
(Non-custodial | Minimum 40 STX | Fee 0% | Reward in STX)
Friedger is one of the non-custodial pooling options within the Stacks community that pays in Stacks (STX) as a reward. There is no fee in the Friedger pool and the minimum amount that can be delegated is 40 STX.
Friedger Pool will start locking user’s STX around 1000 blocks before the start of the next cycle. Friedger Pool will be closed around 50 blocks before the start and users can join the pool until 200 blocks before the start. For the users who’ve chosen indefinite duration as the delegation period, the Friedger Pool will automatically re-stack user’s STXs for the next cycles.
🚨Notice to Users:
The operation policy and contents of each delegation pool are subject to change at any time without prior notice, and users need to regularly check the changes from the pool operator’s website.
For detailed instructions on how to use the Stacking Delegation Service, please refer to the D’CENT User Guide below.
[About Stacks Network]
Secure smart contracts and apps for Bitcoin. The Stacks ecosystem is a collection of independent entities, developers, and community members working to build a user-owned internet on Bitcoin. The Stacks blockchain extends the design of Bitcoin to enable secure apps and predictable Clarity smart contracts without modifying Bitcoin itself, opening innovation on the network for the first time. The Stacks cryptocurrency (STX) is used as fuel for networking activity and contract execution and can be locked by STX holders via ‘Stacking’ to earn Bitcoin (BTC) rewards for supporting blockchain consensus. Stacks cryptocurrency was distributed to the general public through the first-ever SEC qualified token offering in US history.
For more details, please visit Stacks Website: https://stacks.co.
[About D’CENT Wallet]
D’CENT Wallet is created by IoTrust, a company founded by security experts with over 15 years of security know-how and engineering experience in developing deeply embedded security solutions based on secure-chip technology (SE and TEE). D’CENT Wallet aims to protect users’ digital assets by combining software and hardware security solutions. Users have the choice of using the Biometric Wallet, Card type Wallet, or the Software Wallet.