On March 1, Stacks’ native Token STX bucked the trend and rose above $1 when the market sentiment was not optimistic, with a 24-hour increase of 17.41%. In this round of small bull market, the Bitcoin ecology has always been a hot spot of capital attention, and Stacks has maintained an upward trend for 3 consecutive weeks under the blessing of hot spots. Up to now, the biggest increase of STX in three weeks has reached 268.39%. Although there is still a certain gap compared with its historical high of $3.25, STX ’s recent performance is definitely the best in this bull market. BlockBeats sorts out the main projects of the current Stacks ecosystem, including wallets, DeFi , and various popular Dapp , as follows.
walletXverse _
Xverse is an encrypted wallet built on Stacks and supporting the Ordinals protocol. Users can simultaneously manage Bitcoin assets (including BTC and Bitcoin NFT ) and Stacks-based assets through the wallet. At the same time, the wallet also has a built-in stack function, and users can earn bitcoin income through stack STX .
BlockBeats Note: The stack function is generated based on the Stacks consensus mechanism Proof of transfer (PoX). Stackers participate in the Stacks network operation by locking STX , and obtain the Stacks anchor chain Token (ie Bitcoin) as income.
The UI of the wallet is simple, and the wallet creation process is similar to many EVM-compatible wallets, and the wallet is also backed up and restored through the Seed Phrase. For EVM wallet users who are accustomed to Little Fox, this undoubtedly lowers the threshold for using the wallet. After the wallet is created, two addresses will be generated at the same time, one is a bitcoin address, which is used to receive and send bitcoin assets. The other is the Stacks network address, which is used to manage Stacks-based assets.
Send Ordinals NFT via Xverse Wallet
The wallet is currently available on the App Store and Google Play, as well as the Chrome plug-in version.
Ryder
Ryder is a social hardware wallet through which users can obtain digital identities, conduct DeFi transactions and introduce NFT into real life. The project vision is to remove the complexity of the Web3 experience and bring more users into the Web3 realm. The wallet is currently in the pre-sale period. According to the information on the official website, the wallet will support the function of social recovery account.
Hiro Wallet
Hiro is a developer tools company that empowers developers on the Stacks blockchain. Hiro Wallet is one of the company's products.
Hiro Wallet is a wallet application built on top of Bitcoin. It currently supports Ordinals and will soon support Lightning Network.
Hiro Wallet has many convenient built-in functions. Users can directly use credit card, debit card or even bank transfer to purchase STX in Hiro Wallet, and then directly participate in the pledge in the wallet.
Currently, the wallet supports browser extension versions of Chrome, Firefox, and Brave, as well as desktop versions of MacOS, Windows, and Linux systems.
The browser extension version can connect to the application, purchase STX, mint and purchase NFT, and use the Ledger hard wallet. The desktop version can participate in staking to earn Bitcoin and use the Ledger hard wallet to protect assets.
DeFi ALEX
ALEX is a DeFi protocol built on the Bitcoin network through the Stacks smart contract, which draws on the design of Balancer V2 in its development. The current Mainnet version of the platform includes Swap, lending, staking, and revenue mining.
It is worth noting that the original trading and lending functions of ALEX are based on AMM , but the project has launched an order book version on the test network, but the Liquidity problem has not been resolved at this stage.
Arkadiko
Arkadiko is an open-source, Non-custodial Liquidity protocol built on the Stacks smart contract, where users can Collateral asset to mint the Stablecoin USDA, earn interest on deposits, and borrow assets on Stacks. Arkadiko's governance token is DIKO, which can be obtained by Collateral asset to add Liquidity to the pool.
Arkadiko aims to improve the efficiency of assets on the Stacks blockchain, and establish USDA as the mainstream Stablecoin in the Stacks ecosystem, enriching the DeFi ecosystem of Stacks.
Zest Protocol
Zest Protocol is a Bitcoin-based decentralized lending platform. Zest's smart contracts enable Bitcoin Liquidity Provider to earn Bitcoin yields through lending pools. For borrowers, Zest provides on-chain Bitcoin loans directly against their balance sheet.
Zest Protocol will start development in June 2022, complete the first audit in August 2022, run the public testnet in October 2022, complete the second audit in December 2022, and the Mainnet is not yet online.
Dapp BTC.us
BTC.us is a website that provides a decentralized domain name service similar to ENS on Ethereum . Users can claim the BTC domain name here, and complete the registration by sending two transactions to the BNS smart contract on the Stacks chain. The domain name can contain all lowercase letters and special characters, the current price is 2 STX for 5 years. Users can use the BTC domain name to log in to the Dapp and send and receive STX.
Console
Console is a Web3 social chat room platform, aiming to be the Discord of Web3, users can log in with Hiro Wallet or MetaMask. Console will verify the user's community identity based on the user's ownership of Token, NFT or ETH, BTC domain names, so as to prevent the existence of robot accounts.
Console is still a relatively early project. According to official sources, Console's Windows/Mac system desktop Dapp is expected to be launched today, and IOS and Android mobile terminals are also under development.
Block Survey
BlockSurvey is a decentralized anonymous survey platform. The biggest feature of the platform is its "anonymous survey" function. Survey participants do not need to disclose any personal information, which guarantees the authenticity of the survey.
In the existing market survey system, there is no guarantee for the anonymity of the participants. The BlockSurvey team introduced a lot of negative cases at the beginning of the project, such as employees who participated in the company's "anonymous" survey and were fired. The emergence of BlockSurvey can solve these problems well.
According to BlockSurvey officials, the benefits of absolute anonymity include:
· Improve response rate
· Ensure the authenticity of the data
· Protect the privacy of participants
· Create a level playing field
· Demonstrate a culture of openness and trust
Gamma
Gamma, the NFT market on Stacks, was originally named STXNFT, and it was announced on April 27, 2022 that it will be renamed Gamma. Gamma is the third letter of the Greek alphabet, denoting the third phase of the web: Web 1.0, Web 2.0 and now Web3.
The platform aims to bring collectors, creators and investors together to explore, trade and showcase NFTs in the Bitcoin ecosystem. Gamma platform consists of three core products: NFT market, Launchpad and social platform. Gamma.io supports both primary and secondary markets for Bitcoin NFTs.
Users can use the Gamma bot to mint their own unique digital creations, collect them or sell them. Users can use the code-free Bitcoin NFT creation tool to create it in minutes. Gamma.io solves the technical, complex and time-consuming pain points of creating NFTs on the Bitcoin network. However, the secondary market still accounts for the majority of platform sales. Each sale includes the artist's royalties as well as a marketing commission, with percentages varying by artist and collection.
Owl Link
Owl Link is a decentralized Bio-link tool that allows users to create and share links to their online profiles and content. Users need to register a BTC domain name from BTC .us to create an Owl Link. Publishing/registering an Owl Link on the Stacks chain requires 10 STX.
Owl Link plans to issue a series of NFTs with a total of 10,000 pieces. Each NFT represents the governance ownership of the Owl Link protocol. Holders can obtain up to 90% of the revenue share from Owl Link sales (within 24 months gradually decreases to 50% over time and remains constant). At present, the casting date of this NFT series has not yet been determined. The pre-sale price is 150 STX, and the public price is 200 STX. The team stated that 20% of the funds raised from NFT sales will be used for the initial protocol development, and the remaining 80% will enter the Stacks pledge pool, and the BTC income obtained from the pledge will be regularly distributed to the NFT holders participating in the NFT pledge.
