Binance Labs has declared its investment in StakeStone to bolster the Omnichain liquidity distribution network.

Binance Labs, the investment and nurturing division of Binance, has put funds into StakeStone, a staking protocol aimed at linking various blockchain liquidity and offering staking rewards, re-staking opportunities, and liquidity to emerging chains and ecosystems.

"By utilizing STONE, an Ethereum token that yields returns, StakeStone introduces native staking rewards and liquidity to Layer 2 (L2) networks.

"Its architecture is highly scalable, enabling compatibility with various underlying staking assets, supporting Ethereum Proof of Stake (POS) staking, Eigenlayer buybacks including LRT, LST buybacks, and local buybacks, as well as all emerging staking asset categories."

Yi He, Co-Founder of Binance and Head of Binance Labs, remarked: "StakeStone tackles the complexities of cross-channel liquidity distribution and broadens participation in the field. At Binance Labs, we actively pursue visionary ventures that push the boundaries of innovation. We eagerly anticipate StakeStone's progress within the industry." #BNBChain #Binance​ #BinanceSquareCreator #Cryptocurrencies #Altcoins👀🚀