Key Points:
StakeStone, a liquid staking and omnichain liquidity infrastructure protocol for emerging ecosystems, has announced the completion of a $22 million funding round led by Polychain Capital.
This funding round includes strategic investment from Binance Labs and OKX Ventures; a seed round led by SevenX; and participation from investment funds such as Nomad Capital, HashKey Capital, HashKey Cloud, Amber Group, Coinsummer, Bankless Ventures, DAO5, Symbolic Capital, Arcane Group, Quantstamp, and others.
Read more: StakeStone Review: Omnichain Liquid Staking Solution
StakeStone is an Omnnichain Liquid Staking protocol developed to provide staking and restaking solutions for Layer 2s. The project allows users to stake ETH in return for the liquid staking token STONE issued by this protocol.
STONE is a non-rebase ERC-20 token with a yield-generating mechanism similar to Lido’s wstETH. STONE is also an OFT (Omnichain Fungible Token) developed based on LayerZero technology. This feature allows STONE to be easily and seamlessly moved between different blockchains.
The newly raised $22 million is expected to help StakeStone address future product growth issues, including:
Notably, StakeStone’s latest fundraising saw Binance Labs invest in the project for the second time, following the first investment in March 2024.
Currently, EigenLayer can be said to be the pioneering project introducing the restaking model to the cryptocurrency community with funding of up to 100 million USD from the investment fund a16z crypto.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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