StakeStone has successfully closed a $22 million investment round, with Polychain Capital leading the funding. Strategic investments were also made by Binance Labs and OKX Ventures, alongside participation from SevenX, Nomad Capital, HashKey Capital, Amber Group, and other prominent investors. This capital injection will accelerate StakeStone's expansion of product offerings and market presence.
Key Developments and Product Roadmap
1. Omnichain Liquidity Infrastructure
StakeStone is pioneering yield-bearing liquid ETH/BTC solutions through an adaptive staking network. Its flagship products include:
- SBTC: An index-based liquid BTC for cross-chain utility.
- STONEBTC: Yield-generating liquid BTC designed for EVM and multi-chain ecosystems.
2. Strategic Ecosystem Partnerships
Collaborations with Berachain, Movement Labs, Pendle, and AAVE DAO aim to deploy high-efficiency liquidity, driving adoption across DeFi protocols.
3. Upcoming Payment Innovations
StakeStone is set to launch:
- Flexible savings accounts powered by STONE (yield-bearing ETH).
- Buy-Now-Pay-Later (BNPL) functionality, enabled by MegaETH’s real-time processing.
Leadership Insights
Charles K, Co-founder of StakeStone:
"Partnering with Polychain Capital, Binance Labs, and OKX Ventures allows us to redefine omnichain liquidity infrastructure. Our focus extends to real-world adoption through RWAFi and PayFi solutions."
Olaf Carlson-Wee, CEO of Polychain Capital:
"StakeStone’s integration of omnichain liquidity with high-performance networks is transformative for crypto’s future."
Ben Lakoff, Bankless Ventures:
"Their approach to decentralized liquidity aligns with our mission to scale Web3 infrastructure."
StakeStone’s Vision
Core Objectives:
- Standardize liquid assets with stability and yield generation.
- Optimize omnichain liquidity redistribution via on-chain governance.
- Enhance DeFi accessibility through real-world financial products.
👉 Explore StakeStone’s latest innovations
FAQs
Q1: What makes StakeStone’s liquid ETH/BTC unique?
A1: StakeStone’s assets combine stability with native yield, leveraging adaptive staking strategies for risk-adjusted returns.
Q2: How will the funding be utilized?
A2: Funds will expand product lines (including BTC solutions), enhance partnerships, and develop PayFi applications.
Q3: Which ecosystems does StakeStone prioritize?
A3: Key focus areas include Berachain, Monad, and EVM-compatible Layer 2 networks.
Q4: When will the BNPL feature launch?
A4: The payment suite, including BNPL, is slated for release in late 2024.
👉 Learn more about StakeStone’s ecosystem
Disclaimer: This content is for informational purposes only. Conduct independent research before making financial decisions.