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SirWin
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SirWin

StakeStone draws interest with community-centric Omnichain Carnival

Press Releases
StakeStone draws interest with community-centric Omnichain Carnival

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

StakeStone captures the defi community’s attention with its Omnichain airdrop carnival, setting a new standard in staking assets and liquidity distribution across multiple chains.

StakeStone, the liquidity infrastructure protocol, introduces a new approach to staking assets and liquidity distribution. As the first in its field, StakeStone has made significant strides in the DeFi space by focusing on staking assets on risk-free underlying assets beyond the consensus layer, minting yield-bearing assets like yield-bearing ETH and STONE ETH, and redistributing liquidity across chains and protocols. 

With a total minting volume surpassing 340,000, StakeStone stands at the forefront of creating an omnichain liquidity distribution network that continuously evolves by integrating application and consensus layers.

StakeStone’s unique selling proposition lies in its architecture that supports multiple staking underlying assets, including ETH PoS staking and Eigenlayer restaking. Designed for scalability and compatibility with emerging staking asset types, StakeStone’s Optimizing Portfolio and Allocation Proposal (OPAP) mechanism aims to ensure transparency and optimized yields for STONE holders. 

This positions StakeStone as a leading contender in decentralized liquid staking solutions. Moreover, its role as an application layer liquidity marketplace addresses the growing demand for liquidity in the multi-chain era, creating a dynamic marketplace for liquidity providers and demanders.

StakeStone garners attention

At the heart of StakeStone’s journey in reshaping the landscape of decentralized finance are their steadfast backers, influential ecosystem partners, and an expanding community.

With the backing of investors like Binance Labs and OKX Ventures, the project navigates the complexities of the crypto world. Their ecosystem partners, including leading DeFi protocols and cross-chain bridges such as Mode, Manta, BNB Chain, and Bitget Wallet, enrich the platform’s capabilities, making solutions more robust and accessible. 

Through deep collaborations with the ETH ecosystem, BTC ecosystem, and various emerging ecosystems, StakeStone has accumulated over 340,000 ETH and engaged with 100,000+ users in liquidity distribution. At the same time, StakeStone is also exploring the creation of STONE BTC to incorporate BTC liquidity into its distribution network.

StakeStone’s Omnichain Carnival

StakeStone has announced the launch of their Omnichain Carnival series campaign, which includes multiple waves distributing 6.5%+ of StakeStone’s total supply as rewards for STONE in use cases. 

In the first wave, participants can earn rewards based on the amount of STONE they lock with StakeStone. Additionally, every participant receives an invitation code, enabling them to invite others and earn a 25% commission for each new joiner. A minimum deposit of 0.25 ETH is required and participants will gain a 5% boost in future STONE ecosystem activities, accelerating their point accumulation to 105%.

Early access for Omnichain Carnival Wave One began on 27 March 2024 and will last for 4 days, offering an additional 15% boost for those who activate their accounts during this period. Once deposits start, users can deposit STONE to participate and share 3% of StakeStone’s total supply.

The next three waves will involve community participation on their various partners’ platforms such as Merlin, BNB Chain, Scroll, Manta Pacific, and more, with a key focus on education and extending STONE utility. Stakestone also plans to launch a Loyalty Points NFT system which they will announce more details later this year.

Find out more about the StakeStone Omnichain Carnival here.

To learn more about StakeStone, visit their website, Twitter, Medium, or Telegram.

About StakeStone

StakeStone is a liquidity infrastructure protocol that specializes in staking assets on risk-free underlying assets beyond the consensus layer, minting yield-bearing assets, and redistributing liquidity across chains and protocols. With its architecture and commitment to transparency and optimized yields, StakeStone is dedicated to advancing the DeFi space by supporting the minting of assets like yield-bearing ETH and STONE ETH and establishing new standards for liquid assets. StakeStone’s relentless pursuit of transparency and maximized yields drive the evolution of liquid assets, cultivating a dynamic, ever-growing omnichain liquidity distribution network.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.