Rewards
Cycle #87
· –BTC Received
3.58252500 BTC
STX Distributed
132,022.148517 STX
Total Members
557
0 STX stacked
Distribution Details
BTC Received
Total BTC received
3.58252500 BTC
Distribution on Stacks
0 STX stacked by 0 rewards on Stacks recipients.
STX sent as rewards
132,022.148517 STX
Total Distribution in STX (equivalent)
Rewards in STX
NaN STX
Rewards Handling
Bridge BTC to sBTC
Report
Cycle #87
We received 3.582525 BTC as rewards.
Payout in STX and BTC
We introduced a distribution flow in BTC on individual requests. The BTC rewards were split proportionally.
For cycle 87, we used
- 1.18967384 BTC for BTC distribution and
- 2.39285115 BTC for STX distribution.
Dust transactions
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 76,400 sats left in the wallet after reward distribution. This is something to keep in mind when doing accounting.
Liquid Stacking With LISA
This cycle, the Liquid Stacking service LISA with FAST Pool as part of Lisa's backend delegated 1,390,000 STX to Fast Pool. Lisa used 5 smart contract as pool members. The share of Lisa was 6.030349% of the pool.
The rewards were distributed with the normal distribution flow:
- 5,317.600435 STX:
We encourage pool members to check out the documentation and learn more about liquid stacking at https://docs.lisalab.io/
Consolidation and Swapping
After 1 week, we consolidated the rewards until then, a total of 2.13448106 BTC. We distributed 0.67337128 BTC to pool members who registered for BTC rewards and 0.03544059 BTC to the Fast Pool reserve. The remaining 1.42569578 BTC were swapped to 52,239.2028 STX.
At the end, we consolidated the remaining rewards of 1.43812282 BTC and distributed 0.45368901 BTC to pool members who registered for BTC rewards and 0.02387836 BTC to the Fast Pool reserve. The remaining 0.96053490 BTC were swapped to 38,202.4801 STX.
- 1.42569578 to proxy (after 1 week):
- 0.96053490 to proxy (after the end of the cycle):
The following swaps were executed via simpleswap.io:
After 1 week:
- 0.5 BTC to 18,463.4692 STX:
- 0.5 BTC to 18,309.7897 STX:
- 0.42565174 BTC to 15,465.9439 STX:
After the end of the cycle
- 0.5 BTC to 19,952.2543 STX:
- 0.46050712 BTC to 18,250.2258 STX:
Total Rewards
A total of 88,180.640553 STX were distributed to 551 pool members and 5 contracts. The distribution was based on 23,050,075.349172 STX stacked to receive STX rewards.
A total of 1.12706029 BTC were distributed to 1 pool member from the proxy btc address. The distribution was based on 11,459,999 STX stacked to receive BTC rewards.
If all BTC rewards were distributed as STX rewards the total would have been 132,022.148517 STX based on 34,510,074.349172 STX stacked.
Preparing for Nakamoto Release (3.36% reserve)
This year, the Nakamoto hard fork will bring sBTC. This means that we will wrap BTC to sBTC, then exchange to STX and distribute.
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 since cycle #84 as signer.
For cycle #87, we transferred 2,261.042073 STX from STX distribution and 0.05931895 BTC from BTC distribution to the reserve (see above). That is a around than 3.36% of the theoretical total STX rewards after converting BTC to STX at the exchange rate of 2714 sats/stx (239285115 sats / 88,180.640553 STX).
Swapping using simpleswap
Swapping using simpleswap is not as transparent as using aBTC via Xlink bridge. Therefore, here is a screenshot with the exchange ids:
