The Nakamoto Odyssey: 20x point Boost on New deposits and More

The Stacks Nakamoto upgrade has been a core focus for the Stacks engineers in the last couple of years, and the instantiation is finally here . The upgrade has massive positive implications for the network , such as improved UX thanks to faster blocks and increased security by inheriting Bitcoin finality. Furthermore, during the Nakamoto instantiation, all the locked STX get released , allowing people who couldn’t participate in Stacking DAO to finally enjoy the benefits of Liquid Stacking. It’s clear that this is a once-in-a-lifetime event for the Stacks ecosystem , and a unique way to celebrate was needed. For this reason, a 20x point boost for new STX deposits on the protocol is going live together with other activities. A booster like this won’t ever happen again! What is the Nakamoto Odyssey? As the Stacks Nakamoto upgrade is a huge milestone, a series of point boost activities are being launched to celebrate. Booster activities won’t happen often, and they definitely won't happen with the new deposit activity multiplier value. The team has thoroughly analyzed the potential impact of the point bonus to avoid any unbalances. This presents a unique opportunity for people who have their STX unlocked to join Stacking DAO community and get those points. What are the Nakamoto Odyssey activities? 1)20x Point Boost for New STX Deposits A snapshot of stSTX balances for each address has been taken at block 840360 (Nakamoto instantiation block). A 20x point boost is applied on the additional amount deposited over the next 2 weeks — until Cycle 84 (with respect to the initial balance). For instance, let’s say an address has 50 stSTX at the initial snapshot. If an address deposits an additional 100 stSTX, the address would generate 2k points (20x bonus * 100 stSTX) and have a 150stSTX balance. What happens if a user removes the new deposit? If the user ends up with <50 stSTX (initial snapshot example), then the point bonus is removed If the balance is >50 stSTX, the bonus is applied only to the amount on top of the initial snapshot (e.g if the address ends up with 80 stSTX, the bonus is applied to 30 stSTX) Boost points and the leaderboard get updated every time a new block is published. 2)2x Boost in Referral points for onboarding new addresses Users who refer new people who haven’t used Stacking DAO before will receive a 2x boost on the standard referral point generation. For instance, if your referee earns 1000 points, you get 200 points. The boost will be live from instantiation until the start of Cycle 84. What is coming next? The Nakamoto upgrade means transactions will soon be processed much faster, which improves the user experience for the Stacks DeFi ecosystem. Therefore, why not reward individuals actively using stSTX in DeFi applications to unlock new yield opportunities? 😉 Moreover, for our loyal stackers, a big surprise is coming after the Nakamoto upgrade.  👀 Stay tuned for the announcements ✨ 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