25 March, 2024 – Binance Labs, the venture capital and incubation arm of Binance, has invested in StakeStone, a staking protocol designed to connect omnichain liquidity and provide staking, future restaking yields, and liquidity to emerging chains and ecosystems.
Leveraging STONE, a yield-bearing ETH token, StakeStone brings native staking yields and liquidity to Layer 2 (L2) networks. It is designed with a highly scalable architecture that facilitates compatibility with multiple staking underlying assets, supporting ETH POS staking, Eigenlayer restaking — including LRT, LST restaking, and native restaking — and any emerging staking asset type. In a multi-chain era with rapid growth of multiple ecosystems, StakeStone serves as an application layer liquidity marketplace to help liquidity providers capture multi-layered opportunities while enabling multiple demanders to effectively shape liquidity. This self-reinforcing, two-sided market allows for the efficient and frictionless flow of liquidity within the distribution network.
Yi He, Co-Founder of Binance and Head of Binance Labs said: "StakeStone tackles the intricacies of omnichain liquidity distribution, opening doors for broader participation in the space. At Binance Labs, we actively seek visionary projects that push the boundaries of innovation. We look forward to watching the growth of StakeStone in the sector."
Unlike traditional approaches that rely on multi-signature wallets, StakeStone provides full transparency for underlying assets and returns. The protocol’s architecture supports multiple underlying assets and upgrades its contract based on market needs. StakeStone pioneers a decentralized solution for liquid staking and leverages its optimizing portfolio and allocation proposal (OPAP) mechanism to ensure STONE holders automatically and effortlessly receive optimized staking yields. By integrating innovative underlying assets, StakeStone is committed to building a sustainable, self-adapting liquidity layer infrastructure to make STONE ETH and STONE BTC the new standard for liquid assets.
“From start to finish, our goal is to build a long-term, decentralized, omnichain liquidity distribution network that serves as an infrastructure for security sharing at the consensus layer and increased efficiency at the application layer. We are honored to have Binance Labs's support in realizing this vision,” commented Charles K, Co-Founder of StakeStone.
StakeStone plans to continuously adapt to innovative underlying assets based on market dynamics, with a particular focus on specialized consensus mechanisms across Artificial Intelligence (AI) and Decentralized physical infrastructure network (DePIN). The protocol intends to extend its liquidity distribution channels and activate the application-layer liquidity. Meanwhile, StakeStone will continue to explore the inclusion of BTC within its liquidity network.
About StakeStone
StakeStone is the first liquidity infrastructure protocol. By first staking liquid assets on a risk-free underlying asset not limited to the consensus layer to earn staking yield and minting yield-bearing assets, and then completing the redistribution of yield-bearing liquidity to liquidity demanders (chain and on-chain protocols). Currently, it supports the minting of yield-bearing ETH, STONE ETH, with a total minting volume of more than 340,000. By continuously integrating and connecting application layers (L1s and L2s) as well as consensus layers, StakeStone established a constantly expanding and evolving omnichain liquidity distribution network.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.
Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.
