⚡️ StakeStone x Plume | Binance OKX dual investment dark horse project What is the Vault product launched by StakeStone——
Is it worth getting involved and how?
Stakestone @Stake_Stone is the strongest dark horse invested by Binance + OKX. It is the only staking protocol that I have been with all the way, and it is also the main destination for my current Ethereum staking.
In addition to generating revenue more easily and conveniently, Stone can actually provide us with a wider range of use cases and revenue opportunities;
I think StakeStone is a very good place for many friends who don’t have much time to study but want to participate in staking to get Ethereum income.
In addition, the tokens in this track have basically been issued recently, and the StakeStone community has also received airdrop signals recently, which should mean that the token issuance is not far away, so I am more concerned about the recent activities;
I have written several articles about StakeStone before when I was doing my own staking research;
1️⃣What exactly is StakeStone?
As a full-chain liquidity asset protocol, StakeStone allows users to stake their crypto assets (such as Ethereum) into different protocols to obtain staking returns while maintaining the liquidity of their assets.
Compared with numerous LRTs, which lead to liquidity fragmentation, StakeStone uses the OPAP mechanism to optimize the asset allocation in its strategy pool, ensuring that STONE holders can automatically and easily obtain the most optimized staking returns.
Through LayerZero technology, STONE, as an Omnichain Fungible Token (OFT), can flow seamlessly across multiple blockchain networks, improving the liquidity of assets and the potential for users to earn income. Stone hopes to mint only one LRT with the highest credit rating that can be used as a cross-chain interest-bearing Ethereum liquidity standard by only doing POS income + blue chip AVS income; so that STONE can maximize the opportunity cost of covering ETH, so that L2 and new public chains can continue to build ecosystems at a controllable cost.
In addition to Liquid ETH and STONE, StakeStone has also made extensive investments in the BTCFI market, launching products related to BTCFI such as Liquid BTC, SBT, and STONEBTC. Today we will mainly discuss their activities, and you can also use SBTC to participate.
Through these mechanisms and functions, StakeStone strives to become a full-chain liquidity infrastructure, providing users with efficient and secure staking solutions, while also providing developers with a platform to develop and utilize liquidity projects. This makes StakeStone play an important role in the field of decentralized finance (DeFi).
So I called StakeStone the future public chain water company before, because compared with other pledge protocols, StakeStone's vision may be to become the standard service for the cold start of new public chains in the future, and to become the new asset standard to replace ETH in every new public chain through cold start. At the same time, for more mature public chains and L2, the higher capital efficiency provided by re-staking will gradually replace the existing ETH liquidity and become the new liquidity standard.
2️⃣Latest product StakeStone Vault related introduction
StakeStone focuses on creating profit opportunities for users through a variety of full-chain liquidity assets, so it has been focusing on launching various diversified income products;
For example, the StakeStone Vault is a product launched by the StakeStone platform that will be supported by project parties or asset management institutions in the future. You can think of it as giving the Stone obtained by staking Ethereum to the Vault; then it acts as a tool to help you manage your funds.
Vault has the following features:
1) Yield Farming vault for specific purposes: dedicated to serving liquidity yield scenarios;
2) Full-chain DeFi Strategy Treasury: will support full-chain/cross-chain DeFi combination strategies to provide better returns;
3) CeDeFi portfolio strategy vault: BTC and Stablecoin scenarios will be launched soon;
Currently, we have reached strategic cooperation with projects such as Plume, Berachain, CIAN, Coinsummer, and Amber Group. In the first phase, we will cooperate with the popular RWAfi chain Plume to launch StakeStone x Plume Pre-deposit Vault.
3️⃣Plume Network related introduction
1) What is Plume Network?
Plume Network @plumenetwork is a modular second layer (Layer 2) blockchain designed for real-world assets (RWA). It aims to simplify the deployment of assets on the chain and create a composable ecosystem by combining with decentralized financial (DeFi) applications.
Plume Network is designed for emerging RWAfi projects and on-chain net new capital by integrating top quality asset tokenization, capital and compliance providers directly into the Plume chain;
Plume Network's seed round of $10 million was led by Haun Ventures, the first female partner of a16z. Other well-known investors include Galaxy Digital, SV Ventures, etc.
Core team: from Layer Zero, Polyhedra, Galaxy Digital, JP Morgan, etc.
2) What problems can Plume solve (the difference between DeFi, RWAfi and other RWAs):
Plume has created a DeFi ecosystem for users, enabling real-world assets to be tokenized on its blockchain, so that these assets, such as real estate, commodities, bonds, etc., can be represented, traded, and managed on the blockchain;
Allowing users to seamlessly access and invest in various types of RWAfi. Plume has built a composable Defi ecosystem to unlock liquidity and enable trading of RWAfi assets.
Such as RWAfi lending, RWAfi liquidity staking, and RWfiA leveraged trading; RWAfi generates actual returns from RWA through a stable and long-term investment strategy, not just point rewards.
3) Plume and RWAFI bring new market potential to crypto
There are no new ways to play and yield scenarios worth rushing in the market. Points gameplay and various anti-takebacks have also made the market tired. Plume, as the first modularization dedicated to all RWAfi, brings new ways to play and increments to DeFi:
Real returns: Plume generates real returns from RWAfi through a stable and long-term investment strategy, not just point rewards;
Linking real-world financial assets from all walks of life, bringing new on-chain liquidity increments to crypto, and opening up trillion-dollar market imagination space: various assets on Plume include: tokenized stocks, content IP, real estate, hotel rooms, collectibles (sneakers, watches, trading cards, etc.), renewable infrastructure (solar farms, carbon credits, RECs, etc.), wine and whiskey, Web3 shopping/marketplace, stablecoins, and private credit; DeFi scenarios include: AMMs, RWAfi Perp DEX, RWAfi borrowing/loaning, RWA liquidity staking, RWAfi leveraged trading, etc.
4️⃣StakeStone x Plume Pre-Deposit Vault activity tutorial;
The data performance of the Plume test network is relatively good. This cooperation with StakeStone's Vault is also the first time to open the pre-deposit cap, with a cap of 5 million US dollars. However, I just checked that the 5M limit was full in five minutes, and the 30 million US dollars cap was reopened. You can choose to participate with Stone or SBTC;
5M is estimated to be filled up quickly, here are the tutorials and some instructions——
5️⃣ Ways and methods to participate in staking
The staking method is simple:
1) Click the link to enter the StakeStone x Plume Pre-Deposit Vault interface;
Click Connect Wallet in the upper right corner, select your usual wallet and select the Ethereum network;
2) If you already have Stone or SBTC on the Ethereum network, select the pledge amount on the next step of the pledge interface and click the Approve button.
Complete the wallet signature in the upper right corner, and wait until the Succeed pop-up window appears to indicate that the pledge is complete;
As for what SBTC is, you can read this tweet for details:
https://x.com/H_amiddd/status/1852353342539805038
SBTC is a liquid asset launched by StakeStone, which aims to release liquidity by custodial BTC, while expanding the application of BTC assets in the EVM ecosystem and other blockchain networks.
You can use cbBTC to mint SBTC on the ETH mainnet at a 1:1 ratio (you can withdraw it at a 1:1 ratio at any time); you can also use BTCB to mint SBTC on the BNB Chain at a 1:1 ratio (you can withdraw it at a 1:1 ratio at any time)
🚨For more details, please visit: https://www.plumenetwork.xyz/blog/pre-deposit-guide
