What Is StakeStone (STO)?

Key Takeaways

StakeStone is a decentralized protocol designed to improve how liquidity moves across different blockchain networks. 

StakeStone enables seamless cross-chain liquidity by using omnichain infrastructure and LayerZero technology.

It focuses on making assets like ether (ETH) and bitcoin (BTC) more usable in decentralized finance (DeFi) by addressing issues like fragmented liquidity, inefficient yield generation, and complex cross-chain operations.

What Is StakeStone?

StakeStone is a blockchain protocol that creates an "omnichain" liquidity infrastructure. This means it helps assets flow smoothly between different blockchains. The protocol aims to solve common problems in DeFi, where assets are often stuck in isolated networks, making it hard for users to move them or earn rewards efficiently.

The project introduces multiple services and tools, including:

STONE: A token that represents staked ETH and earns yields while remaining usable in DeFi.

SBTC and STONEBTC: Tokens that allow users to make their BTC liquid and yield-generating across multiple chains.

LiquidityPad: A platform that helps new blockchains attract and manage liquidity.

STO Token: A governance token that lets users vote on how the protocol operates.

How StakeStone Works

StakeStone operates through a combination of technical components and governance mechanisms. Below are some of its main features and how they function.

STONE: yield-bearing ETH

STONE is a token that represents staked ETH. When users deposit ETH into StakeStone, they receive STONE, which earns staking rewards while remaining usable in DeFi applications like lending or trading. This solves the problem of ETH holders having to choose between staking and DeFi participation.

STONE is designed as an Omnichain Fungible Token (OFT) using LayerZero, a technology that enables seamless movement across blockchains. Its price is set by the protocol’s smart contract, not decentralized exchanges (DEXs), which can create arbitrage opportunities if DEX prices differ.

#StakeStone #StoneBTC