Stakestone：全甲基流動性基礎設施

Stakestone是一種分散的協議，旨在提高流動性在不同區塊鍊網絡上的移動方式。

Key Takeaways

關鍵要點

* StakeStone is a decentralized protocol designed to improve how liquidity moves across different blockchain networks.

* Stakestone是一種分散的協議，旨在提高流動性在不同區塊鍊網絡上的移動方式。

* It enables seamless cross-chain liquidity using omnichain infrastructure and LayerZero technology.

*它可以使用Omnichain基礎架構和LayerZero技術實現無縫的跨鏈流動性。

* The protocol aims to make assets like ether (ETH) and bitcoin (BTC) more usable in decentralized finance (DeFi). It solves problems such as fragmented liquidity, inefficient yield generation, and complicated cross-chain operations.

*該協議旨在使Ether（ETH）和比特幣（BTC）之類的資產在分散的財務（DEFI）中更可用。它解決了諸如流動性碎片，產量效率低下和復雜的跨鏈操作等問題。

What Is StakeStone?

什麼是斯塔克通？

StakeStone is a blockchain protocol that builds an “omnichain” liquidity infrastructure. This means it helps assets flow smoothly between different blockchain networks. The protocol aims to solve common problems in DeFi, where assets are often stuck in isolated networks, making it difficult for users to transfer them or earn rewards efficiently.

Stakestone是一個區塊鏈協議，它構建了“全甲基”流動性基礎設施。這意味著它有助於資產在不同的區塊鍊網絡之間順利進行。該協議旨在解決DEFI中的常見問題，在DEFI中，資產通常被困在孤立的網絡中，使用戶難以轉移它們或有效地獲得獎勵。

The project offers several services and tools, including:

該項目提供了多種服務和工具，包括：

STONE: A token that represents staked ETH and earns yields while remaining usable in DeFi.

Stone：代表Staked Eth並賺取收益的代幣，同時保持在Defi中。

SBTC and STONEBTC: Tokens that make BTC liquid and yield-generating across multiple chains.

SBTC和StoneBTC：使BTC液體並產生跨多個鏈產生的令牌。

LiquidityPad: A platform that helps new blockchains attract and manage liquidity.

流動性板：一個幫助新區塊鏈吸引和管理流動性的平台。

STO Token: A governance token that enables users to vote on how the protocol operates.How Does StakeStone Work?

Sto Token：一種治理令牌，使用戶能夠對協議的運作方式進行投票。 Stakestone如何工作？

StakeStone operates through a combination of technical components and governance mechanisms. Here are some of its main features and how they function.

Stakestone通過技術組成部分和治理機制的結合來運作。這是其主要功能及其運作方式。

STONE: yield-bearing ETH

石頭：屈服的ETH

The STONE token represents staked ETH. When users deposit ETH into StakeStone, they receive STONE, which earns staking rewards and can be used in DeFi applications like lending or trading. This solves the problem of ETH holders having to choose between staking or participating in DeFi.

石頭令牌代表固定的eth。當用戶將ETH存入Stakestone時，他們會收到Stone，這將獲得積極的獎勵，並且可以用於貸款或交易等法案應用程序中。這解決了ETH持有人必須在賭注或參與DEFI之間進行選擇的問題。

STONE is designed as an Omnichain Fungible Token (OFT) using LayerZero, a technology that enables seamless movement across chains. Its price is set by the protocol’s smart contract, not decentralized exchanges (DEXs), which can create arbitrage opportunities if DEX prices differ.

石材被設計為使用layerzero的含量可及代幣（OFT），這是一種使跨鏈條無縫運動的技術。它的價格是由協議的智能合約設定的，而不是分散的交易所（DEX），如果DEX價格有所不同，可以創造套利機會。

SBTC and STONEBTC: liquid and yield-bearing BTC

SBTC和StoneBTC：液體和屈服BTC

To address the limited functionality of Bitcoin smart contracts, StakeStone introduced two tokens:

為了解決比特幣智能合約功能有限的功能，Stakestone引入了兩個令牌：

SBTC (liquid BTC): Integrates various BTC derivatives, like WBTC, BTCB, into a single, liquid token that can be used across chains such as Ethereum, BNB Chain, and others. Users deposit BTC derivatives into a vault, and the Minter issues SBTC, which supports DeFi activities like trading or lending.

SBTC（液體BTC）：將各種BTC衍生物（如WBTC，BTCB）整合到一個單個的液體令牌中，可用於以太坊，BNB鍊等鏈條上使用。用戶將BTC衍生品存儲到保險庫中，而Minter發出了SBTC，該SBTC支持諸如交易或貸款之類的Defi活動。

STONEBTC (yield-bearing BTC): Expands on SBTC by generating yields through strategies in DeFi, centralized-decentralized finance (CeDeFi), and real-world assets (RWA). Users deposit SBTC or other BTC derivatives, and STONEBTC automatically allocates assets to optimize returns.

