Exploring NFP Studio Stacking Service
User guide for stacking participation
What is Stacking?
Stacking supports network security and consensus by locking up the Stacks native token STX for a certain period of time. Participants can earn Bitcoin as a reward.
>> Learn more about stacking
Understanding the community’s need that stacking should be a less complicated process, NFP STUDIO has developed a delegation tool that anyone can easily participate in stacking. Stack your STX now and earn Bitcoin.
How to Delegate Stacking
① Click “Stacking” from the left menu in the NFP STUDIO dashboard.
- Currently only available in PC.
② Click “Connect wallet” in the upper right corner to connect your Stacks web wallet.
- Only STX delegation available (non-custodial).
- Download Stacks web wallet here.
③ Select the amount of STX to stack and the participation cyle, then click “Delegate”.
- Minimum of 100 STX required for stacking delegation.
- Delegation only during separate registration period for each cycle.
- Network delegation transaction required.
④ Check your delegation status in “Stacking Activities” section.
- Stacking starts 7 days after delegation.
- Status updated to “WAITING” within 30 minutes after transaction is complete/
- Status updated to “DELEGATED” when ‘delegate-stack-stx’ transaction is successfully sent to each delegators from the stacking pool.
⑤ Check your reward details in “Stacking Activities”.
- Stacking reward in Stacks based wrapped BTC (xBTC).
- Reward distributed within 2–3 days after stacking cycle ends.
- Check xBTC history in “Stacking Activities”.
Things to know before Participating
Q. How does stacking work?
→ Stacking follows the steps below: [Standby] > [Delegation] > [In Progress] > [Complete]
- Standby: Delegation transaction is successfully executed through the “Delegate” button.
- Delegation: The pool sends a ‘delegate-stacks-stx’ transaction to each delegators’ wallet to check the amount of STX to be delegated to the pool.
- In Progress: Before the stacking cycle starts, the pool commits its intention to participate in stacking to the network and participate in stacking. Stacking rewards are accumulated in the stacking pool.
- Complete: After stacking ends, the Bitcoin accumulated in the pool is converted to xBTC and distributed to delegators.
Q. How long is one stacking cycle?
→ One stacking cycle is 2100 Bitcoin blocks, which corresponds to approximately 2 weeks. There is a cooldown period at the end of each cycle. Therefore, you won’t be able to participate in two conesecutive cycles.
Q. When will I receive my rewards?
→ After each stacking cycle, rewards are distributed to participants within 2–3 days (to aggregate reward details and convert to xBTC)
Q. When is the commited STX unstacked?
→ Commited STX is unstacked in about 100 Bitcoin blocks after each cycle. To participate in stacking again, you have to go through the delegation process from the start.
Q. How much is the delegation fee?
→ In order to maintain a stable stacking service, 7% of the distributed reward is charged as a delegation fee.
