Overview
StakeStone is a decentralized liquidity protocol that provides liquid staking services for major cryptocurrencies, primarily Ethereum (ETH) and Bitcoin (BTC). By issuing liquid staking tokens—STONE for ETH and SBTC for BTC—StakeStone enables users to stake their assets while retaining liquidity, allowing participation in decentralized finance (DeFi) activities without forfeiting staking rewards.
Key Features
Liquid Staking Tokens
StakeStone issues liquid staking tokens representing staked assets:
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STONE (ETH): A yield-bearing liquid version of staked ETH, allowing holders to earn staking rewards while utilizing their assets within the DeFi ecosystem.
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SBTC (BTC): A liquid representation of BTC, designed to provide robust omnichain liquidity and facilitate BTC asset trading across various blockchain networks.
Omnichain Compatibility
Built on LayerZero’s Omnichain Fungible Token (OFT) standard, StakeStone’s tokens can be seamlessly bridged across multiple blockchain networks. This cross-chain compatibility enhances the accessibility and utility of staked assets, allowing users to engage with diverse DeFi platforms.
Adaptive Staking Network
StakeStone’s adaptive staking network supports prominent staking pools and is poised for future restaking functionalities. This scalable architecture ensures that the platform can adapt to evolving blockchain technologies and user needs, providing a robust foundation for liquid staking services.
Developer Integration
The platform offers an open developer hub with smart contracts, APIs, and SDKs, empowering developers to construct yield-bearing assets and integrate StakeStone’s functionalities into their applications. This fosters innovation and expands the ecosystem’s reach.
Strategic Partnerships
Collaboration with Berachain
In August 2024, StakeStone announced a strategic partnership with Berachain, an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain. As part of this collaboration, the STONE token was deployed on Berachain’s bArtio testnet, enabling users to leverage StakeStone’s liquid assets—including STONE, ssBTC, and STONEBTC—within the Berachain ecosystem. This integration allows participants to engage with Berachain’s decentralized applications while earning additional revenue.
Integration with Sonic
StakeStone has integrated with Sonic to enhance liquidity and unlock new yield opportunities for users. This partnership enables users to earn yield through StakeStone’s assets on the Sonic platform, further expanding the utility and accessibility of StakeStone’s liquid staking tokens.
Partnership with Plume Network
In November 2024, StakeStone partnered with Plume Network to unlock new potential yields across Real World Asset Finance (RWAfi) and liquid staking assets. This collaboration aims to redefine how users interact with liquid staking and RWAfi, providing enhanced yield opportunities for both RWA enthusiasts and liquid staking participants.
Funding and Investments
In November 2024, StakeStone secured a $22 million investment round led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures. This funding aims to accelerate StakeStone’s growth, expand its product offerings, and strengthen its presence in key markets.
Future Developments
StakeStone is preparing to unveil a payment product featuring flexible savings accounts powered by the yield-bearing liquid asset STONE, along with a Buy-Now-Pay-Later (BNPL) option. Developed with MegaETH’s real-time processing capabilities, this product is designed to establish a sustainable model that drives real-world utility and supports mass adoption.
