Stacks token [STX] was trading around the $0.4182 price area on October 13 after a slight touch of $0.4502. Separately, Stacks Labs had reported second Bitcoin staking round, which was full with 500+ BTC and joined by over 6.7M STX.

The filled round shows participation in a program that pairs Bitcoin with locked STX, but it does not show why its price rose.

What the filled staking round means

In its October 12 update, Stacks Labs said most of Bond 2 filled through Stacking DAO, with the Xverse pool also participating. The program hopes to give a return to users of 3% on their bitcoin, paid in BTC, with no guarantees on return.

Through Stacking DAO, users receive stBTC [representing the share of their position], and they can use it in…