Binance Labs Stakes in StakeStone, Bolstering Staking Dominance

Binance Labs has invested in StakeStone, a liquidity infrastructure startup specializing in re-staking. StakeStone aims to create an "omnichain liquidity distribution network" that consolidates various yield sources, including Ethereum staking, real-world assets, AI, and decentralized physical infrastructure network assets.

Binance Labs Stakes in StakeStone, Bolstering Staking and Re-staking Ambitions

Amid the burgeoning staking and re-staking landscape, Binance Labs has emerged as a major force, reinforcing its commitment with a strategic investment in StakeStone, a liquidity infrastructure trailblazer. This undisclosed investment underscores Binance Labs' unwavering confidence in the sector's growth potential.

StakeStone positions itself as an "omnichain liquidity distribution network," adeptly harnessing diverse yield sources, including Ethereum staking, re-staking, real-world assets, artificial intelligence, and decentralized physical infrastructure assets. As Charles K, StakeStone's co-founder, articulates, "StakeStone empowers users with a comprehensive platform that amplifies yield opportunities."

Ethereum rebalancing is currently supported on StakeStone's platform, offering users who stake ether "STONE," a "yield-bearing ETH" token. This innovative token unlocks further rewards, creating a multiplier effect for investors. StakeStone's ambitions extend beyond Ethereum, with plans to explore Bitcoin re-staking, introducing "yield-bearing BTC (STONE BTC)."

Charles K emphasizes that StakeStone transcends the realm of mere liquid re-staking protocols. Re-staking is a cornerstone strategy, with a roadmap that includes support for Bitcoin and a diverse array of assets in the future.

Binance Labs has consistently amplified its support for staking startups, recognizing their pivotal role in the industry's evolution. This year alone, notable investments have been made in Babylon (Bitcoin staking protocol), Renzo (Ethereum recovery protocol), and Puffer Finance (Ethereum recovery protocol). Further solidifying its commitment, Binance Labs recently invested in seven additional startups, including Ethena Labs (synthetic dollar protocol developer) and Derivio (zkSync-based decentralized derivatives exchange).

In March 2023, Binance Labs underwent a strategic separation from Binance, the crypto exchange giant. Binance Labs' employees désormais possess contracts distinct from their counterparts at Binance, akin to the structure adopted by the Binance-backed BNB Chain project. This organizational shift has minimal impact on operations, ensuring continuity of Binance Labs' mission.

Last year, Binance Labs welcomed external capital by closing a $500 million fund, signaling its financial strength and investor confidence. However, during the summer, Binance Labs initiated the process of returning undeployed capital to limited partners.

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