Binance Labs Announces Investment in New Crypto Project!

The world’s largest cryptocurrency exchange Binance-backed Binance Labs has announced its investment in StakeStone. According to an article published on Binance’s official website on March 25, the exchange’s venture capital arm Binance Labs has invested in the staking protocol StakeStone. StakeStone is a staking protocol designed to link omnichain liquidity and provide re-staking returns to emerging ecosystems. StakeStone provides staking returns and liquidity for Ethereum layer-2 networks. The protocol is highly scalable, supporting all types of staking, and resolving compatibility issues with multi-staking. Yi He, co-founder of Binance and president of Binance Labs, stated: StakeStone addresses the complexities of a multifaceted liquidity distribution, opening doors for broader participation in this space. At Binance Labs, we are looking for projects that push the boundaries of innovation. We are excited to watch StakeStone’s growth in the industry. It was also emphasized that, unlike traditional approaches based on Multisig wallets, StakeStone provides full […]

Binance Labs Announces Investment in New Crypto Project!

The world’s largest cryptocurrency exchange Binance-backed Binance Labs has announced its investment in StakeStone.

According to an article published on Binance’s official website on March 25, the exchange’s venture capital arm Binance Labs has invested in the staking protocol StakeStone.

StakeStone is a staking protocol designed to link omnichain liquidity and provide re-staking returns to emerging ecosystems.

StakeStone provides staking returns and liquidity for Ethereum layer-2 networks. The protocol is highly scalable, supporting all types of staking, and resolving compatibility issues with multi-staking.

Yi He, co-founder of Binance and president of Binance Labs, stated:

StakeStone addresses the complexities of a multifaceted liquidity distribution, opening doors for broader participation in this space. At Binance Labs, we are looking for projects that push the boundaries of innovation. We are excited to watch StakeStone’s growth in the industry.

It was also emphasized that, unlike traditional approaches based on Multisig wallets, StakeStone provides full transparency.

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