Stacks Defi Ecosystem – Best STX DeFi Apps & Tools (With Commentory)

Apps/Protocols	Utilities	Note
Reverse wallet	The perfect wallet for STX	Easy to use and offers native staking with yields at BTC
Kucoin, Bybit	Crypto exchange to purchase STX tokens	Native pull-out options with stack blockchain
stackingdao	STX Liquid Staking	STX’s first liquid staking platform
Lisa Love	STX Liquid Staking	Provides LST tokens and is provided by established brands of the STX ecosystem
alexlab	Dex, LaunchPad, etc.	–
Arcadico	Mint Stub Coin with Liquid Stake Token	I don’t like this idea because this will eventually create a bubble.
Stax Pulse	Stack defi real-time on-chain statistics.	Helps you discover Daps growing in stacks
stxtools	Birdeye in the Stacks ecosystem	For traders and investors
Stacks Ecosystem Twitter List	Twitter list to follow stack-related updates	Your truly managed list of you, Mr. Claanix

Extending my series with a Bitcoin Layer 2 solution, today I’m considering the Stack Blockchain Defis app. Stacks is the leading Layer 2 blockchain solution for Bitcoin, with a large number of new Defi apps being launched on this blockchain. Stacks has a token called STX, which is currently trading at a rate of $2.51 on several major exchanges.

As these Defi apps on Stacks (STX) grow in popularity, STX should be in considerable demand. Other Bitcoin Layer 2 solutions are working, but nothing is approaching what the stack has achieved. It’s good to be in any industry soon, but at the same time, it’s even more important to be aware of new innovations and fit in the product market and be open-minded.

These Layer 2 solutions will help you adopt Bitcoin. Otherwise, Bitcoin could mostly become a valuable store. For media of exchange, stubcoins are more common, with all defi actions being made in Ethereum and ETH tier 2 solutions, or in the Solana ecosystem.

So, in a nutshell, stacks and other layer 2 solutions for Bitcoin pave the way for more use of the Bitcoin blockchain.

Excerpt from an article by Aaron.D.

There are several well-known scaling projects specializing in supporting the scale of Bitcoin. Lightning, RSK, Liquid BTC, and Stacks stand out among these projects. Lightning is in its own league as engineers designed it to bring cheaper transactions to Bitcoin. Meanwhile, RSK, stacks and liquid BTC bring additional features to Bitcoin, such as smart contracts, tokens and asset issuance.

Anyway, think of this guide as a beginner’s guide to making the most of your stack ecosystem. This is used as the basis for research. If the response is good, I’ll dig deeper into STX and stacks in future articles.

Best STX Wallet: (Stack Wallet)

Novverse Wallet – Bitcoin Web3 Reading Wallet

This is one of the best wallets you can use to interact with the Stacks Defi app. VESVERSE is the main wallet for Bitcoin Web3, allowing users to connect to the app, properly store and send BRC20 tokens, earn BTC rewards on the stack, and instantly enjoy instant payments on the Lightning network.

One of the least talked about, but the most important features of reverse wallets is that you can wager STX from your wallet and earn rewards in BTC. This is what makes STX so interesting, and if Bitcoin is a truly distant dream for many people to acquire, STX may be used as a way for many users to accumulate BTC.

Vesverse is available on all major platforms, including iOS, Android and Chrome apps.

ververse also works with Ledger on the desktop. This is the same guide. I haven’t tested it, rather created a new wallet to use the STX ecosystem.

If you’re looking for other wallets, here are three other wallets supported by the majority of defi apps in the stack: I personally like it because I was a North Star in the growth of the stack ecosystem.

• Leather wallet:
• Asian Wallet: Multi-sig wallet for stacks and Bitcoin.
• OKX wallet

The list of new wallets continues to grow and we recommend sticking to established wallets like vsverse, leather, and even OKX wallets. According to the official website, these are several more wallets.

How to get STX (Purchase STX) –

Before you begin using the Stacks Defi app below, you will need to purchase STX and withdraw it to your Stacks wallet. The stack block time is 5 seconds after Nakamoto’s upgrade.

STX is available on all major crypto exchanges and you can purchase STX from any of these exchanges.

Where to buy STX tokens:

• Kucoin
• Binance
• FEMEX
• Bybit

You then pull the STX out into your wallet so that you can start defi actions in the Stacks ecosystem.

Well, I think you already have an STX in your wallet, and now you are ready to do a lot from here.

Note: None of these should be used as educational content, not investment advice. Feel free to use this as the basis for your research and build your knowledge.

Currently, there are three main types of users.

1. Trader – If you keep your STX in a crypto exchange, it’s better to trade whenever you want.
2. Long-term Investors – You can pull STX out into your wallet and bet on a liquid staking platform or even bet directly using your property wallet (more on this in detail later).
3. Crypto OG’s – If you do your research and believe in the Bitcoin Layer 2 story, you can join and participate in the growth of Stack and other Layer 2 solutions. You can become an LP (liquidity provider), early adopter, and more. This part is often the most dangerous and most rewarding.

