Stakestone：全甲基流动性基础设施

Stakestone是一种分散的协议，旨在提高流动性在不同区块链网络上的移动方式。

Key Takeaways

关键要点

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

* Stakestone是一种分散的协议，旨在提高流动性在不同区块链网络上的移动方式。

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

*它可以使用Omnichain基础架构和LayerZero技术实现无缝的跨链流动性。

* 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.

*该协议旨在使Ether（ETH）和比特币（BTC）之类的资产在分散的财务（DEFI）中更可用。它解决了诸如流动性碎片，产量效率低下和复杂的跨链操作等问题。

What Is StakeStone?

什么是斯塔克通？

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是一个区块链协议，它构建了“全甲基”流动性基础设施。这意味着它有助于资产在不同的区块链网络之间顺利进行。该协议旨在解决DEFI中的常见问题，在DEFI中，资产通常被困在孤立的网络中，使用户难以转移它们或有效地获得奖励。

The project offers several services and tools, including:

该项目提供了多种服务和工具，包括：

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

Stone：代表Staked Eth并赚取收益的代币，同时保持在Defi中。

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

SBTC和StoneBTC：使BTC液体并产生跨多个链产生的令牌。

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

流动性板：一个帮助新区块链吸引和管理流动性的平台。

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

Sto Token：一种治理令牌，使用户能够对协议的运作方式进行投票。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通过技术组成部分和治理机制的结合来运作。这是其主要功能及其运作方式。

STONE: yield-bearing ETH

石头：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.

石头令牌代表固定的eth。当用户将ETH存入Stakestone时，他们会收到Stone，这将获得积极的奖励，并且可以用于贷款或交易等法案应用程序中。这解决了ETH持有人必须在赌注或参与DEFI之间进行选择的问题。

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.

石材被设计为使用layerzero的含量可及代币（OFT），这是一种使跨链条无缝运动的技术。它的价格是由协议的智能合约设定的，而不是分散的交易所（DEX），如果DEX价格有所不同，可以创造套利机会。

SBTC and STONEBTC: liquid and yield-bearing BTC

SBTC和StoneBTC：液体和屈服BTC

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

为了解决比特币智能合约功能有限的功能，Stakestone引入了两个令牌：

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（液体BTC）：将各种BTC衍生物（如WBTC，BTCB）整合到一个单个的液体令牌中，可用于以太坊，BNB链等链条上使用。用户将BTC衍生品存储到保险库中，而Minter发出了SBTC，该SBTC支持诸如交易或贷款之类的Defi活动。

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）：通过通过DEFI，集中式排放融资（CEDEFI）和现实世界资产（RWA）的策略产生产量来扩展SBTC。用户存入SBTC或其他BTC衍生产品，StoneBTC自动分配资产以优化回报。

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.

这些令牌使比特币在Defi方面更具用途，从而降低了分散性并提高了资本效率。 Stakestone与Mantle，Linea和Zircuit等网络集成，以确保SBTC和StoneBTC可广泛使用。

LiquidityPad

流动性板

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.

流动性板是一个平台，可帮助新兴的区块链吸引和管理流动性。它充当以太坊建立良好的Defi生态系统与新网络之间的桥梁。用户将ETH，BTC衍生品或Stablecoins等资产存放到特定于生态系统的穹顶中，从而接收LP令牌作为回报。这些令牌可以在以太坊defi和新兴链的生态系统中使用，同时参与并捕获产量。

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.

这种双向流程使新区块链能够访问以太坊的深厚流动性，而以太坊用户可以从生态系统中的产量机会中受益。流动性板减少了对不可持续的令牌激励措施的依赖，从而促进了长期增长。

Omnichain liquidity infrastructure

全力流动性基础设施

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创新的核心是其全甲基流动性系统。它旨在消除对传统桥梁的需求，这可能是缓慢且风险的。取而代之的是，Stakestone使用信用保证金引擎（CME），这是一种营销系统：

Maintains consistent liquidity across chains.

跨连锁店保持一致的流动性。

Optimizes prices to reduce slippage and ensure fairness.

优化价格以减少滑倒并确保公平。

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

与传统桥梁的多步骤过程相比，启用一键式跨链交易。

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与本地基础设施合作，其中包括自动营销和通用兼容性引擎。截至2025年5月，Stakestone支持20多个链条和100条协议。

Governance and the STO Token

治理和Sto代币

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。用户可以锁定Sto接收授予投票权的Vesto。例如，Vesto持有人决定如何在石器，BTC-FI和流动性池塘池中分配流动性激励措施。他们还根据锁定令牌获得了收益率提高。

The governance system includes:

治理系统包括：

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.

贿赂系统：协议可以存入STO或合作伙伴令牌以吸引流动性。 STO贿赂部分被烧毁，减少了令牌供应，而合作伙伴的贿赂使协议的财政部多样化。

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

交换机制：当出现套利机会时，Sto持有人可以将令牌交换为财政资产（例如，合作伙伴令牌），创造价值并维持通气压力。

Vesting: Converting veSTO back to STO requires a 3

归属：将Vesto转换回Sto需要3