3 min read

Luganodes x StackingDAO: Simplifying Liquid Stacking

Enhancements to Stacks!

Cover Image

Published on

1 May, 2024


Luganodes is proud to announce its partnership with StackingDAO, a trailblazer in the Stacks blockchain's DeFi sector. This strategic alliance is set to transform the Stacks ecosystem by integrating Luganodes' AAA-rated staking services with StackingDAO’s innovative liquid stacking protocol.

StackingDAO has been an important part of Stacks blockchain enhancements, with a unique offering that solves issues with the stacking process while bringing all the features of liquid staking to Bitcoin.

StackingDAO enables users to participate in Stacks’ consensus without the technical complexities of managing nodes themselves. With the recent Stacks Nakamoto upgrade, the demand for reliable and efficient node management has surged, making this partnership timely and essential.

The Partnership

Luganodes will serve as a Signer within the StackingDAO network, bringing its extensive experience and a stellar record of USD 3 billion in staked assets and 99.9% uptime. This collaboration leverages Luganodes’ capabilities to ensure high availability, robust security, and efficient operations, which are crucial in the upgraded Stacks network.

By combining forces, Luganodes and StackingDAO are set to provide an unprecedented stacking experience that offers:

  • Immediate Liquidity: Through StackingDAO’s liquid stacking protocol, users can convert their stacked STX into tokenized stSTX, which can be traded at any time, alleviating the constraints of traditional stacking cycles.

  • Accessibility for All: The partnership removes the high entry barriers traditionally associated with stacking, allowing any amount of STX to be staked without the necessity of running personal nodes.

  • Institutional-Grade Security: With Luganodes’ adherence to top-tier security standards, users gain peace of mind knowing their assets are managed securely and compliantly.

"We’re excited to support @StackingDao as a signer with our enterprise-grade blockchain infrastructure. Liquid stacking is essential for Bitcoin DeFi, reducing the opportunity cost of securing the Stacks network while boosting ecosystem liquidity. By partnering with StackingDAO, Luganodes is committed to advancing its vision of making stacking simpler and accessible to everyone."

testimonial image

Anuj Shankar

CEO, Luganodes

This partnership is a cornerstone for future developments in blockchain technology, providing scalability, security, and user-friendly solutions that will drive the continued growth of the Stacks network and the cryptocurrency landscape.

"We're thrilled to welcome Luganodes to the Stacking DAO Signer network. Their enterprise-grade blockchain infrastructure and commitment to security will enhance the robustness of the Stacks ecosystem, providing our users with reliable and efficient stacking services"

testimonial image

Philip De Smedt

Co-founder, Stacking DAO

About StackingDAO

StackingDAO leads the way in decentralized finance innovations on the Stacks blockchain, offering a liquid stacking protocol that simplifies user participation in blockchain consensus mechanisms. Funded by the Stacks Foundation, StackingDAO aims to reduce the technical barriers associated with traditional stacking methods, promoting broader adoption and enhancing the overall user experience in the Bitcoin DeFi ecosystem.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 40+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

Line pattern
© 2024 Luganodes | All rights reserved