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StakeStone Launches Vault for Staking Assets on Berachain

StakeStone opens a vault for users to stake assets on Berachain, offering liquidity rewards, governance tokens, and more.

Table Of Contents

StakeStone Launches Berachain Vault
How to Use Berachain Vault
Rewards from Berachain Vault
Conclusion
FAQs

StakeStone Launches Berachain Vault

StakeStone, a cross-chain liquid staking solution for ETH and BTC, has extended its support to Berachain by opening a vault for staking two tokens: beraSTONE and beraSBTC. This new vault gives early access to Berachain, one of the highly anticipated Layer-1 projects in the crypto space. By staking in the vault, users can explore early products built on Berachain, such as Boyco, which offers liquidity support for projects on the network. Users can also contribute to the Proof of Liquidity mechanism of Berachain and get rewards included in their points gathering.

With Berachain Vault, the liquidity providers get the following rewards: reward points of Berachain and Boyco, airdrop tokens, StakeStone staking and restaking rewards, and future PoL benefits. Currently, beraSTONE is available, but shortly, the second token, beraSBTC, will go online. In addition to it, both tokens are supposed to be integrated with different DeFi solutions on Berachain, enabling the user for new opportunities to optimize their investment strategies.

How to Use Berachain Vault

Step 1: Connect your wallet to StakeStone here, then convert ETH, WETH, or STONE on Ethereum to beraSTONE. Users can receive an additional 10% Bera-Wave Points by entering a referral code from others.

Step 2: Deposit your assets into the Berachain Vault to start accumulating Bera-Wave Points. Note that the Berachain Vault is hosted on the Ethereum network.

Users can also leverage beraSTONE to provide liquidity on other DeFi platforms. StakeStone allows flexible swaps between beraSTONE/beraSBTC and other assets through DEX exchanges. The vault will remain active until Berachain’s mainnet updates.

Rewards from Berachain Vault

StakeStone has allocated 8.25 million STO for rewarding holders of Bera-Wave Points. These can be earned either by holding the two tokens-namely, beraSTONE and beraSBTC-or by trading these tokens using a referral code.

Here’s how that works:

1 Bera-Wave Point for each beraSTONE held per hour
25 Bera-Wave Points for each beraSBTC held per hour
Until Boyco’s launch, the reward points will be doubled for holders of beraSTONE and beraSBTC.

Users will also be able to multiply their Bera-Wave Points by up to 5-6 times by providing liquidity for the two tokens on Uniswap, Pendle, and Morpho in the future. Referral rewards are also included with Bera-Wave Points, whereby referrers earn up to 20% of invitees’ total points, and new users who enter a referral code will get an extra 10% of the points.

In addition, StakeStone will also provide STO tokens for Boyco and other projects in the Berachain ecosystem to further enhance the reward structure for Vault participants. Besides, users can enjoy airdrops from Berachain as they interact with the chain’s ecosystem.

Conclusion

In summary, the partnership between StakeStone and Berachain opens up exciting opportunities for users to engage with a cutting-edge Layer-1 blockchain. The Berachain Vault offers liquidity providers a chance to earn significant rewards while supporting the growth of a promising project. With Berachain’s innovative Proof of Liquidity consensus mechanism and high EVM compatibility, the network is poised to become a key player in the blockchain space.

CoinCu believes that the Berachain Vault on StakeStone provides a unique opportunity for crypto enthusiasts to earn rewards while contributing to the success of Berachain. With its focus on liquidity, decentralization, and user incentives, Berachain has the potential to become an important network in the decentralized finance space.

FAQs

1. What is the Berachain Vault on StakeStone?

The Berachain Vault on StakeStone allows users to stake assets like beraSTONE and beraSBTC, earning rewards and participating in Berachain’s ecosystem, including liquidity pools and governance.

2. How do I participate in Berachain Vault?

To participate, connect your wallet to StakeStone, convert your assets to beraSTONE, and deposit them into the Berachain Vault to begin earning Bera-Wave Points and other rewards.

3. What rewards can I earn from using Berachain Vault?

Participants can earn Bera-Wave Points, airdrop tokens, staking rewards, and potentially up to 5-6 times the rewards by providing liquidity on DeFi platforms like Uniswap and Pendle.

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.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.