Rewards

Fast Pool

We received 1.02020499 BTC as stacking rewards.

Payout in STX and BTC

The BTC rewards were split proportionally to pool members registered for rewards in STX, the default, and for rewards in BTC. For cycle #117, we used

• 0.20210941 BTC for BTC distribution and
• 0.81809558 BTC for STX distribution.

Total Rewards

We distributed a total of 135,783.082370 STX to 802 pool members based on a total amount of 47,573,886.112797 stacked STX.

We distributed a total of 0.18856293 BTC and 0.00445152 sBTC to 5 pool member based on 11,753,064.903074 stacked STX.

This corresponds to 169,328.111689 STX rewards or 0.29% of the total 59,326,951.015871 stacked STX.

Distribution in sBTC and Stacking for a Cause

We continued to distribute rewards in sBTC and to distribute parts of rewards to curated projectsfor for users who registered during delegation to Fast Pool v2.

For cycle #117, five user chose to receive sBTC and six users chose to give a share to ZeroAuthority DAO.

These users were mainly testing version 2 of fastpool.org. For the next cycles, these options will be made more accessible.

The total amount of 0.00445152 sBTC was distributed. The sBTC tokens were swapped via bitflow for 774 STX. In the future, we want to use app.stacks.co. However, their minimum amount is 0.01 sBTC.

Consolidation and Swapping

We consolidated the rewards address continuously and transferred a total of 1.01860269 BTC to the proxy address.

We distributed 0.18856293 BTC to pool members who registered for BTC rewards and 0.04590922 BTC to the Fast Pool reserve (fees for all pool members, 4.5%).

The remaining BTC of 0.78412747 BTC were swapped to 136,558.082786 STX in 1 transactions using over the counter swap.

Transactions for Fast Pool v1

• 0.48873954 BTC to proxy:
  • https://mempool.space/tx/86a2a8ca8f044aa825a1fea998f075fddc99224bf87c144330b60b757dcc70a9
• 0.38294259 BTC to proxy:
  • https://mempool.space/tx/22d9e7ee2a19ca1849ef712f4b19081a58732e95c3c4368bb72f4673a4ca679e

Transactions for Fast Pool v2

• 0.14692056 BTC to proxy:
  • https://mempool.space/tx/2510d5338caaf3ca391ea3cbd4e0972a1d64d929bcb6bc750091ba883bfad5c3

Transactions to and from proxy address

• 0.18856293 to btc reward receivers, 0.04590922 to Fast Pool reserve:
  • https://mempool.space/tx/5e4f5b78670f7e1d8b9efa7b37410bd002b674713565cde44a6b1a1b21fd9373
• 0.78412747 BTC swapped to 136,558.082786 STX:
  • https://mempool.space/tx/d3d8479af5322b4d5f15e6380efde0604c0b7efeafbdf5bd1b4b5a4e858ef6e0
• 0x6461bc1fbc49a0554675879172e28294595f8b29922dfa7ffa37bf38f08bdb2f

Compensation as Stacks Signer after Nakamoto Release (4.7% reserve)

For cycle #117, we transferred 0.04590922 BTC from BTC distribution to the reserve (see above). The total corresponds to 7,998.121951 STX or around 4.7% of the theoretical total STX rewards after converting BTC to STX at the exchange rate of 574 sats/stx (78412747 sats / 136,558.082786 STX).

Swapping over the counter

A screenshot of the swap is shown below.