StakeStone | Omni-chain Liquidity Infrastructure

StakeStone is a liquid staking infrastructure that combines omnichain liquidity with automatically optimized staking rewards. It offers liquid staking assets such as STONE for ETH, and SBTC (liquid BTC) and STONEBTC (yield-bearing BTC) for BTC. Furthermore, it provides a nascent ecosystem support platform called LiquidityPad, and STONE-Fi pools as additional investment destinations, creating complex DeFi earning opportunities.

• STONE: ETH's liquid staking token, a "yield-bearing ETH" that automatically reflects staking rewards.
• SBTC and STONEBTC: SBTC is a token that liquidates BTC on multiple chains, and STONEBTC is a "yield-bearing BTC" that automatically optimizes rewards earned from various DeFi, CeDeFi, and RWA (Real World Assets).

StakeStone employs advanced architecture centered around these liquid staking assets, enabling omnichain accessibility, strategy optimization through governance (OPAP), and instant withdrawals (utilizing a native liquidity base).

Official documentation is here

1. Omnichain Compatibility and Deep Liquidity

Built as an OFT (Omnichain Fungible Token) using LayerZero, it allows for seamless movement of STONE, SBTC, and STONEBTC across multiple chains while bridging. Furthermore, by leveraging native PMM (Proactive Market Maker) technology, it achieves instant withdrawals and low slippage on each chain.

2. Automatically Optimized Staking Rewards

StakeStone dynamically adjusts multiple staking and re-staking destinations through a governance mechanism called OPAP (Optimizing Portfolio and Allocation Proposal). Users simply hold STONE or STONEBTC, and staking rewards are automatically optimized by default.

3. Further Expansion of Liquid Staking

While existing LSTs (Liquid Staking Tokens) are often limited to certain chains or protocols, StakeStone envisions a wide range of next-generation use cases such as ETH staking + re-staking and BTC liquidation + multi-chain DeFi integration. It is designed to be compatible with reward sources such as DePIN decentralized physical infrastructure, AI-related, and RWA real assets such as real estate and government bonds in the future.

4. On-chain Token Price Linking

Unlike prices on DEXs and information platforms, StakeStone's protocol uses prices calculated by smart contracts, and when using the protocol, it's always possible to exchange for ETH or BTC at this on-chain price. This allows users to enter and exit at stable rates without worrying about price discrepancies due to lack of liquidity on DEXs.

5. Expanding Diverse Use Cases

By depositing STONE (ETH) or STONEBTC into STONE-Fi pools, users can receive LP tokens and aim for additional rewards, gaining complex earning opportunities beyond just staking rewards. It is also expected to be used in various applications such as payment methods, CDP collateral, and GameFi.

Benefits

• Automated Compounding: Automatic yield maximization through optimal staking and re-staking via OPAP.
• Omnichain Instant Withdrawal: Mitigates DEX liquidity shortage risk through PMM technology.
• Benefits for BTC Users: Enables multi-chain operation of BTC assets with SBTC/STONEBTC.
• Support for Emerging Projects through LiquidityPad: Early participation incentives for users.
• High Transparency: Price and operational status can be confirmed on the smart contract.

• STONEETH: Yield-bearing ETH issued upon ETH deposit. The price is calculated as "total deposited ETH amount / STONE supply" within the protocol.
• SBTC: Index-type wrapped BTC. Designed to allow 1:1 withdrawal of BTC.
• STONEBTC: BTC token that reflects re-staking rewards and DeFi yields, obtained by depositing SBTC.
• LiquidityPad: When users deposit STONE, ETH, USDC, etc., into the Vault, LP tokens are issued, which can then be used for DeFi utilization and governance voting.

StakeStone's LiquidityPad is an omnichain-compatible liquidity issuance platform that provides an easy way for protocols in emerging blockchain and L2 ecosystems to launch the solutions they need to acquire flexible and diverse liquidity. It is possible to create and operate Vaults tailored to the liquidity needs of various ecosystems, DeFi protocols, and RWA (Real World Asset) projects, mainly in the following ways:

1. Vault Curators and Investment Destinations

Many of the Vaults in LiquidityPad are curated (issued) by emerging projects and ecosystems for the purpose of securing liquidity, and users deposit their assets into them. StakeStone itself may also co-host Vaults for high-growth potential projects in collaboration with carefully selected strategic partners.

• Curators: Projects/Ecosystems seeking to raise liquidity.
• Destination of Funds: The assets deposited by users into the Vault are allocated to strategies defined for each Vault, such as building the project's ecosystem, providing DeFi liquidity, and investing in RWA.

2. Target Projects and Use Cases

1. Pre-Mainnet (Before Mainnet Launch)
   By securing liquidity in advance before launch, token issuance and TVL securing in DeFi protocols can be done smoothly.
   Examples)

• A new L2 collects ETH and USDT, etc. before launch to utilize for initial liquidity at the time of operation.
• An RWA protocol allocates funds to secure off-chain assets such as real estate and government bonds.

1. Post-Mainnet (After Mainnet Launch)
   Already launched blockchains and protocols can also leverage LiquidityPad to further expand liquidity and optimize asset management.
   Examples)

• Emerging DeFi protocols collect assets such as BTC and USDC via LiquidityPad to acquire deep pool liquidity.
• Combined with additional leverage strategies and staking reward improvement measures to provide attractive rewards to participating users.

3. How to Participate

Users can potentially earn incentives and rewards offered by projects and StakeStone partners by depositing supported assets into active Vaults on LiquidityPad. Information on new Vault releases will be announced regularly on StakeStone's official channels (Twitter, Telegram, Medium, etc.).

4. Supported Assets

In addition to STONE, SBTC, and STONEBTC developed by StakeStone, flexible support for multi-chain compatible assets such as ETH, WETH, WBTC, BTCB, LBTC, FBTC, USDT, and USDC is planned. Supported assets are specified for each Vault, so users can choose and participate in Vaults that match the assets they hold.

5. Utilization of LP Tokens

When users deposit assets into LiquidityPad Vaults, corresponding LP tokens are issued. These tokens represent the user's share of the Vault and can be used across Ethereum DeFi, including DEXs such as Uniswap and Curve, lending platforms such as Aave and Morpho, and yield optimization with Pendle. This means that in addition to simply depositing into the Vault, users can expect further yield gains by using LP tokens as collateral or for additional investments.

6. Benefits for Users

• Early Participation Incentives: Possibility of receiving benefits such as token airdrops, additional rewards, and NFTs offered by projects and ecosystems.
• Multiple DeFi Utilization Routes: Ability to earn additional returns by utilizing issued LP tokens in other protocols.
• Balance of Safety and Liquidity: The liquidity shortage risk common in emerging projects is mitigated to a certain extent by StakeStone's omnichain liquidity base and PMM.
• Overall Ecosystem Growth: By depositing their assets, participants can contribute to supporting and growing early-stage projects, securing future profits and contributing to community building.

Airdrop Procedure Explanation

When participating in LiquidityPad

1. Access the official website from here and connect your wallet.
2. Select the LiquidityPad you want to deposit into.
3. Stake.

When participating in LiquidityPad

1. Access the official website from here and connect your wallet.
2. Select the LiquidityPad you want to deposit into.
3. Stake.