StoneBTC（承重BTC）：通過通過DEFI，集中式排放融資（CEDEFI）和現實世界資產（RWA）的策略產生產量來擴展SBTC。用戶存入SBTC或其他BTC衍生產品，StoneBTC自動分配資產以優化回報。

These tokens make Bitcoin more versatile in DeFi, reducing fragmentation and improving capital efficiency. StakeStone integrates with networks like Mantle, Linea, and Zircuit to ensure SBTC and STONEBTC are widely usable.

這些令牌使比特幣在Defi方面更具用途，從而降低了分散性並提高了資本效率。 Stakestone與Mantle，Linea和Zircuit等網絡集成，以確保SBTC和StoneBTC可廣泛使用。

LiquidityPad

流動性板

LiquidityPad is a platform that helps emerging blockchains attract and manage liquidity. It acts as a bridge between Ethereum’s well-established DeFi ecosystem and newer networks. Users deposit assets like ETH, BTC derivatives, or stablecoins into ecosystem-specific vaults, receiving LP tokens in return. These tokens can be used in both Ethereum DeFi and the emerging chain’s ecosystem, engaging in both and capturing yields.

流動性板是一個平台，可幫助新興的區塊鏈吸引和管理流動性。它充當以太坊建立良好的Defi生態系統與新網絡之間的橋樑。用戶將ETH，BTC衍生品或Stablecoins等資產存放到特定於生態系統的穹頂中，從而接收LP令牌作為回報。這些令牌可以在以太坊defi和新興鏈的生態系統中使用，同時參與並捕獲產量。

This bidirectional flow enables new blockchains to access Ethereum’s deep liquidity, while Ethereum users can benefit from yield opportunities in growing ecosystems. LiquidityPad reduces reliance on unsustainable token incentives, promoting long-term growth.

這種雙向流程使新區塊鏈能夠訪問以太坊的深厚流動性，而以太坊用戶可以從生態系統中的產量機會中受益。流動性板減少了對不可持續的令牌激勵措施的依賴，從而促進了長期增長。

Omnichain liquidity infrastructure

全力流動性基礎設施

At the core of StakeStone’s innovation is its omnichain liquidity system. It aims to eliminate the need for traditional bridges, which can be slow and risky. Instead, StakeStone uses a Credit Margin Engine (CME), a market-making system that:

Stakestone創新的核心是其全甲基流動性系統。它旨在消除對傳統橋樑的需求，這可能是緩慢且風險的。取而代之的是，Stakestone使用信用保證金引擎（CME），這是一種營銷系統：

Maintains consistent liquidity across chains.

跨連鎖店保持一致的流動性。

Optimizes prices to reduce slippage and ensure fairness.

優化價格以減少滑倒並確保公平。

Enables one-click cross-chain transactions, in contrast to the multi-step processes of traditional bridges.

與傳統橋樑的多步驟過程相比，啟用一鍵式跨鏈交易。

The CME works with Native’s infrastructure, which includes automated market-making and a universal compatibility engine. As of May 2025, StakeStone supports over 20 chains and 100 protocols.

CME與本地基礎設施合作，其中包括自動營銷和通用兼容性引擎。截至2025年5月，Stakestone支持20多個鏈條和100條協議。

Governance and the STO Token

治理和Sto代幣

The STO token is central to StakeStone’s governance. Users can lock STO to receive veSTO, which grants voting power. For example, veSTO holders decide how to allocate liquidity incentives across STONE-Fi, BTC-Fi, and LiquidityPad pools. They also receive yield boosts based on their locked tokens.

Sto令牌是Stakestone治理的核心。用戶可以鎖定Sto接收授予投票權的Vesto。例如，Vesto持有人決定如何在石器，BTC-FI和流動性池塘池中分配流動性激勵措施。他們還根據鎖定令牌獲得了收益率提高。

The governance system includes:

治理系統包括：

Bribe system: Protocols can deposit STO or partner tokens to attract liquidity. STO bribes are partially burned, reducing token supply, while partner token bribes diversify the protocol’s treasury.

賄賂系統：協議可以存入STO或合作夥伴令牌以吸引流動性。 STO賄賂部分被燒毀，減少了令牌供應，而合作夥伴的賄賂使協議的財政部多樣化。

Swap mechanism: STO holders can exchange tokens for treasury assets (e.g., partner tokens) when arbitrage opportunities arise, creating value and maintaining deflationary pressure.

交換機制：當出現套利機會時，Sto持有人可以將令牌交換為財政資產（例如，合作夥伴令牌），創造價值並維持通氣壓力。

Vesting: Converting veSTO back to STO requires a 3

歸屬：將Vesto轉換回Sto需要3