You can choose one or more of the above options based on your knowledge, time available for research and monitoring, and risk appetite.

So far, here’s what we’ve done:

1. Set up a wallet to store STX.
2. I purchased an STX token through crypto exchange.
3. I pulled the STX down to my wallet.

So let’s explore the many options you can have with STX.

Note: This article was originally written in April 2024 and things can change very rapidly in this industry. If you feel this is outdated and requires an update, just ping me Twitter @creatonicss.

Stacking STX – Stack Token Staking

There are three common ways to staking STX tokens:

1. Cryptocurrency exchange (for beginners) –

Some exchanges like Binance offer flexible and locked staking. Rewards are distributed in the form of BTC, and IMO is very good. The maximum time frame that STX can be locked in Binance is 120 days.

2. StackingDao – STX Liquid Staking Platform

Stackingdao is STX’s first liquid staking platform. The advantage of liquid staking is that the token is liquid. When you bet on STX, the platform offers a token called “STSTX.” This can be further utilized in other defi apps to generate additional returns.

One important thing to note here is that Stackingdao will pay him with STX tokens instead of BTC.

3. Property Wallet STX Staking

• Reverse wallet
• Reverse pool website

Vecverse Wallet has built-in staking options, where you earn rewards with BTC. Personally, I like STX, but I prefer to earn rewards in BTC.

A good idea is to split staking into staking dao (liquid staking platform) and lock staking with the foundation to win BTC.

Again, there is no right or wrong here either. It all depends on your personal preferences and risk appetite. Liquid staking is a favorite of many people to keep investments liquid, and this is very useful when things go south.

4. Lisalab – STX Liquid Staking Platform

Lisalab is a new liquid staking platform from AlexLab (more explained in this article). It instills a great sense of confidence as it is an Alexlab project. It will be interesting to see how this grows and how it brings healthy innovation by competing in liquid staking spaces in the stack.

You can use my referral code.”ae3ce“You have decided to join Lisa Love.

Stacks for distributed exchanges (STX)

When discussing ecosystem growth, it is logical to look forward to it by listing a few tools such as dexes, lending, borrowing platforms, and crypto bridges. In this section we explore all of these products that exist and are growing in the Stacks ecosystem.

Alexlab – LaunchPad, Dex, etc.

Alexlab is one of the first daps you come across while interacting with the stack ecosystem. Some of the features of Alexlab are:

• AMM DEX – Buy or sell tokens or provide liquidity to your AMM pool.
• EVM Bridge – Transfers tokens between the EVM and the stack.
• BTC Bridge – Transfers tokens between Bitcoin and stack.
• BRC20 Inscription – Securely deploy, mint, and transfer BRC20 tokens without hassle and an unpredictable user experience.
• LaunchPad – Launch a project token using a lottery-based hybrid launchpad.

Alexlab also has a token called “$Alex” that you can read about here. Once this ecosystem has grown and AlexLab becomes the #1 solution, we are creating the next UniWap or Jupiter. Again, nothing is certain, and it all depends on factors such as growth and adoption, competition.

Alex is available on the following exchanges:

• Kucoin
• mexc
• gate.io

Arkadiko – A stable coin from the sky

Arkadiko is a decentralized, non-radical liquidity protocol that allows users to collateralize assets and mint Stablecoin called USDA.

To be honest, platforms like Arcadico, which can use liquid tokens to mint stable coins, make me worried.

Imagine this:

• Liquid Stake STX for STSTX
• You will use this liquid stake token (STSTX) to create a stable coin
• Use minted stable coins to buy more STX
• Now rinse and repeat.

This process cannot continue indefinitely, and will create a bubble. I’m extremely cautious when I see such a protocol getting too big.

Another platform called Bitflow allows you to convert these minted USDA tokens for USDC. But looking at the pool, you can clearly see how unhealthy this situation is.

Again, we hope that all this will work out (bubble) by opening up and by ecosystem participants.

Stackspulse –

Stack defi real-time on-chain statistics.

stxtools: Trade Analysis and Chart Tools

Many new projects, both memes and utilities, have been launched on Stacks Ecosystem, offering great opportunities for traders and investors to reach early.

Meme projects like this:

• $ Wales
• $ leo
• It’s not $

It’s something to pay attention to. This is not investment advice and should not be ignored.

Stxtools checks charts, recent deals and helps you watch whales.

Bitcoin Layer 2 list on Twitter:

We’ve created a list of notable companies, builders and thought leaders on Twitter (X). If you like you You can join here. This list will help you keep your latest stacks and Bitcoin Layer 2 updates up to date. I am always happy to share my notes and learn from others.

If you would like to suggest a new addition here, send me a DM Twitter @creatonicss

Stacks Defi Ecosystem – Best STX Defi Apps & Tools (with Comments) released on Coinsutra – Bitcoin Community