Get M-STONE Points in Manta Renew Paradigm with STONE

StakeStone
3 min readMar 22, 2024

--

StakeStone, in collaboration with its partners, is constructing the liquidity distribution network as the infrastructure. To enhance omnichain liquidity distribution and ecosystem prosperity, StakeStone offers additional rewards to participants utilizing STONE in the Manta Renew Paradigm. Participants will receive Manta<>StakeStone ecosystem points (M-STONE Points) as part of the StakeStone ecosystem activities series. Specifically for M-STONE Points, All M-STONE points recipients will share a reward equivalent to 1% of the total token supply of StakeStone in the future.

In the Manta Renew Paradigm, users can utilize multiple assets, including STONE, across over 10 Manta ecosystem protocols to enjoy a rich experience and earn multiple rewards from Manta Network, the ecosystem protocols, and StakeStone. Learn more about Renew Paradigm: https://renewparadigm.manta.network/

For users of STONE in Renew Paradigm, they will also be able to simultaneously accumulate M-STONE points to enhance their exploration experience of Renew Paradigm to the Next Level. M-STONE points will be calculated and distributed according to the following rules.

For addresses participating in Renew Paradigm, daily snapshots will be taken, and users will earn M-STONE points based on the amount of STONE staked/used at the time of the snapshot. The relationship between STONE and the daily points per STONE earned is as follows (the minimum unit for earning M-STONE Points is 0.01 STONE).

In the Renew Paradigm, participants can engage in a total of 11 protocols: LayerBank, Shoebill, ZeroLend, Keom, RealPerp, KiloEx, Pacificswap, Aperture, Monroe, Goku.money, and zkHoldem. Depending on the type of protocol and method of participation, the way STONE quantities are counted during daily snapshots varies slightly. In the following 6 protocols, STONE will be exchanged for different tokens, and the amount of STONE deposited by users will be calculated based on their respective exchange rates.

In the following 5 protocols, the amount of STONE deposited by users will be calculated based on the listed calculation references. When users provide liquidity in the DEX (whitelisted), the amount of both STONE and ETH will be included, and they will receive a 20% additional boost.

M-STONE points will continue to accumulate, and the corresponding StakeStone rewards will be distributed uniformly when the StakeStone airdrop occurs. The prize pool for M-STONE Points is 1% of the total token supply of StakeStone. Join Renew Paradigm now with STONE: https://renewparadigm.manta.network/

--

--