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Binance Labs Introduced the New Altcoin Venture It Invested in!

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Binance Labs introduced that it has invested in StakeStone to help the Omnichain liquidity distribution community.

Binance Labs, the enterprise capital and incubation arm of Binance, has invested in StakeStone, a staking protocol designed to attach multi-chain liquidity and supply staking, future re-staking returns and liquidity to rising chains and ecosystems.

“Leveraging STONE, a yield-bearing ETH token, StakeStone brings native staking returns and liquidity to Layer 2 (L2) networks.

“It’s designed with a extremely scalable structure that facilitates compatibility with a number of staking underlying belongings, supporting ETH POS staking, Eigenlayer repurchase together with LRT, LST repurchase and native repurchase, and all rising staking asset sorts.”

Yi He, Co-Founding father of Binance and Head of Binance Labs, stated: “StakeStone addresses the complexities of omni-channel liquidity distribution and opens the door to broader participation within the house. At Binance Labs, we actively hunt down visionary tasks that push the boundaries of innovation. We sit up for watching StakeStone develop within the trade .”

We’ve invested in @Stake_Stone!

StakeStone is a staking protocol for connecting omnichain liquidity.

Learn extra👇https://t.co/eGZAgAf4fF

— Binance Labs Fund (@BinanceLabs) March 25, 2024

*This isn’t funding recommendation.

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