Quantstamp (QSP) news

StakeStone (STO): Revolutionizing Omnichain Liquidity for ETH and BTC

What is StakeStone (STO)? StakeStone (STO) is an omnichain liquidity infrastructure platform committed to building the first stable, yield-bearing liquid ETH and BTC assets. By leveraging an adaptive staking network, StakeStone supports various risk-free consensus layers with native assets, optimizing yield opportunities through adaptable underlying strategies and an on-chain proposal mechanism. The platform seamlessly redistributes liquidity across multiple ecosystems and protocols, aiming to establish new standards for liquid assets and enhance liquidity distribution within the DeFi landscape. Who Created StakeStone (STO)? StakeStone was co-founded by Charles K, who envisioned creating a next-generation omnichain liquidity infrastructure for decentralized finance. The team's mission is to drive innovation and global adoption of their products by integrating real-time high-performance blockchain networks, thereby propelling the crypto industry into the era of super applications. What VCs Back StakeStone (STO)? In November 2024, StakeStone announced the successful completion of a $22 million investment round led by Polychain Capital, a prominent venture capital firm specializing in blockchain-based projects. This funding round also saw strategic investments from Binance Labs and OKX Ventures, with additional participation from investors such as SevenX, Nomad Capital, HashKey Capital, HashKey Cloud, Amber Group, Coinsummer, Bankless Ventures, DAO5, Symbolic Capital, Arcane Group, and Quantstamp. This substantial financial backing positions StakeStone for accelerated growth, enabling the expansion of its product offerings and the strengthening of its presence in key markets. How StakeStone (STO) Works StakeStone operates by introducing innovative products designed to enhance the liquidity and utility of BTC and ETH assets within DeFi ecosystems. Its key components include STONE, SBTC, STONEBTC, and STO. 1. STONE: The Liquid Staking Solution for ETH STONE is StakeStone’s flagship liquid staking token for ETH, designed to enhance Ethereum staking efficiency while maintaining liquidity. Traditional ETH staking requires users to lock their assets for an extended period, limiting their ability to use staked ETH in DeFi. STONE solves this problem by providing a liquid representation of staked ETH, allowing users to earn staking rewards while retaining flexibility in DeFi applications. Key Features of STONE: ● Omnichain Liquidity: STONE can move across multiple blockchains, ensuring broad accessibility. ● Enhanced Capital Efficiency: Users can stake ETH, receive STONE, and continue using it in DeFi without waiting for unstaking periods. ● Yield Optimization: STONE automatically accrues staking rewards, offering a passive income stream. How STONE Works: ● ETH Staking: Users stake ETH via StakeStone’s protocol. ● Receive STONE: In exchange, they receive STONE, which represents their staked ETH. ● Use STONE in DeFi: STONE holders can trade, lend, or provide liquidity while still earning staking rewards. ● Unstaking Process: When users want to withdraw their ETH, they can redeem STONE for ETH at a 1:1 ratio, with processing times varying based on network conditions. By integrating STONE into DeFi ecosystems, StakeStone ensures that staked ETH remains liquid and productive. This approach allows users to maximize their staking rewards while maintaining full flexibility in their investment strategies. 2. SBTC: StakeStoneBTC SBTC is designed to act as a liquid, index BTC, addressing the issue of illiquid native BTC assets by providing robust omnichain liquidity. This solution facilitates BTC asset trading and enhances the utility of native BTC within Ethereum Virtual Machine ecosystems, as well as other Layer 1 and Layer 2 networks. SBTC is composed of a diversified basket of ERC20 tokens, primarily BTCB, ensuring a solid foundation of liquidity. Key Features of SBTC: ● Manifold Use Cases: Through collaboration with leading ecosystems and blue-chip DeFi protocols, SBTC offers a wide range of use cases, such as participation in various DeFi protocols on platforms like Berachain. These applications generate additional yields for SBTC holders and unlock the potential of more BTC assets. ● Omnichain Liquidity: SBTC provides seamless liquidity across multiple chains, addressing the liquidity