Cycle #82

We have received 1.188436 BTC as rewards.

Liquid Stacking With LISA

This cycle, the Liquid Stacking service LISA with FAST Pool as part of Lisa’s backend delegated 1,032,192.727200 STX to Fast Pool. Lisa used 5 smart contract as pool members (similar to city coin pool members). Rewards were distributed in aBTC in a single send-many transaction for Lisa pool members.

The share of Lisa was 2,231608% of the pool. Based on this number, the rewards were calculated and distributed in two transactions:

We encourage pool members to check out the documenation and learn more about liquid stacking at https://docs.lisalab.io/

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 100,800 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

0.67576358 BTC (0.00686142 BTC fees) to proxy address: https://mempool.space/tx/b78155506e062aa5c68b3bbca393d98a5beffd541fab3afb30f84027332155fa

Consolidation Part 2

After the cycle, we

consolidated 0.4858178 BTC (0.0196472 BTC fees) to proxy address: https://mempool.space/tx/b893f4a95f98e9d70350f0fc2de61982e325e6947ff31c7a43fa89ef9596ee74

Total Rewards

After the first consolidation, we wrapped

0.6755 BTC to 0.675 aBTC:
- a) BTC to swap pool: https://mempool.space/tx/cf638592aa8b74ea82a143df9854237c9ea3cb965661f236bcddd8e5c95670b5
- b) swap pool to aBTC: https://explorer.hiro.so/txid/0x7ae51d837ffc09a4a95c0343227e0a594d07666eb7dff6800d3d53193a18ccbc

After the second consolidation, we wrapped

0.48118 BTC to 0.48068 aBTC:
- a) BTC to swap pool: https://mempool.space/tx/55d59cb5bd46627f9bbaed51d127f029647b967697358bf05f97d02a69d1cb62
- b) swap pool to STX: https://explorer.hiro.so/txid/0xe848306b94174b5f5bec52470ad0db8922fe393eabbac39e77401f4d7fed294d?chain=mainnet

After the consolidation, we swapped

1.12915877 aBTC to 26117.281071 STX: https://explorer.hiro.so/txid/0x53ee9703a9836f1599a39d24bf210d1e7599f70d8830ff5866408a098878d12f?chain=mainnet

A total of 26,117.280389 STX were distributed to 1349 pool members and 2 contracts. The 5 Lisa contracts received 619.970312 STX (swapped by Lisa). The distribution was based on 46,253,310.985 STX.

Preparing for Nakamoto Release (0,5% 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 successfully started to our signer for Stacks 3.0 and commited the very first STX on the Nakamoto stacking contract pox-4.

For cycle #82, we sent 0.00460891 BTC to the reserve. That is less than 0,5% 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