The market isn’t looking great these days. Who else witnessed the manipulation on BTC yesterday?

Anyway, I’ve been exploring new projects on Ethereum and came across StakeStone. It’s a pan omnichain liquidity protocol with liquid ETH (STONE) and BTC (SBTC) staking. Sounds ambitious, especially given Ethereum’s current dip, haha. But it got me curious about the ecosystem. 

From what I see, STONE is a yield bearing ETH token tied to an adaptive staking network, while SBTC is a liquid BTC index. STONEBTC adds yield to BTC. They’re pushing liquidity across multiple DeFi chains, but I’m wondering about yield sustainability and risks. We all know nothing is 100% safe. However, the omnichain aspect is interesting, not gonna lie. STONE supposedly moves liquidity across chains via an on chain proposal system.

I also noticed their ties with MerlinLayer2 and BSquaredNetwork, aiming to bridge ETH staking into Bitcoin’s ecosystem. Cool concept, but could this just be DeFi hype? 

Anyway, their token STO is set to go live in less than two hours on some decent exchanges.