StakeStone releases white paper, governing token STO is responsible for coordinating the full-chain value flow
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On February 26, StakeStone officially released a white paper, which stated that StakeStone is a decentralized adaptive full-chain liquidity infrastructure. The protocol introduces STONE (interest-generating ETH), SBTC and STONEBTC (full-chain liquidity respectively). BTC and LiquidityPad, as well as LiquidityPad, enable users to unlock full-chain liquidity while earning optimized and sustainable returns.
StakeStone’s governance token STO is responsible for coordinating all value flows across the entire chain while achieving decentralized governance of the protocol. StakeStone uses the Voting Token Model (veSTO) as the basis of its governance system. By locking the STO token, holders can obtain veSTO. In addition, StakeStone will also adopt multiple destruction mechanisms.