Research summary
StackingDAO issues liquid staking tokens on Stacks: stSTX (STX rewards compound into the token’s rate), stSTXbtc (BTC rewards paid out), and stBTC (sBTC placed in reserves and PoX-5 bond positions). It held about $38M across the three tokens at the 2026-09-25 survey, below the size floor set by the below-materiality dossier, so we do not open an individual review of its contracts, keys, and exits. Two standing facts would stop the file even above the floor: Stacks has no chain review in this registry, and StackingDAO’s own restricted-countries page bars United States residents from the app. This is a class judgment with a recorded condition for reopening, not a researched rejection.
Observable review triggers
- TVL sustained above the size floor for 30 days
- The Stacks chain review resolves to approved
- StackingDAO removes the United States from its restricted countries
Facts on file
- Research assessment
- Adverse
- Client selection
- Not considered
- Exposure
- staking
- Chains examined
- Stacks
- Instruments
- STSTX, STSTXBTC, STBTC
- Reviewed
- Last confirmed