Cycle #72

We received 1.33633000 BTC stacking rewards.

Rewards were exchanged to 59,201.513795 STX at using wrapped.com (1.31280968 xbtc; 2,088,943 sats tx fees + 0.2% wrapping fees) and alexgo at an effective rate of X sats/stx:

• btc transfer from pool: https://mempool.space/tx/20205a948d22518cb02abb89a3898e18ac961f38abc092834e4211e5492c9e66

• xBTC transfer to pool proxy address (fastpool.btc): https://explorer.stacks.co/txid/0x264a4eda173ecda971958aab42728d733f627c1f8fa21ec07bd1247c67c55bbd?chain=mainnet

• swap 1.26951 xBTC to STX: https://explorer.hiro.so/txid/0xd68e886531b483a47b47f5848ddd7728a2e86e31587749de11e99b975061eb2c?chain=mainnet

• stx transfer to pool: https://explorer.hiro.so/txid/0x6b1553425fe2578199956788b360e7abc32e1d76e69b4abf2d918647201dfca1?chain=mainnet

• xBTC to pool reserver: https://explorer.hiro.so/txid/0xd34e3256412b97e1d3733a8023c4555a3899800300084ca0c6e67aaa71277cbb?chain=mainnet

59,201.513240 STX were distributed to 2 city coin contracts and 1083 pool members based on a 46,085,201 stacked STX.

Preparing for Nakamoto Release (5% reserve)

Next year, the Nakamoto hard fork will bring sBTC. This means that we will replace xBTC with sBTC. The flow will be similar: wrapping to sBTC, then exchanging to STX and distributing.

However, stackers need to do more work eventually, run stacks and a signer node. We are preparing for that and put around 5% of the rewards aside. This will allow us to build up infrastructure and operate Stacks 3.0 signer nodes.

For cycle #72, out of the 5% (1.33633000 × 0.05 = 0,0668165 BTC) 0,02352032 BTC were used to cover BTC txs fees and wrapping fees. 0,04330 xBTC transferred to the reserve at SP2ZNPXGZ8S4GE568QSCF66PT02BZ63Y4W3Y7BHNZ.