fragmentation problem inherent in existing BTC derivatives. Upon launch, SBTC benefits from immediate omnichain liquidity, facilitated by mechanisms like Native's PMM, which ensures optimal pricing and liquidity depth. ● Instant Withdrawals: Users can enjoy instant withdrawals at a 1:1 BTC ratio, leveraging BTCB's liquidity to ensure that SBTC holders can easily convert their assets into native BTC. 3. STONEBTC: Yield-Bearing BTC Derivative STONEBTC is a yield-bearing BTC derivative designed to unlock the full earning potential of Bitcoin holdings while maintaining seamless liquidity across DeFi ecosystems. By integrating advanced BTC yield strategies across decentralized finance, centralized decentralized finance, and real-world assets, STONEBTC allows users to earn sustainable yields without sacrificing flexibility or utility. Key Features of STONEBTC: ● Automatically Optimized Yields: STONEBTC provides users with access to advanced, automatically optimized yield strategies. By leveraging diverse yield sources, including Bitcoin staking and restaking networks like Babylon and Symbiotic, STONEBTC dynamically allocates assets to maximize returns, offering a seamless, hands-off experience. ● Omnichain Liquidity: STONEBTC ensures liquidity for time-locked BTC assets, providing users with flexible methods for exit liquidity across various blockchain networks. ● Enhanced Capital Efficiency: By allowing users to earn yields while retaining the ability to utilize their assets in DeFi activities such as DEX trading, lending platforms, collateralized debt positions (CDP) collateralization, derivatives trading, and GameFi, STONEBTC enhances capital efficiency. How STONEBTC Works: ● Deposit: Users deposit their SBTC or LBTC into StakeStone’s protocol. ● Conversion: The holdings are automatically converted into STONEBTC. ● Yield Generation: From the moment of deposit, STONEBTC begins generating yield through StakeStone’s underlying strategy vaults, which integrate multiple yield sources by combining the innovation of DeFi protocols, the stability of CeDeFi institutions, and the growth potential of RWA projects. ● Withdrawals: Users can request a withdrawal of their STONEBTC holdings at any time. StakeStone, in collaboration with its market maker, ensures that withdrawals are processed and completed within a timeframe ranging from immediately to seven days, balancing asset security with efficient liquidity management. 4. STO: Governance and Liquidity Incentives STO is the governance token of StakeStone, allowing users to participate in decision-making and influence key protocol parameters. StakeStone employs a vote-escrowed token model where users can lock STO to receive veSTO, which grants governance power and additional rewards. Key Features of STO: ● Governance Power: veSTO holders can vote on emission allocations, protocol fees, and strategic integrations. ● Liquidity Incentives: veSTO holders receive boosted rewards from liquidity mining programs. ● Bribe Rewards: Protocols can offer incentives to veSTO holders in exchange for directing liquidity towards specific pools. How STO Works: ● Users acquire STO through staking rewards, liquidity mining, or direct purchases. ● STO can be locked to mint veSTO, which grants voting rights and boosts rewards. ● After a 30-day vesting period, veSTO can be converted back into STO. STO Goes Live on Bitget StakeStone is redefining liquidity in the crypto space by offering seamless omnichain solutions for ETH and BTC assets. With its liquid ETH staking (STONE), yield-bearing BTC (STONEBTC), and omnichain BTC liquidity (SBTC), StakeStone bridges liquidity gaps and enhances capital efficiency across multiple blockchains. The platform’s governance token, STO, empowers users to shape the protocol while earning additional rewards through veSTO staking, liquidity incentives, and bribe markets. As StakeStone continues to expand, STO’s role in governance and liquidity allocation will become increasingly valuable. For traders and investors looking to capitalize on the growth of omnichain liquidity, STO presents an opportunity to engage with StakeStone’s ecosystem while benefiting from its liquidity incentives and governance influence. With STO available for trading on Bitget, it’s easier than ever to gain exposure to the future of DeFi liquidity solutions. Deposit Available: Opened Trading Available: 3 April 2025 (UTC) Trade STO/USDT now! StakeStone (STO) to be listed on Bitget Launchpool — lock BGB to share 3,150,000 STO! Locking period: 3 April 2025, 13:00 – 4 April 2025, 13:00 (UTC) Lock Now Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Analog (ANLOG): Building Bridges in the Blockchain World

