Bridging USDT to stSTX: A Comprehensive Guide

Web3 users are always looking for new ecosystems to explore in search of new yield and DeFi opportunities. Stacks has caught the attention of many, but how can you join the community and benefit from STX liquid Stacking? If you have USDT on other chains or BTC and wish to trade it for stSTX, this guide will walk you through each step, utilizing XLink bridge and Bitflow. 1. Bridging USDT on Stacks with XLink Firstly, head over to the XLink bridge , which has been launched by ALEX. If you hold USDT on Ethereum or Binance, opt for the EVM bridge. Here’s what you need to do: Connect your Stacks and Metamask wallets. Select the amount of USDT you want to bridge onto the Stacks blockchain. Review cost and timeline details, then click on “Bridge” to initiate the transaction. XLink EVM bridge You should receive your sUSDT in 10 minutes, and you can always use the bridge to return to the original chain. 2. Swapping BTC to sUDST with XLink For those holding BTC, XLink provides a Bitcoin bridge service. To go from BTC to sUSDT, follow the following steps: Connect your Bitcoin and Stacks wallets. Specify the amount of BTC you wish to swap into sUSDT on Stacks. Proceed by clicking on the “Bridge” button after reviewing all relevant details. XLink Bitcoin Bridge This bridging option provides another way to go from BTC to many Stacks assets, including STX, which you could use to deposit on Stacking DAO. 3. Swapping sUSDT for stSTX on Bitflow Finance: Once you’ve obtained sUSDT on the Stacks blockchain, it’s time to trade it for stSTX on Bitflow Finance’s DEX platform . Here’s how: Navigate to the swap section on Bitflow Finance. Select sUSDT and stSTX as the assets to swap. Determine the amount to trade and set the slippage tolerance. Execute the swap by clicking on the “Swap” button. Bitflow Swap Section With stSTX, you can benefit from auto-compounding of Stacking rewards while remaining liquid. 4. Utilizing stSTX in DeFi Now that you have acquired stSTX, consider the following options to optimize your returns: Supply stSTX on Zest Protoco l and borrow aeUSDC, leveraging your assets for additional yield. Deposit stSTX in the stSTX-STX Bitflow pool to earn fees from trading activity. Zest Protocol UI By engaging in these activities, you earn yield on top of Stacking rewards and accumulate Stacking DAO points faster. In conclusion, bridging USDT to stSTX opens up new avenues for earning yield within the Stacks ecosystem. With the XLink bridge and Bitflow DEX, users can seamlessly navigate from different blockchain networks to Stacks for seeking yield generation and portfolio growth opportunities. Mint stSTX today and earn a 7% yield on your STX: https://app.stackingdao.com/ Follow us on Twitter to always be up to date on Stacking DAO: https://twitter.com/StackingDao For any questions or support, join our Discord community: https://discord.gg/KEQfXJnJYj