OKX Ventures Announces Investment in StakeStone, Omni-Chain Liquidity Infrastructure
OKX Ventures today announced its investment in StakeStone, an omnichain liquidity distribution network. Stakestone focuses on establishing STONE as the standard for omnichain liquidity assets and building a liquidity market for the application layer. By continuously integrating emerging underlying assets in the fast-changing market, including ETH staking, Restaking, and innovative yield sources in the consensus layer, and redistributing STONE across multiple ecosystems, StakeStone serves as the long-term infrastructure for liquidity. There are now 342,704 ETH Locked in total, TVL is about $1.2 billion on Stakestone. StakeStone is also exploring STONE BTC to integrate BTC liquidity into the distribution network.
OKX Ventures Founder Dora Yue said: “ There are over 900,000 validator stakes today, emerging chains and ecosystems are generating a growing demand for ETH liquidity, but Layer2s are facing challenges of the high cost of staking ETH, This is the position for StakeStone, where it is compatible with various restaking strategies. We are confident of seeing that 100x surge in TVL at the very beginning of 2024 by Stakestone, also bootstrapping with Manta Networks, and emerging Bitcoin L2s, including B² Network, Merlin Chain, and BounceBit etc., StakeStone community could yield extra on 25+ chains in 2024, exploring the strategies with DEX, Market Makers, Lendings, CDP (Stablecoin), and Derivatives even GameFis. OKX Ventures has always advocated the innovative but secure use cases in DeFis, which can pave the way for booming for the chains. ”
For further information, please contact: Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
