📝 Hello everyone, I am 𝟏𝟎, welcome back to the #BlockchainDevelopmentHistory project research series. Today, we will focus on (StakeStone).

StakeStone is a brand new platform that allows you to earn returns through ETH staking. By integrating ETH staking rewards and DeFi strategies, it provides highly liquid, cross-chain available staking derivatives, releasing and utilizing liquidity for users.

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1. Introduction to the StakeStone Project

1 / What is StakeStone

StakeStone belongs to the liquid staking sector, offering users a more flexible staking experience. The limitations of locked funds in traditional staking have gradually been eliminated, while StakeStone's cross-chain compatibility and OPAP automatic yield optimization mechanism support staking across multiple blockchains.

Compared to similar projects like Lido and Rocket Pool, StakeStone excels in cross-chain compatibility and liquidity, unlocking more use cases and yield opportunities for users, truly maximizing the value of staking.

2 / Financing Situation

StakeStone has completed $22 million in financing, led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures. The earlier seed round was led by SevenX, with well-known institutions such as Nomad Capital, HashKey Capital, Amber Group, and Bankless Ventures participating.

2. Problems Addressed by StakeStone

1. Balance of Liquidity and Yield

The biggest problem with traditional staking is that funds are locked and cannot be used at any time. However, StakeStone's yield-bearing Ethereum solves this problem! It not only earns staking rewards but also maintains asset liquidity, allowing you to use it whenever you want.

2. Automated Yield Optimization

Many users may not have the time or expertise to optimize staking strategies. StakeStone's OPAP mechanism will automatically adjust asset allocation to ensure you receive the best returns.

3. Simplified Integration

For Layer 2 developers, integrating liquid staking can be cumbersome. StakeStone simplifies the integration process by using LayerZero-based OFT (cross-chain tokens), reducing complexity.

4. Cross-Chain Compatibility

Currently, many blockchains coexist, and users need to transfer assets between different chains. StakeStone addresses the seamless transfer of assets across multiple blockchains by creating a multi-chain liquidity market based on STONE.

5. Transparency and Security

StakeStone ensures that all transactions and asset statuses are publicly verifiable through a decentralized, non-custodial architecture, providing complete asset control, transparency, and security, safeguarding user funds.

3. How StakeStone Works

StakeStone provides a flexible and automated staking method, allowing users to stake ETH or other assets to receive corresponding LST (like STONE tokens) and enjoy staking rewards. Through the OPAP mechanism, StakeStone automatically adjusts asset allocation based on market conditions, ensuring that STONE holders can obtain optimal staking rewards without manual operation.

STONE is an OFT based on LayerZero that supports cross-chain liquidity, meaning you can freely transfer assets between different blockchain networks, broadening market opportunities. For example, you can stake ETH on Ethereum to receive stETH (a liquid staking certificate) and then re-stake stETH on other platforms to earn additional returns. In this way, your assets become like a nested doll, layered and stacked, creating more opportunities.

The value of STONE rises with the growth of ETH staking rewards, but the number of tokens is fixed, facilitating integration with the DeFi ecosystem and avoiding frequent operations. Similar to Lido's wstETH, the value of STONE will rise as staking rewards increase, without the need for users to perform frequent operations.

4. StakeStone Ecosystem Development

As a liquidity infrastructure, StakeStone not only focuses on the liquidity of ETH but also sets sights on Bitcoin, aiming to integrate BTC into its liquidity allocation network. StakeStone has a unique advantage in the liquidity distribution of Bitcoin, feeling that it has almost seized the initiative in this market. This has also led it to reach deep cooperation with some large projects, gradually building a powerful ecosystem.

5. Conclusion

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