StakeStone Innovates Staking with Liquid Staking Token (LST) Protocol
Binance Labs has recently invested in StakeStone, a key player in the Omnichain liquidity distribution network, making waves in staking.
StakeStone aims to revolutionize staking by integrating various yield sources and offering transparent, decentralized solutions through its Liquid Staking Token (LST) protocol.
What is StakeStone?
StakeStone, led by co-founder Charles K, positions itself as an "omnichain liquidity distribution network," integrating multiple yield sources from Ethereum staking to real-world assets and artificial intelligence. It aims to provide a versatile solution for investors seeking diversified avenues for yield generation.
Early access address : You must have an invitation code to participate (Invitation Code: 038D9)
The Core of StakeStone
At its core, StakeStone operates as an omni-chain Liquid Staking Token (LST) protocol, democratizing native staking yields and liquidity access across Layer 2 networks. It supports a multi-chain liquidity market based on STONE, its native Liquid Staking Token (LST), providing STONE holders with an array of use cases and yield opportunities.
Decentralized Liquid Staking: The OPAP Mechanism
StakeStone introduces decentralized liquid staking through its innovative Optimizing Portfolio and Allocation Proposal (OPAP) mechanism. OPAP empowers automatic optimization of STONE's underlying assets, reportedly enabling holders to maximize staking yields transparently.
StakeStone's Infrastructure
StakeStone's infrastructure includes the StakeStone Vault, Minter function, and Strategy Pool. The StakeStone Vault oversees deposit, withdrawal, and settlement processes, ensuring efficient fund management. The Minter function enables adjustments to underlying assets, enhancing token stability. The Strategy Pool, governed by OPAP, optimizes asset yield routes while mitigating risks.
The Future of StakeStone
StakeStone aims to become the premier solution for liquid staking, expanding its offerings to include Bitcoin restaking capabilities and the introduction of STONE-Fi, a liquidity distribution market. StakeStone plans to unlock new avenues for yield generation and asset utilization across multiple chains.
More news about stakestone
- Jun 20, 2024 10:24 amStakeStone Integrates Chainlink's Feed Services on BNB Chain, Ethereum, and ScrollAccording to Odaily, StakeStone has announced its integration of Chainlink's feed services on BNB Chain, Ethereum, and Scroll. This move is aimed at enhancing the security of StakeStone's liquidity staking protocol through the use of Chainlink's data. The integration will allow StakeStone to leverage Chainlink's reliable and accurate data feeds, thereby improving the overall security and efficiency of its liquidity staking protocol. This development marks a significant step forward in StakeStone's efforts to provide a secure and efficient platform for its users. The integration of Chainlink's feed services will further strengthen StakeStone's position in the market by providing a more robust and secure platform for liquidity staking.
- Jun 20, 2024 10:14 amStakeStone Integrates Chainlink Price Feeds on BNB Chain, Ethereum, and ScrollChainlink published a post on X stating that StakeStone has integrated its price feed service on BNB Chain, Ethereum, and Scroll, using Chainlink data to enhance the security of its liquidity staking protocol.
- Jun 12, 2024 12:24 pmStakeStone Protocol Launches LST Re-Pledge Strategy Based On Eigenlayer V2According to Foresight News, the full-chain liquidity asset protocol, StakeStone, has launched its LST re-pledge strategy. This strategy is based on Eigenlayer V2 and serves as the underlying asset for STONE. The scalable underlying design of this strategy will support a more diversified consensus in the future. Currently, Eigenlayer points have begun to accumulate continuously.
- Apr 20, 2024 12:33 pmStakeStone Launches Merlin Chain M-BTC Pre-Deposit ActivityAccording to Foresight News, StakeStone has launched a pre-deposit activity for Merlin Chain M-BTC. Participants can earn STONE-BTC points by pre-depositing M-BTC. The pre-deposited M-BTC will be uniformly minted into mSTONEBTC, which has multiple fertility capabilities, after the mainnet contract is deployed in May. Furthermore, STONE-BTC points can be used to share in the exclusive BTC ecological reward pool of BTC Wave. More BTC ecological projects are expected to be launched in the future.
- Apr 17, 2024 9:58 pmTranchess Partners with StakeStone and Scroll to Launch Tranchess STONE FundAccording to official news, Tranchess, a tiered fund product on Ethereum and BNB Chain, announced a partnership with StakeStone and Scroll to jointly launch the Tranchess STONE Fund. The fund is tailored for STONE points and rewards on the Scroll network, including products such as Turbo Points STONE (turPSTONE) and Stable Yield STONE (staYSTONE), allowing users to earn more STONE points and participate in Scroll Sessions. Earlier today, Scroll launched a loyalty program "Session Zero" to reward the community for participating in the Scroll ecosystem through Scroll Marks. Users can earn Scroll points by bridging assets to Scroll. Scroll said that to qualify for "Session Zero", users need to use LayerZero to cross-chain ETH and wstETH to Scroll through the native cross-chain bridge and STONE. In addition, Scroll will allocate retroactive points to members who have deployed assets on Scroll since October 10, 2023 (the date of the Scroll mainnet genesis block).
- Apr 01, 2024 3:51 amStakeStone Launches Omnichain CarnivalThe hedonism of the crypto sphere follows another breakout investment program launch from StakeStone where they indicate prominence and stellar returns in the Omnichain Carnival Program wave. Whichever initiative will lead for 3% of the circulating supply to be distributed amongst the people would further confirm the company’s willingness to bring about equal distribution. The […] source: https://www.cryptopolitan.com/stakestone-launches-omnichain-carnival/
- Mar 29, 2024 7:34 pmStakeStone Omnichain Carnival Surpasses 50,000 Participants Within 36 HoursAccording to Foresight News, the StakeStone Omnichain Carnival, a staking mining event organized by the full-chain liquidity infrastructure provider StakeStone, has seen a breakthrough in participation, with over 50,000 people joining within the first 36 hours of pre-registration. Early bird registrants will receive a 15% bonus in points during the first phase of the event, which will end in two days.
- Mar 27, 2024 9:05 pmStakeStone Omnichain Carnival Surpasses 13,000 Participants in 10 HoursAccording to Foresight News, the pre-registration for StakeStone's staking mining event, 'StakeStone Omnichain Carnival,' has seen a breakthrough of over 13,000 participants within just 10 hours of opening. Early bird registrants will receive a 15% bonus in the first phase of the event, which is set to conclude in three days.
- Mar 26, 2024 12:41 amBinance Labs Backs StakeStone: A New Era in Omnichain LiquidityIn a significant move that underscores its commitment to fostering innovation in the blockchain space, Binance Labs, the venture capital and incubation arm of the global cryptocurrency exchange Binance, has announced its investment in StakeStone. The strategic partnership marks a pivotal moment for the development of omnichain liquidity networks, promising to enhance how liquidity is […] source: https://www.cryptopolitan.com/binance-labs-stakestone-omnichain-liquidity/
- Mar 25, 2024 6:07 pmBinance Labs invests in StakeStone, the specific amount is not disclosedBinance Labs has invested in StakeStone for an undisclosed amount. (The Block)
More news about stakestone