What is Analog (ANLOG)? Analog (ANLOG) is a suite of interoperability protocols built on the Substrate SDK, a framework known for its flexibility and modularity in creating blockchains. Its primary goal is to become the go-to hub for Web3 interoperability, tackling challenges in both multi-chain and cross-chain ecosystems. The current blockchain landscape is often described as a collection of "walled gardens"—isolated networks with limited connectivity. While this ecosystem addresses the growing demand for blockspace, it has introduced significant problems such as fragmented user experiences, data, and liquidity. Analog’s vision is to provide developers and users with a seamless, secure way to navigate and integrate multiple blockchain networks, simplifying DApp development and enhancing user experience. At the core of Analog is the Timechain, a custom-built blockchain that utilizes the Nominated Proof-of-Stake (NPoS) protocol. The Timechain is both the accountability layer and the engine driving cross-chain communication within the Analog ecosystem. Who Created Analog (ANLOG)? Analog was founded in 2021 by Victor Young and a team of engineers and DeFi experts who collectively bring more than 150 years of blockchain experience to the table. Victor Young, a graduate of the University of Waterloo, has decades of experience in blockchain engineering and startups. His firsthand encounters with the challenges of siloed systems in traditional industries inspired him to create Analog. Victor’s vision was to build a truly chain-agnostic protocol that would unify fragmented blockchain ecosystems. The Analog team also includes: ● Eric Wang, the Head of Business Development, whose background includes roles like Ecosystem Development Lead at Parity Technologies and General Partner at ROK Capital. He oversees Analog’s go-to-market strategy and partnerships. ● Avneet Singh, the Product Lead, who previously held senior positions at Chainlink Labs and PayPal. His expertise in software engineering and blockchain development propels Analog’s technical advancements. ● Sanchal Ranjan, the Product Manager, brings years of startup experience, having been a Deloitte consultant, a Y Combinator entrepreneur, and co-founder of ZiffyHomes. ● Florian Franzen, the Head of Research, contributes a wealth of Web3 expertise, including work at the Web3 Foundation and the Center of Advanced European Study and Research (CAESAR). ● David Craven, a Senior Blockchain Engineer, has worked at Parity Technologies and other blockchain-focused companies, bringing his technical knowledge to Analog’s development. ● Lohann Ferreira, another blockchain engineer, has experience in senior roles at First Foundry and Enjin, further strengthening Analog’s technical team. What VCs Back Analog (ANLOG)? Analog has attracted significant attention from prominent venture capital firms and investors. Among its notable backers are: Binance (BNB Chain Incubation), Outliers Fund, Tribe Capital, OrangeDAO, Wintermute, Master Ventures, Better Capital, NGC Ventures, Quantstamp, MH Ventures, Presto Labs, Contango Digital, Fred Smith, and Balaji Srinivasan. How Analog (ANLOG) Works Analog’s architecture revolves around two key components: the Timechain and its node network. Together, they enable seamless cross-chain communication and interoperability. The Timechain The Timechain is the backbone of Analog’s ecosystem. Built using the Substrate SDK, it operates as a Nominated Proof-of-Stake (NPoS) blockchain. Validators, known as Time Nodes, secure the network by verifying and committing new blocks in exchange for incentives. This ensures a dynamic and decentralized validator set, maintaining the integrity of the network. The Role of Nodes Two categories of nodes play vital roles in the Analog network: 1. Time Nodes: These nodes secure the Timechain by validating transactions and committing new blocks. They are critical for maintaining the blockchain’s security and functionality. 