Stacking is locking your STX temporarily to support the network’s security and consensus. As a reward, you’ll earn the Bitcoin that miners transfer as part of Proof of Transfer. You don’t have to run a node or validate transactions to stack — all you need to do is lock your STX in your wallet temporarily. To participate, you need to meet the minimum amount of STX for a full reward slot or pool together with others.
In this post, I am comparing the different options available to you. The options are numerous and we should strategize and choose the best to maximize your reward, stacking options vary in the following parameters:
1. Custodial v/s Non Custodial: Non-Custodial uses your own wallet (http://hiro.so/wallet) and you have full ownership of STX
2. Fees charged by platform: many platforms/services don't charge any fee at all
3. Return in BTC or STX: with some, you will earn BTC, with some you will earn STX
For Stacking by yourself you require a minimum of 70,000 - 90,000 STX which varies as per cycle, it's done through your own wallet hence it's non-custodial and you will get BTC as a return, this option involves nil fees by intermediaries as you get the reward directly from the chain for participation.
For Stacking using a service, you may have to pay some fees but you have options of getting BTC or STX as a reward. Exchange-based stacking is custodial and you will have to transfer your funds to exchange for stacking.
Quick Links:
- Official Wallet: https://hiro.so/wallet
- Best Stacking Strategy: https://blog.stacks.co/stacking-strategy
- Stacking Stats: https://stacking.club/
- Community: https://t.me/StacksIndia
- Website: https://www.stacksindia.com/
- Proof of Transfer : https://www.publish0x.com/freehold/proof-of-transfer-pox-a-sustainable-consensus-xxomvvw
- Twitter: https://twitter.com/StacksIndia
Here is a summary:
