[PRESS RELEASE – Virgin Islands, British, June 14th, 2023]
StakeStone introduces a novel paradigm by minting the LSDb (Liquidity Staking derivatives basket) token, known as STONE, a powerful yield-bearing token with exciting possibilities. Compared to other LSTs, STONE is more compatible with underlying assets, making it a choice worth taking a good look at.
Key Features of STONE include:
1. Competitive Yields: STONE integrates mainstream staking pools, Re-staking, and LSD’s blue-chip DeFi strategy yield, allowing for the potential of competitive returns.
2. Enhanced Application Adaptability: STONE demonstrates superior adaptability to various applications with a stable casting mechanism and a non-rebase token structure.
3. Full Decentralization: StakeStone ensures a fully decentralized ecosystem.
For stakers, StakeStone is designed to help users maximize the efficiency of ETH balances in the most effective manner. Optionally, these balances can be further leveraged to provide liquidity across different protocols and scenarios, thereby increasing the potential to generate multi-layered returns and improve capital efficiency.
For builders of LST-backed protocols, StakeStone offers a comprehensive and modular approach, avoiding duplication in development efforts.
Previously funded by HashKey Capital, StakeStone provides a platform for one-stop staking. To learn more about StakeStone and its services, please visit https://stakestone.io.
About StakeStone
StakeStone is a one-stop staking protocol for connecting liquidity. StakeStone’s LSDb(Liquidity Staking Derivatives basket) token, STONE, is a yield-bearing ETH with limitless staking possibilities.
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