2. Chronicle Nodes: These nodes facilitate cross-chain communication through two primary services: - Attestation Service: They monitor inbound cross-chain requests, validate them using Threshold Signature Schemes (TSS), and post the results on the Timechain. - Relaying Service: They relay cross-chain message payloads to the destination chain for execution. Together, these nodes enable DApps to interact seamlessly across different blockchains, eliminating barriers and improving user experience. Products Built on Analog Analog has already developed two notable products on top of the Timechain: 1. Analog Watch: A developer-friendly platform for deploying and querying on-chain data. It provides a flexible way to interact with blockchain data across multiple chains. 2. Analog GMP (General Message Passing): A secure and decentralized protocol for cross-chain communication. It allows DApps to execute smart contract functions on any Analog-connected chain, simplifying the process of building cross-chain applications. In the future, Analog plans to introduce Analog Automation, a solution for automated cross-chain smart contract execution. This will allow developers to trigger smart contract functions across multiple blockchains seamlessly. The Role of the $ANLOG Token The $ANLOG token is the native cryptocurrency of the Analog network. It serves as both a utility and governance token. Users can stake $ANLOG to become validators (Time Nodes), participate in governance decisions, and secure the network. This token is central to Analog’s ecosystem, incentivizing participation and ensuring smooth operation. Addressing Liquidity Fragmentation One of Analog’s key innovations is its ability to solve the problem of liquidity fragmentation. By enabling seamless message passing between blockchains, Analog allows DApp developers to access liquidity across multiple platforms with a single click. This approach is similar to how HTTP(S) protocols enable communication over the internet, making blockchain integration intuitive and efficient. Decentralization and Scalability Analog is built to be highly decentralized and scalable. Anyone can participate in the network by running a Time Node or Chronicle Node, provided they stake the required tokens. The Timechain’s Substrate-based design ensures modularity and forkless upgrades, allowing the protocol to adapt and scale without disrupting the network. ANLOG Goes Live on Bitget ANLOG token is at the core of a groundbreaking interoperability protocol that connects fragmented blockchain ecosystems. Designed for seamless cross-chain communication, ANLOG supports decentralized applications and liquidity sharing across multiple networks. We are thrilled to announce that Analog (ANLOG) will be listed in the Innovation and WEB3 Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 February 2025, 11:00 (UTC) Link: ANLOG/USDT Start trading ANLOG on Bitget today to join a community shaping the future of blockchain interoperability! Analog (ANLOG) on Bitget Launchpool — lock BTC and ETH to share 23,333,431 ANLOG! Locking period: 10 February 2025, 11:00 – 15 February 2025, 11:00 (UTC) Project details • Token name: Analog (ANLOG) • Total supply: 9,057,971,000 ANLOG • Launchpool allocation: 23,333,431 ANLOG Locking pool 1: Total ANLOG Campaign Pool 11,666,715 ANLOG Maximum BTC locking limit for VIP1-VIP7 1 BTC Maximum BTC locking limit for VIP0 0.3 BTC Minimum BTC locking limit 0.0001 BTC BTC pool airdrop per user = user's locked BTC ÷ total locked BTC of all eligible participants × corresponding pool. Locking pool 2: Total ANLOG Campaign Pool 11,666,716 ANLOG Maximum ETH locking limit for VIP1-VIP7 15 ETH Maximum ETH locking limit for VIP0 10 ETH Minimum ETH locking limit 0.002 ETH ETH pool airdrop per user = user's locked ETH ÷ total locked ETH of all eligible participants × corresponding pool. Lock Now Analog (ANLOG) on Bitget PoolX — Lock ANLOG to share 3,030,315 ANLOG Locking period: 10 February 2025, 11:00 – 20 February 2025, 11:00 (UTC) Lock Now Locking pool Total ANLOG Campaign Pool 3,030,315 ANLOG Maximum ANLOG locking limit 15,151,515 ANLOG Minimum ANLOG locking limit 150 ANLOG ANLOG pool airdrop per user = user's locked ANLOG ÷ total locked ANLOG of all eligible participants × corresponding pool. Analog (ANLOG) on Bitget CandyBomb – Trade to share 2,545,466 ANLOG Promotion period: 10 February 2025, 11:00 – 17 February 2025, 11:00 (UTC) CandyBomb Promotion details: Total ANLOG Campaign Pool 2,545,466 ANLOG Spot trading pool*new user only 1,878,796 ANLOG Futures trading pool*new futures user only 666,670 ANLOG Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.