Cryptocurrency

2024

Read

Binance Labs announced that it has invested in StakeStone to support the Omnichain liquidity distribution network.
Binance Labs, the venture capital and incubation arm of Binance, has invested in StakeStone, a staking protocol designed to connect multi-chain liquidity and provide staking, future re-staking returns and liquidity to emerging chains and ecosystems.
<blockquote>
 “Leveraging STONE, a yield-bearing ETH token, StakeStone brings native staking returns 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 repurchase including LRT, LST repurchase and local repurchase, and all emerging staking asset types.”
</blockquote>
Yi He, Co-Founder of Binance and Head of Binance Labs, said: “StakeStone addresses the complexities of omni-channel liquidity distribution and opens the door to broader participation in the space. At Binance Labs, we actively seek out visionary projects that push the boundaries of innovation. We look forward to watching StakeStone grow in the industry .”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We’ve invested in <a href="https://twitter.com/Stake_Stone?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Stake_Stone</a>!
 StakeStone is a staking protocol for connecting omnichain liquidity.
 Read more<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/eGZAgAf4fF" rel="noopener noreferrer nofollow">https://t.co/eGZAgAf4fF</a>
 — Binance Labs Fund (@BinanceLabs) <a href="https://twitter.com/BinanceLabs/status/1772202422363996166?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&nbsp;
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/binance-labs-announced-the-new-altcoin-project-it-invested-in/" rel="noopener noreferrer nofollow">Binance Labs Announced the New Altcoin Project It Invested in!</a>

Binance Labs Announced the New Altcoin Project It Invested in!

Bitcoin Sistemi EN

Other articles published on Mar 25, 2024

XRP Gears Towards an Out Performance Phase; Hedera Rival Records Stellar Performance

Cardano Developer Activity Surpasses Ethereum’s Book Of Meme Suffer Selling Pressure Pushing Inve...

Bitcoin Sees Notable Rise as Market Sentiment Improves

Bitoro Introduces the First-Ever DEX for Aggregated Perpetual Futures Tradings

Ripple vs SEC: Here’s Why March 26th Could Be Make-or-Break for the XRP Lawsuit

Making a Splash in 2024 with the Crypto Tidal Wave of Altcoins

Join our free newsletter for daily crypto updates!