StakeStone Teams Up with Sonic to Amplify Liquidity and Open Up New Yield Opportunities for Users
In Brief
In its latest move, StakeStone has joined forces with Sonic to improve liquidity and provide fresh yield possibilities for users, while early participants may benefit from a Sonic airdrop.
Provider of comprehensive liquidity infrastructure across the full chain StakeStone announced its integration with Sonic , a Layer 1 blockchain compatible with Ethereum Virtual Machine (EVM), is designed to enhance liquidity and create new yield avenues for users. Sonic Network functions as a Layer 1 blockchain integrated with a Layer 2 bridge that connects to Ethereum, facilitating smoother cross-chain transactions.
This collaboration allows users to earn yield through StakeStone on the Sonic platform, where StakeStone’s offerings are tailored to maximize returns. By utilizing Sonic's infrastructure, users can not only participate in market activities but also generate passive income through StakeStone’s yield-generating solutions.
Sonic Gateway streamlines the process of injecting liquidity into the Sonic network, making it easier for users to engage and earn. Additionally, StakeStone has hinted that those who interact with its platform, including those earning yields, might qualify for a Sonic airdrop as a reward for their early involvement.
A noteworthy aspect of this alliance is Sonic's Fee Monetization initiative, which allocates up to 90% of transaction fees within the StakeStone platform back to the platform itself, instead of to validators. This aligns with StakeStone’s goal of delivering the best yields to its users.
To begin earning yields, users are encouraged to bridge their assets to Sonic through the Gateway once it launches, take advantage of StakeStone’s yield-generating products, and stay tuned for updates regarding the airdrop.
StakeStone Forms Partnership with Berachain, Opening New Avenues for Users to Generate Additional Revenue
StakeStone , a protocol for omni-chain Liquid Staking Tokens (LST), aims to enhance native staking yields and liquidity across the network. Recently, it has entered into a strategic partnership with Berachain, a Layer 1 blockchain compatible with Ethereum Virtual Machine (EVM). As a result of this collaboration, StakeStone’s native token, STONE, has been launched on Berachain’s bArtio testnet. Layer 2 networks This partnership permits users to utilize StakeStone’s liquid assets, such as STONE, ssBTC, and STONEBTC, within the Berachain ecosystem, allowing them to participate in Berachain while also generating added revenue.
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