StakeStone releases white paper, governance token STO is responsible for coordinating the flow of value across the entire chain
On February 26, StakeStone officially released its white paper, stating that StakeStone is a decentralized adaptive cross-chain liquidity infrastructure. The protocol introduces STONE (yielding ETH), SBTC and STONEBTC (cross-chain liquidity BTC and yielding BTC) as well as LiquidityPad, enabling users to unleash cross-chain liquidity while earning optimized and sustainable returns. The governance token of StakeStone, STO, is responsible for coordinating all value flows on the chain while achieving decentralized governance of the protocol. StakeStone uses a voting token model (veSTO) as the basis for its governance system. By locking up STO tokens, holders can obtain veSTO. In addition, StakeStone will also adopt multiple burn mechanisms.
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