Stone Token (STN) is a multi-asset staking and yield-farming platform for users to participate in validating on the respective chain. Stone DeFi aims to create a ‘rock-solid’ yield for decentralized finance shareholders. Consequently, users can trade, manage, stake, and earn STN rewards on the platform.

As per its litepaper, Stone DeFi seeks to employ compound protocol for trading in the platform. A Compound protocol is a feature that runs on the Ethereum blockchain and delivers variable returns to the users for supplying assets to the liquidity pool. The platform plans to use a compound protocol for providing rewards to the users in the form of STN tokens. Moreover, the platform aims to facilitate users with multi-chain portfolio management across Ethereum, BSC, Polygon, etc.

STN is an ERC-20 and governance token that stakes rewards benefits to the users. As a governance token, the platform aims to provide voting power to the users for asset pool allocations, the addition of new assets, reward schemes, etc. Additionally, the platform seeks to reward the users with STN for staking assets in the liquidity pool and using different rewards schemes for other pools.

Further, Stone DeFi aims to support start-up projects from the creation of liquidity of STN due to staking. Stone DeFi plans to employ STN for utilities such as paying fees for cross-chain execution and security for staking assets. The platform also burns a percentage of STN tokens to reduce availability and increase market value.

Stone Token (STN) is from Stone DeFi, which began its operations in 2021. The total supply of STN tokens is one hundred million.

We werken onze Stone DeFi naar EUR valuta in realtime bij. Ontvang de actuele prijs van Stone DeFi op Coinbase.