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StakeStone

Category: Restaking, LST (Liquid Staking Token)

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Overview

Total XP Rewards

80

Estimated Rewards

$50M

Funding

$22M

Current Stage

Season 1

Total value locked

$487M

Unique Users

-

Chains

chain imagechain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/4

TGE

-

Type

Restaking

Confirmed

No

Date

9 months ago

Introduction

  • StakeStone is an omni-chain LST (Liquid Staking Token) protocol aiming to bring native staking yields and liquidity to Layer 2s in a decentralized manner.
  • STONE is a non-rebase ERC-20 token that has the same mechanism with Lido's wstETH in terms of yield generation. Non-rebase implies that the balance of STONE in your wallet will not increase. 
  • StakeStone utilizes Layerzero’s solution to develop customized contracts, further enhancing STONE’s cross-chain compatibility.

Tasks

task-link

Visit https://carnival.stakestone.io/  

  • Connect your wallet.
  • Complete Sign in transaction.
task-link

Visit https://app.stakestone.io/u/stake  

  • Connect your wallet.
  • Deposit 0.1 ETH from Ethereum network, you will receive STONE.
task-link

Visit https://app.stakestone.io/u/bridge  

  • Connect your wallet.
  • Bridge your STONE to Scroll or Linea network.

  • Participate in Omnichain Liquidity Infrastructure to receive 6.5%+ of total supply airdrop.

     

task-link

Share your referral link to earn 25% referral rewards.

Fundamentals

  • Omni-chain Protocol: StakeStone operates as an omni-chain protocol, meaning it supports staking across multiple blockchain networks rather than being limited to a single chain.
  • Focus on Liquidity and Accessibility: By enabling liquidity provision alongside staking rewards, StakeStone enhances the accessibility and usability of staked assets.   
  • Liquid Staking Tokens (LST): The core innovation of StakeStone lies in its creation of Liquid Staking Tokens. These tokens represent staked assets on their respective chains while remaining liquid and tradable, allowing users to benefit from staking rewards without the typical lock-up period.
  • Decentralization: The project emphasizes decentralized governance and operation, ensuring that staking rewards and liquidity benefits are distributed fairly among participants.
  • Future Research and Developments: StakeStone likely plans to expand its protocol to integrate with various Layer 2 solutions, aiming to optimize scalability and transaction efficiency while maintaining robust security and decentralization.

Potential Rewards

  • StakeStone may allocate a fraction of its overall token supply for the purpose of airdrop rewards. The reward size and frequency will depend on the amount reserved for airdrops.
  • Rewards per individual will be influenced by the number of participants in farming activities. While a larger user base could mean less per head rewards, fewer participants can have bigger rewards for each.
  • The criteria for earning airdrop rewards will play an important role. For instance, users may need to stake some assets, liquidity provision or engage in governance activities to qualify for such rewards.
  • Rewards are influenced by how long the farming period is and how frequent distributions are, Shorter distribution could offer more immediate incentives while longer periods may potentially provide higher payouts over time.
  • The value of native tokens in StakeStone’s ecosystem could increase with increased demand and usage.
  • As a decentralized project, StakeStone might involve its community in governance decisions regarding airdrop rewards. This could include voting on reward distribution mechanisms, criteria and amounts.

Investors

  • Binance Labs
  • OKX Ventures

Audit

  • Slowmist

Features

  • Native Staking Yields for Layer 2s: The protocol is designed to integrate with Layer 2 scaling solutions, providing users with the ability to earn staking rewards directly on Layer 2 networks.
  • Cross-Chain Compatibility: StakeStone supports multiple blockchain networks, enabling users to stake their assets across different chains while receiving staking rewards. 
  • User Interface (UI) Enhancements: StakeStone is continuously improving its user interface to enhance user experience. This includes intuitive tools for staking, managing LSTs and interacting with decentralized applications (dApps) within the ecosystem.
  • Decentralized Liquidity Provision: StakeStone facilitates decentralized liquidity provision, enabling users to maintain liquidity of their staked assets.
  • Flexible Staking Options: The protocol offers flexible staking options, allowing users to choose from various staking pools and strategies. 
  • Community Governance: StakeStone incorporates decentralized governance mechanisms, allowing the community to participate in decision-making processes. This empowers users and aligns the protocol's development with the interests of its stakeholders.
  • Comprehensive Reward Distribution: StakeStone ensures that staking rewards are distributed fairly and efficiently. Users can easily track their rewards and understand how they are generated.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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