Binance Labs Invests in Staking Platform StakeStone

Binance Labs Invests in Staking Platform StakeStone

Binance Labs announced an investment in StakeStone, aiming to reshape omnichain liquidity with innovative staking solutions.

The Deets

  • Omnichain Liquidity: Connects liquidity across emerging chains and ecosystems.
  • Yield-Bearing Tokens: Utilizes STONE, a yield-bearing ETH token for native staking and liquidity on L2 networks.
  • Decentralized Architecture: Supports ETH POS, Eigenlayer restaking, and multiple emerging staking assets.
  • Efficient Liquidity Flow: Creates a two-sided market for liquidity providers and demanders.

The Bulk

Binance Labs, the investment branch of the global cryptocurrency exchange Binance, recently invested in StakeStone, a staking protocol designed to revolutionize the way liquidity is shared and staked across multiple blockchain networks. StakeStone introduces $STONE, a unique yield-bearing ETH token, to bring native staking yields and enhanced liquidity to Layer 2 (L2) networks.

StakeStone is known for its scalable architecture, which is capable of accommodating a wide variety of staking underlying assets. This includes ETH POS staking, Eigenlayer restaking, and any new staking asset types that may emerge, paving the way for a more interconnected and fluid multi-chain ecosystem.

In addition, StakeStone’s roadmap includes adapting to innovative underlying assets influenced by market dynamics, with a keen focus on specialized consensus mechanisms across Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN). 

🎤 Founder Feedback

Our mission with StakeStone is to build a foundational omnichain liquidity distribution network that not only enhances security and efficiency at various blockchain layers but also empowers users with seamless and optimized staking solutions.Charles K, Co-Founder of StakeStone

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