Stacy Staked XTZPrice

(STXTZ)

Stacy Staked XTZ, often referred to by its token ticker stXTZ, is a liquid staking solution designed for the Tezos blockchain. The project is hosted on the stacy.fi platform and was developed by core contributors of the youves protocol, specifically from Ubinetic AG, in collaboration with the youves DAO. The primary purpose of the project is to provide Tezos users with a way to earn full staking rewards without sacrificing the liquidity of their assets. The creation of stXTZ was largely a response to the Tezos Paris B protocol upgrade. This upgrade introduced a system where users had to choose between traditional delegation, which offers lower rewards but maintains liquidity, and native staking, which offers higher rewards but requires assets to be locked for a period of approximately four days upon unstaking. Stacy Staked XTZ bridges this gap by allowing users to deposit their XTZ into a staking pool and receive stXTZ tokens in return. These tokens represent the user's share of the underlying staked XTZ. As the staking pool earns rewards from the Tezos network, the value of stXTZ relative to XTZ increases over time. This mechanism allows the staking rewards to accrue directly within the token itself. Users can exit their position by either redeeming their stXTZ for the underlying XTZ through the protocol, which involves the standard unstaking wait period, or by trading the tokens instantly on decentralized exchanges. Technically, stXTZ is an FA2-compliant token on the Tezos Layer 1 network. The project has also expanded to Etherlink, an EVM-compatible Layer 2 solution built on Tezos. On Etherlink, the asset exists as an ERC-20 proxy token, enabling its use within a wider range of decentralized finance applications. The protocol utilizes Acurast technology to handle secure off-chain signing and decentralized operations, such as the minting and burning of tokens. The project is governed by the youves DAO. This decentralized organization is responsible for overseeing the staking pool contracts, token issuance, and management parameters. A portion of the rewards generated by the staking pool is typically allocated as a service fee to the DAO and node operators to support the ongoing maintenance and security of the platform. Within the Web3 ecosystem, stXTZ is integrated into various decentralized finance protocols, including lending platforms, automated market makers, and yield farming solutions. This allow users to utilize their staked positions as collateral or liquidity in other applications while continuing to benefit from the security rewards of the Tezos network. Learn more

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