StakeStone Omnichain Carnival Wave 1 Upgrade

User enthusiasm for StakeStone’s Omnichain Carnival is increasing, accompanied by a wealth of intriguing ideas! After thorough collection and consideration of community’s feedback, StakeStone is now officially upgrading Omnichain Carnival Wave 1. This upgrade includes:

• Introducing a point mechanism (STONE-W1 Points). Users who have already deposited STONE on the ETH Mainnet can now view their accumulated points on the carnival page
• Collaborating with Scroll, holding or using STONE on Scroll will also enable users to accumulate STONE-W1 Points while enjoying Scroll’s Session Zero
• Removing the deposit limit for Wave 1
• Providing more options for users who have already deposited STONE in Wave 1. No lock up.

With the introduction of new mechanisms and partners, users will be able to unlock more possibilities in the StakeStone Omnichain Carnival and enjoy greater flexibility! Dive in for more.

Introducing STONE-W1 Points:

Users who have previously deposited STONE/ETH in Wave 1, as well as new participants in Wave 1, will receive STONE-W1 Points. In the end, the Wave 1 prize pool, which is 3% of StakeStone’s total supply, will be shared based on the amount of STONE-W1 points held.

Unlocking More Possibilities on Scroll:

StakeStone has partnered with Scroll in the Omnichain Carnival. Users holding and using STONE on Scroll can now accumulate STONE-W1 points and have the potential to earn additional layers of rewards. The bridge of STONE to Scroll is powered by LayerZero. With the launch of Scroll Session Zero, STONE on Scroll can also obtain Marks. Lean more about Scroll Sessions: https://scroll.io/blog/introducing-scroll-sessions

Starting from 12:00 UTC on April 17, 2024, users holding or using STONE on Scroll can accumulate STONE-W1 points:

• <Amount of STONE held on Scroll> × <Hours> × <1 point per STONE per hour>

STONE will gradually expand its use cases on Scroll. Users will accumulate STONE-W1 points and receive boosts by participating in more protocols on Scroll.

For example, in Tranchess, users can split STONE into turPSTONE and staYSTONE in Tranchess to diversify their experience with leveraged points accumulation, fixed rewards, and incentives from Tranchess, explore more: https://tranchess.com/swap/STONE

• 1 STONE can be wrapped into 1 stoneQUEEN, and 1 stoneQUEEN can be further split into 0.1 turPSTONE and 0.9 staYSTONE
• Users can also swap turPSTONE or staYSTONE on Tranchess with STONE
• staYSTONE will not receive any STONE-W1 points, as all points for staYSTONE are gathered on turPSTONE
• Holding turPSTONE will receive ×2 STONE-W1 points
• Providing staYSTONE / STONE liquidity in the AMM pool will receive ×2 STONE-W1 points (The calculation will be based on the amount of STONE you have provided in the pool)

Join the carnival now! Visit https://carnival.stakestone.io/, get an invite code, connect your wallet and Twitter to start. Users can bridge STONE to Scroll on the carnival page or within StakeStone’s product.

To check and receive your STONE-W1 points, please activate your address in the carnival page: https://carnival.stakestone.io/

Calculation of Points on the ETH Mainnet before April 20, 2024:

For all current users who deposited STONE/ETH in carnival Wave 1, they already received:

• <Amount of STONE deposited in carnival> × <Hours> × <1 point per STONE per hour>

User’s STONE-W1 points have been accruing since the moment they deposited STONE or ETH, and users who have deposited on the ETH Mainnet for carnival can now see accumulated STONE-W1 points. After April 20, calculation of STONE-W1 points on the ETH Mainnet will be based on cSTONE holdings.

Enhanced Flexibility for Wave 1 Participants

Your ETH won’t be locked up. StakeStone has managed significant ETH outflows and inflows. We will maintain this flexibility.

After April 20, STONE deposits on the ETH Mainnet will cease. Following this, users can withdraw their deposited STONE from Carnival using cSTONE on the ETH Mainnet.

If a user withdraws STONE using cSTONE, their existing STONE-W1 points will remain unaffected but will no longer accumulate new STONE-W1 points. Following April 20, for users who have previously deposited STONE on the ETH Mainnet, the accumulation of their STONE-W1 points will be based on cSTONE. Holding cSTONE on the mainnet allows for the normal accrual of STONE-W1 points, with an additional 15% Boost available for using cSTONE in Zircuit and Mode:

Hold cSTONE on the ETH Mainnet:

• <Amount of cSTONE held on the ETH Mainnet> × <Hours> × <1 point per cSTONE per hour>

Deposit cSTONE in Zircuit:

• <Amount of cSTONE deposited in Zircuit> × <Hours> × <1 point per cSTONE per hour> × 115%
• Stake cSTONE in Zircuit: https://stake.zircuit.com/

Hold cSTONE on Mode:

• <Amount of cSTONE held on Mode> × <Hours> × <1 point per cSTONE per hour> × 115%
• Bridge cSTONE to Mode: https://bridge.mode.network/

Other Boosts and Referral Rewards for Carnival Wave 1

• Users who joined early access (activated their carnival account before March 31, 2024) will receive a 15% boost in STONE-W1 points
• Users will receive 25% of all STONE-W1 points earned by their invitees as a referral reward
• Participants of carnival Wave 1 will receive a 5% boost in carnival Wave 2
• Participants of carnival Wave 1 will receive a larger share in loyalty rewards

Join the carnival now: https://carnival.stakestone.io/ More waves incoming 🎉