DeFi

Bitcoin

Enhance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-labs-invests-in-stakestone-to-enhance-omnichain-liquidity/" data-wpel-link="internal">Binance Labs Invests in StakeStone to Enhance Omnichain Liquidity</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/binance-announces-launch-of-new-trading-pairs/" data-wpel-link="internal">Binance</a></strong> has become an autonomous organization after separating from the Binance exchange and announced its investment in StakeStone (STONE), a staking protocol aimed at facilitating omnichain liquidity distribution. StakeStone, designed to bridge omnichain liquidity and provide staking opportunities to emerging blockchain networks and ecosystems, focuses on future restaking yields and is designed to provide liquidity to networks, aiming to create a revolution in the decentralized finance (<a href="https://en.coin-turk.com/crypto-winter-hits-the-defi-ecosystem-reaches-the-lowest-level-in-two-years/" data-wpel-link="internal">DeFi</a>) infrastructure.</p> 
<h2 style="text-align: justify" id="strong-praise-for-the-project-from-binance-s-co-founder-strong"><strong>Praise for the Project from Binance’s Co-Founder</strong></h2> 
<p style="text-align: justify">Yi He, Co-Founder of Binance and President of Binance Labs, expressed excitement about StakeStone’s innovative approach to omnichain liquidity distribution. Furthermore, He emphasized the project’s potential to increase participation in the DeFi sector.</p> 
<p style="text-align: justify">Charles K, Co-Founder of StakeStone, highlighted the protocol’s commitment to creating a sustainable, decentralized omnichain liquidity distribution network. StakeStone plans to adapt to innovative fundamental assets based on market dynamics by focusing on special consensus mechanisms such as artificial intelligence (AI) technology and a decentralized physical infrastructure network (DePIN). The protocol also aims to expand liquidity distribution channels and explore inclusion in the <a href="https://en.coin-turk.com/record-broken-in-active-bitcoin-supply/" data-wpel-link="internal">Bitcoin</a> (BTC) network.</p> 
<h2 style="text-align: justify" id="strong-what-is-stakestone-strong"><strong>What is StakeStone?</strong></h2> 
<p style="text-align: justify">StakeStone recently introduced the STONE token, indexed to yield-generating ETH, to enable native staking yields and liquidity provision on Layer 2 (L2) networks.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-332792" src="https://coin-turk.com/wp-content/uploads/2024/03/Binance-Labs-StakeStone-STONE-Altcoin.png" alt="" width="1572" height="870"></p> 
<p style="text-align: justify">The architecture of the protocol stands out for its high scalability, hosting various staking fundamental assets, including ETH staking and emerging types of staking assets. Focused on creating a self-reinforcing, two-sided market, StakeStone aims to optimize liquidity distribution within the network, promoting efficient and frictionless liquidity flow across multiple chains.</p> 
<p style="text-align: justify">Unlike traditional approaches based on multi-signature wallets, StakeStone prioritizes transparency for underlying assets and yields. The architecture of the protocol supports multiple underlying assets and adjusts its contract according to market demands, leading the way for a decentralized solution for liquid staking. StakeStone utilizes the Optimized Portfolio and Allocation Proposal (OPAP) mechanism to allow STONE token holders to effortlessly receive optimized staking yields.</p> 
<p style="text-align: justify">As the first liquidity infrastructure protocol, StakeStone aims to establish a continuously expanding and evolving omnichain liquidity distribution network by connecting application layers (L1s and L2s) and consensus layers. The support from Binance Labs underscores the importance of StakeStone’s vision to create a revolution in the DeFi world and promote innovation in the cryptocurrency sector. With the support of Binance Labs, StakeStone is now stronger to make significant advancements in omnichain liquidity distribution and contribute to the ongoing development of DeFi.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-labs-invests-in-stakestone-to-enhance-omnichain-liquidity/" data-wpel-link="internal">Binance Labs Invests in StakeStone to Enhance Omnichain Liquidity</a></h5>

Binance Labs Invests in StakeStone to Enhance Omnichain Liquidity

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