2024

Medium

DeFi

Singapore, 27 March, 2024 – In an exciting development for the DeFi community, StakeStone, the pioneering liquidity infrastructure protocol, introduces a revolutionary approach to staking assets and liquidity distribution. As the first in its field, StakeStone has made significant strides in the<a href="https://www.thecoinrepublic.com/2023/03/15/xrp-drops-as-bears-emerge-matic-losing-grip-in-the-defi-space-while-tms-network-tmsn-grows-over-700/" target="_blank" rel="noopener noreferrer nofollow"> DeFi space</a> by focusing on staking assets on risk-free underlying assets beyond the consensus layer, minting yield-bearing assets like yield-bearing ETH and STONE ETH, and redistributing liquidity across chains and protocols. With a total minting volume surpassing 340,000, StakeStone stands at the forefront of creating an omnichain liquidity distribution network that continuously evolves by integrating application and consensus layers.
StakeStone’s unique selling proposition lies in its innovative architecture that supports multiple staking underlying assets, including ETH PoS staking and Eigenlayer restaking. Designed for scalability and compatibility with emerging staking asset types, StakeStone’s Optimizing Portfolio and Allocation Proposal (OPAP) mechanism ensures transparency and optimized yields for STONE holders. That positions StakeStone as a leader in decentralized liquid staking solutions. Moreover, its role as an application layer liquidity marketplace addresses the growing demand for liquidity in the multi-chain era, creating a dynamic marketplace for liquidity providers and demanders.
<h2 class="wp-block-heading" id="strong-stakestone-s-steady-backers-strong-ecosystem-partners-and-growing-community-strong">StakeStone’s Steady Backers, Strong Ecosystem Partners, and Growing Community</h2>
At the heart of StakeStone’s unprecedented journey in reshaping the landscape of decentralized finance are our steadfast backers, influential ecosystem partners, and a vibrant, expanding community. These pillars of support not only fuel our innovative strides in omnichain liquidity solutions but also amplify our impact across the blockchain universe. With the backing of visionary investors like<a href="https://www.thecoinrepublic.com/2024/03/27/philippines-to-block-binance-following-a-warning-in-nov-23/" target="_blank" rel="noopener noreferrer nofollow"> Binance </a>Labs and OKX Ventures, who understand the transformative potential of StakeStone’s technology, we confidently navigate the complexities of the crypto world. Our ecosystem partners, including leading DeFi protocols and cross-chain bridges such as Mode, Manta, BNB Chain, and Bitget Wallet, enrich our platform’s capabilities, making our solutions more robust and accessible.&nbsp;
Through deep collaborations with the ETH ecosystem, BTC ecosystem, and various emerging ecosystems, StakeStone has accumulated over 340,000 ETH and engaged with 100,000+ users in liquidity distribution. At the same time, StakeStone is also exploring the creation of STONE BTC to incorporate BTC liquidity into its distribution network.
<h3 class="wp-block-heading" id="strong-stakestone-s-omnichain-carnival-a-community-centric-extravaganza-strong">StakeStone’s Omnichain Carnival: A Community-Centric Extravaganza</h3>
StakeStone is excited to announce the launch of their <a href="https://carnival.stakestone.io/" target="_blank" rel="noopener noreferrer nofollow">Omnichain Carnival</a> series campaign, which includes multiple waves distributing 6.5%+ of StakeStone’s total supply as rewards for STONE in use cases.&nbsp;
In the first wave, participants can earn rewards based on the amount of STONE they lock with StakeStone. Additionally, every participant receives an invitation code, enabling them to invite others and earn a 25% commission for each new joiner. A minimum deposit of 0.25 ETH is required, and participants will gain a 5% boost in future STONE ecosystem activities, accelerating their point accumulation to 105%. <a href="https://carnival.stakestone.io/" target="_blank" rel="noopener noreferrer nofollow">Early access</a> for Omnichain Carnival Wave One began on 27 March 2024 and will last for 4 days, offering an additional 15% boost for those who activate their accounts during this period. Once deposits start, deposit STONE to participate and share 3% of StakeStone’s total supply. The next three waves will involve community participation on our various partners’ platforms, such as Merlin, <a href="https://www.thecoinrepublic.com/2022/10/06/how-jeremy-ryan-became-an-nft-demon-on-the-bnb-chain/" target="_blank" rel="noopener noreferrer nofollow">BNB Chain</a>, Scroll, Manta Pacific, and more, with a key focus on education and extending STONE utility. Stakestone also plans to launch a Loyalty Points NFT system which we will announce more details later this year.
<h4 class="wp-block-heading">Find out more about the StakeStone Omnichain Carnival <a href="https://medium.com/@official_42951/stakestone-omnichain-carnival-6a4fc10ebe4f" target="_blank" rel="noopener noreferrer nofollow">here</a>.</h4>
<h4 class="wp-block-heading">About StakeStone</h4>
<a href="http://stakestone.io" target="_blank" rel="noopener noreferrer nofollow">StakeStone</a> is a leading liquidity infrastructure protocol that specializes in staking assets on risk-free underlying assets beyond the consensus layer, minting yield-bearing assets, and redistributing liquidity across chains and protocols. With its innovative architecture and commitment to transparency and optimized yields, StakeStone is dedicated to advancing the DeFi space by supporting the minting of assets like yield-bearing ETH and STONE ETH and establishing new standards for liquid assets. StakeStone’s relentless pursuit of transparency and maximized yields drive the evolution of liquid assets, cultivating a dynamic, ever-growing omnichain liquidity distribution network.
For more information on StakeStone, visit our website and follow our channels: <a href="https://stakestone.io/" target="_blank" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/Stake_Stone" target="_blank" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://medium.com/@official_42951" target="_blank" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://t.me/+afYqz2KG_YNlNzNl" target="_blank" rel="noopener noreferrer nofollow">Telegram </a> For Media Enquiries:
Ivan K official@stakestone.io Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to do their research and take any actions based on their findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com and all its authors do not and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

StakeStone Ushers In A New DeFi Era With Community-Centric Omnichain Airdrop Carnival

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