TechFlow news, on February 13, according to Chainwire, BingX Labs—the innovation arm of cryptocurrency exchange BingX—has provided $10 million in funding to StakeStone, a cross-chain liquidity infrastructure platform, to accelerate the development of omnichain liquid staking and staking finance (StakingFi) applications.
The collaboration will focus on building liquidity infrastructure for improved cross-chain efficiency, while advancing the development of StakingFi products, education initiatives, and community incentive programs. Vivien Lin, Head of BingX Labs, stated that StakeStone's omnichain staking technology represents a significant breakthrough in capital efficiency and StakingFi applications.
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