STAKESTONE (STONE) – Multi-chain Liquid Staking protocol paving the way for LSDfi
In the context of LSD (Liquid Staking Derivatives) becoming the dominant trend of DeFi post-The Merge, StakeStone emerges as one of the most notable projects today, aiming to build a multi-chain Liquid Staking infrastructure (Omnichain LSD) for the Web3 ecosystem.
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1. What is StakeStone?
StakeStone is an Omnichain Liquid Staking protocol that allows users to stake ETH to receive STONE tokens – a non-rebase LSD token that can be flexibly used across multiple blockchains. The project focuses on addressing liquidity issues, interoperability, and capital efficiency in the DeFi space.
STONE is designed to operate efficiently across multiple chains via LayerZero – the leading multi-chain information communication platform today.
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2. Key Highlights of StakeStone
a. Non-Rebase Token (STONE)
STONE does not change the number of tokens when staking profits increase, allowing STONE to be easily integrated into DeFi protocols such as lending, yield farming, or derivatives trading – which is difficult to achieve if using rebase tokens like stETH.
b. Omnichain Bridging Feature
Thanks to LayerZero, STONE can smoothly move across multiple blockchains such as Ethereum, Arbitrum, Base, Linea, BNB Chain, Mantle,… This helps solve the problem of fragmented liquidity in traditional LSD ecosystems.
c. OPAP Mechanism – Optimizing Portfolio and Allocation Proposal
StakeStone implements a special governance mechanism, allowing the community to vote on asset allocation to various validators or staking services. This both helps diversify risk and optimize profits.
d. Integrating Restaking
StakeStone supports protocols like EigenLayer, allowing users to restake STONE to increase capital efficiency and optimize staking rewards.
e. STONE-Fi – DeFi ecosystem revolving around STONE
The project aims to develop a suite of DeFi products revolving around the STONE token such as DEX, lending protocol, stablecoin,… helping users maximize the value of their staking assets without needing to unstake.
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3. Major partners & investors
• Binance Labs: One of the largest investment funds in the crypto market, has announced a strategic investment in StakeStone.
• YZI Labs: A well-known investment fund supporting early-stage LSDfi and DeFi projects.
• Additionally, LayerZero, EigenLayer,… are key technology partners of the project.
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4. Expanding Ecosystem
STONE has now been integrated with many dApps on different chains:
• Lending: such as Moonwell, Ionic Protocol
• DEX: such as Mantiswap, PancakeSwap, Izumi Finance
• DeFi Aggregator: such as Merlin
• Other emerging LSDfi protocols in the Ethereum and L2 ecosystem.
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5. Overview of STONE token and tokenomics
Token Name: StakeStone
Ticker: STONE
Blockchain: Ethereum
Token Standard: ERC-20
Contract:0x7122985656e38BDC0302Db86685bb972b145bD3C
Total Supply: 1,000,000,000 $STO
Circulating Supply: Updating
The total supply of STONE tokens is distributed as follows:
Investor: 21.5% – Allocated to strategic investors in funding rounds.
Foundation: 18.65% – Supporting the long-term operation of the platform and ecosystem development.
Community: 17.87% – Allocated for community activities, user development, and interaction campaigns.
Team: 15% – Rewards for the development team and core personnel, encouraging long-term contributions.
Marketing & Partnerships: 9.13% – Serving marketing campaigns, communications, and establishing partnerships.
Airdrop & Future Incentives: 7.85% – Allocated for airdrop programs and future community rewards.
Liquidity: 6% – Supporting liquidity for exchanges and integrated DeFi protocols.
Ecosystem and Treasury: 4% – Reserve fund for ecosystem development activities.
This allocation structure shows that StakeStone focuses quite heavily on investors, the team, and the community – creating a balance between product development, ecosystem expansion, and encouraging user participation.
STO token vesting schedule
Utility of STO token
Is a non-rebase yield-bearing asset representing staked ETH.
Used to provide liquidity, participate in STONE-Fi, restake on protocols like Zircuit, Mode.
Can continue to lock STONE to receive G-NFT (the project has not disclosed the use case for this NFT).
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6. Development Roadmap
StakeStone has successfully implemented:
• LSD protocol for ETH.
• Multi-chain bridge.
• STONE airdrop program.
• Expanding to new blockchains and integrating with DeFi protocols in Lending, Derivatives, Stablecoins,…
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7. Why should you follow StakeStone?
• The project is backed by leading names.
• Strong technical infrastructure, supporting restaking and multi-chain bridging.
• High scalability thanks to the OPAP mechanism & non-rebase model.
• Leading the Omnichain LSDfi wave, a trend expected to explode in 2025.
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Conclusion:
With a solid technical foundation, flexible mechanism, and strong expanding ecosystem, StakeStone is gradually reshaping the traditional LSD market. This is a project worth following, especially if you are interested in DeFi, staking, and the multi-chain LSDfi trend.