TechFlow reports on March 3 that the StakeStone Foundation, a full-chain liquid asset protocol, has created an X social media account and published its first post, suggesting the project may soon launch a token generation event (TGE). StakeStone positions itself as a cross-chain liquidity protocol designed to address liquidity fragmentation and inefficient yield in the DeFi space.
According to official information, the protocol's core products include three liquid assets: $STONE (yield-generating ETH), $SBTC (liquid BTC index), and $STONEBTC (yield-generating BTC). The project will also issue a governance token $STO and its locked version veSTO. Holders can vote on liquidity incentive allocations, earn additional rewards for providing liquidity, and gain enhanced privileges through staking.
StakeStone’s revenue model includes withdrawal fees (collected in ETH, BTC, and stablecoins), liquidity incentive fees paid by protocols, and reserves of blue-chip assets. A portion of these fees and incentives will be burned, creating a deflationary mechanism. The project roadmap also includes developing a payment system called PayFi, which supports cross-chain payments and enables users to spend their staked assets while still earning yield.
