Rewards
Rewards
We received 5.44506600 BTC as rewards.
This cycle we received inscriptions with the rewards. This resulted in change of the distribution flow. See section about aBTC and sBTC below.
This cycle, the Liquid Stacking service LISA with FAST Pool as part of Lisa’s backend delegated 2,737,552.746444 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 5.637994% of the pool. The rewards were distributed with the normal distribution flow:
8,181.427404 STX: https://explorer.hiro.so/txid/0xbe3d9f0c646a42cd4d980c7fb28b5d4af3ac2fe1a6f43d1bb6d52f7889438f92?chain=mainnet
We encourage pool members to check out the documenation and learn more about liquid stacking at https://docs.lisalab.io/
There are many dust rewards of 200 sats and 550 sats. We 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 79,700 sats left in the wallet after reward distribution. This is something to keep in mind when doing accounting.
After 1 week, we consolidated, wrapped and swapped to 84,401.967806 STX
3.04468970 BTC (0.01243530 BTC fees) to proxy address: https://mempool.space/tx/b78155506e062aa5c68b3bbca393d98a5beffd541fab3afb30f84027332155fa
3.0446897 BTC wrapped to 3.0446 aBTC: https://mempool.space/tx/a754fd63ba169697f360ce54ed37da94d4b5c3049597e8fdc189f797fcc5e199
swapped
0.5 aBTC to 13,836.999395 STX: https://stxscan.co/transactions/0x2d7cf6b1be19e68b97186ee27c08d6b9edf92c237892b466803edfb23b2bc710
0.5 aBTC to 13,674.303767 STX: https://stxscan.co/transactions/0xa1d34acf09b9e35e2d0cf92134bb5df0fa0a73aeadeb164c795c4bd98dd8dde1
0.5 aBTC to 13,885.043427 STX: https://stxscan.co/transactions/0x5817fbcdc5564343b4c3cc1028ab7ddcdbe5f975aff202036f4f48c127612ae2
0.5 aBTC to 13,721.535212 STX: https://stxscan.co/transactions/0xab5da012236dd872af519d0f3052cd2e6b2c404992aea023eb8ec3db5f2d2291
0.5 aBTC to 14,114.378202 STX: https://stxscan.co/transactions/0xaca4cc2277462705f56042085925d58e953787c848f0bad5720d5e1523c4562e
0.5441 aBTC to 15,169.707803 STX: https://stxscan.co/transactions/0x56a32511ee8b89660445482b64c859977e54532d669e65871a9a7a08dd1c9581
At the end of the cycle, we consolidated, wrapped and swapped
2.37896716 BTC to proxy address: https://mempool.space/tx/56bc235f91ac9034d484e764e36a393df222a6a1b013f1e4813408960fc42f69
2.37896800 BTC to 2.374210064 xBTC: https://mempool.space/tx/ba5e5a0947c70faedf5c5c5bdcf8a510fd8fe62316f5df5820c7038579422068
2.104210064 xBTC to 60,710.390835 STX:
0.5 xBTC to 14430.189659 STX: https://stxscan.co/transactions/0xe024fe22d90d37492b527f41da92aa344a40e9e6ee6c773bd5ddaa3f1ff90233
0.5 xBTC to 14310.631584 STX: https://stxscan.co/transactions/0xaaff3acf410aa12163e366b8e9ac7bbd8cb3446c8edd13399343201b035964cc
0.5 xBTC to 14770.763838 STX: https://stxscan.co/transactions/0xcf4ac6a205907a96b392fdcb2a2789c609dc0dedb4ad687a130d9616b0f1432b
0.5 xBTC to 14139.311837 STX: https://stxscan.co/transactions/0xaec9f161f773d1ae5cb61452a7ec5561a605e2a9fa024b54a7797dd340f0dcdb
0.10421 xBTC to 3059.493917 STX:https://stxscan.co/transactions/0xf959deabb7de603c3624a86eed98101d140c52b44491777bd6a0f09a4163c8cd
Due to the delay, the share from consolidation 1, that is around 3/5 part of rewards (34,878.281989 STX), were distributed in a first batch to 1349 pool members: https://explorer.hiro.so/txid/0x086e8c4c04a8a8d0bc3c3514777a10e887815dd8afa653da323312ed3c27ff18?chain=mainnet
After xBTC were finally wrapped and swapped to STX, the rewards (5/5) for CityCoin contracts (76,964.676916 STX) and Lisa contracts (8,181.427404) and the remaining 2/5 rewards for pool members (25,087.970927 STX) were distributed.
A total of 145,112.357236 STX were distributed to 1349 pool members and 7 contracts. The distribution was based on 48,555,431.245106 STX.
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 be signer for Stacks 2.5 and are registered for cycle #84 as signer.
For cycle #83, we sent 0.27 aBTC to the reserve. That is a little less than 5% of the consolidated BTC rewards.
The first 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
The remaining rewards were wrapped from BTC to STX via xBTC. The reason to use xBTC was that we received inscriptions with the rewards this cycle. As the aBTC bridge requires to use an browser extension and as the extension hides Bitcoin UTXOs with inscriptions we were not able to use the aBTC bridge. Instead we used xBTC from a Bitcoin core wallet.