Mar 10•2 min read
Cycle #79
We have received 2.170202 BTC as rewards.
Dust transactions
There are many dust rewards of 200 sats and 550 sats. We started to ignore these utxos because consolidating them is more expensive then their value. That means that a few sats will rest in the pox reward address. For this cycle, there were 73,800 sats left in the wallet after reward distribution. This is something to keep in mind when doing accounting.
Consolidation Part 1
After 1 week, we
consolidated 1.0691993 BTC (0.0049907 BTC fees) to proxy address: https://mempool.space/tx/fe6654d8b2804e7daae23fd2e7a9bfe3886cc05750b09316acce9b32953d9556
Consolidation Part 2
After the cycle, we
consolidated 1.09101615 BTC (0.00489385 BTC fees) to proxy address: https://mempool.space/tx/142089d0eb78797fb9bbb68f76330fd85ea2c105879e2a019a8568a7d5bc345f
Total Rewards
After the consolidation, we swapped
2.05221 BTC to 46,036.768179 STX via aBTC:
a) BTC to swap pool: https://mempool.space/tx/9a4ef1b1216dcd44e0939de8d7b4010526b73147eb8b029c9001812546eb77c7
b) swap pool to STX: https://explorer.hiro.so/txid/0xef73a1a0ae2ec6a10f72e73a35d90220db9f6428e4780ffbcdb726d0d820d97c?chain=mainnet
A total of 46,036.767486 STX were distributed to 1441 pool members and 2 contracts. The distribution was based on 48,591,271.286566 locked STX.
Preparing for Nakamoto Release (5% reserve)
This year, the Nakamoto hard fork will bring sBTC. This means that we will replace aBTC 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. We started to build up infrastructure and it will allow us to operate Stacks 3.0 signer nodes.
For cycle #79, we sent 0.10790486 BTC to the reserve. That is around 5% of the consolidated BTC rewards.
Wrapping using aBTC
The rewards were wrapped from BTC to STX via aBTC. This worked quite well and fast. It is transparent and minting aBTC happens automagically. You can read more about aBTC at https://docs.alexgo.io/bitcoin-bridge/abtc-a.k.a-alex-btc
