In a commitment to furthering blockchain innovation, Binance Labs, the venture capital and incubation arm of Binance, spearheaded an investment in StakeStone. As a staking protocol, StakeStone is designed to connect omnichain liquidity while providing staking, future restaking yields, and liquidity to budding chains and ecosystems.
StakeStone operates with its yield-bearing ETH token, STONE, offering native staking yields and liquidity to Layer-2 networks. The protocol is built with scalability in mind, supporting compatibility with a myriad of staking underlying assets such as ETH POS staking, Eigenlayer restaking, including LRT, LST retaking, native restaking, and any new staking asset type. In an era of multi-chain rapid growth, StakeStone serves as an application layer liquidity marketplace, enabling more efficiency in liquidity flow within the distribution network.
Yi He, Co-Founder of Binance and Head of Binance Labs, praised StakeStone's potential, saying, "StakeStone addresses the complexities of omnichain liquidity distribution, widening the opportunities for broader participation in the space".
Unlike traditional systems, StakeStone offers full transparency for underlying assets and returns, introducing a decentralized solution for liquid staking through its OPAP mechanism. This ensures STONE holders automatically receive optimized staking yields. StakeStone plans to continue assimilating innovative underlying assets based on market trends, placing special emphasis on AI and decentralized physical infrastructure networks (DePIN).
According to Charles K, Co-Founder of StakeStone, the protocol is on a mission to build a long-term, decentralized, omnichain liquidity distribution network as an infrastructure for security sharing at the consensus layer and enhanced efficiency at the application layer. The support from Binance Labs is a significant boost in realizing this vision.
