StakeStone releases white paper, governance token STO is responsible for coordinating the flow of value across the entire chain

ChainCatcher news, StakeStone officially released its white paper, which states that StakeStone is a decentralized adaptive full-chain liquidity infrastructure. The protocol introduces STONE (yield-bearing ETH), SBTC, and STONEBTC (representing full-chain liquidity BTC and yield-bearing BTC respectively) along with LiquidityPad, enabling users to unlock full-chain liquidity while earning optimized and sustainable returns.

The governance token STO of StakeStone is responsible for coordinating all value flows across the full chain while achieving decentralized governance of the protocol. StakeStone adopts a voting token model (veSTO) as the foundation of its governance system. By locking STO tokens, holders can obtain veSTO. Additionally, StakeStone will implement a multi-burn mechanism.