Cycle #71

We received 1.35696200 BTC stacking rewards.

Rewards were exchanged to 65,242.386638 STX at using wrapped.com (1.289733364 xbtc; 6,464,400 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/20e9f243ea19b540e86f1c7d7e71450c3325ec51cd9e2613682e8df109692fae

• xBTC transfer to pool proxy address (fastpool.btc): https://explorer.hiro.so/txid/0xb3d4c5b9b065f2f17e86ba0ee807dd2e76f4007a345599b702ba978e4ad0339d?chain=mainnet

• swap xBTC to STX: https://explorer.hiro.so/txid/82a6f3af927db81221ed4235955bcda75dbc1384e90f00d8bd54714e79876ea8?chain=mainnet

• stx transfer to pool: https://explorer.hiro.so/txid/0x709ca63fdde9d4f0d82f08b2b62328a404b662ddcdaf56cd13c7f274c5b7932f?chain=mainnet

71,525.184958 STX were distributed to 2 city coin contracts and 1065 pool members based on a 45.914.605,803127 stacked STX.

Note, the delay by the wrapping service that is out of our control:

• in-transaction: 2023-11-17 23:14

• out-transaction: 2023-11-21 04:25

Preparing for Nakamoto Release (5% fees)

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 will put around 5% of the rewards aside. This will allow us to build up infrastructure and operate Stacks 3.0 signer nodes.