Exnetwork Takes Yield Farming to the Next Level With StoneDeFi
Exnetwork announces its investment in StoneDeFi, the first yield management framework focused on creating Rock Solid Yield for all the users in the decentralized finance space. This multi-asset staking platform allows for users to participate in validating the respective chain, while at the same time freeing the value locked in it and participate in liquidity pool to earn more. This is done by issuing a ERC20 liquid derivative token representing the staked token’s value on the Ethereum, Binance Smart Chain & Polygon Network.
Stone’s main feature allows users to use these liquid tokens to gain extra yields % by using these Liquid tokens to participate in liquidity pools or Staking. On top of maximizing yields, different assets will have other different features that benefit the stakers of different chains.
Stone focuses on developing innovative asset pools that maximizes return while keeping the LP capital as safe and secure as possible. They aim to create the most antifragile platform to meet the needs of the DeFi industry.
Stone: Rock Solid Yield
Here are some notable benefits from Stone DeFi:
- Rock Solid Yield — Decentralize investment by docking multiple mainstream strategies, such as Curve and Aave, to achieve stable returns for users.
- Multi-Chain Portfolio — Support multi-chain asset investment such as Ethereum, BSC, Polygon, etc., and provide various assets to choose from.
- Cross-Chain Bridge — Cross-chain asset staking through cross-chain bridges, obtaining higher returns.
- Maximize Profit — Maximize your yields by simply staking STN, let STONE strategies do the rest.
How does it work?
Step 1 — Staking you assets in StoneDefi, click Approve in wallet.
Step 2— StoneDefi gather assets and initiate investment portfolio through smart contract.
Step 3 — Obtain Staking Profit + STN rewards, feel the simplicity of the sophisticated investing.
The Stone Protocol Concept
The Stone protocol sees yield farming as a general concept to create value for token holders. That expands yield farming into not only Ethereum but also can be on other blockchains in the future. One low-hanging fruit is to provide pools for staking on other blockchains (experiments are being run to enable the staking from non-erc20 assets to unlock staking liquidity say allow taking Dot on stone platform and issue STN rewards for those stakers).
Check out their AMA session with The AMA Room here.
Get the latest news and updates from Stone DeFi:
Website: https://www.stonedefi.io
Telegram: https://t.me/stonefortress
Medium: https://stonedefi.medium.com
Twitter: https://twitter.com/defistone
Get to know Exnetwork Capital
Exnetwork is Philippines’ #1 crypto fund with strong ties to every major geographical crypto community in the world. It’s exceptional network include several DAOs, telegram communities, a leading validator, incubator, idea labs, gaming guilds and growth agency.
In 2021, we’ve seen an incredibly strong period for innovation at Exnetwork Capital, with a barrage of creative projects developed by builders, early adopters, and visionaries all looking to develop the next big thing in crypto. Exnetwork Capital aims to invest in a diverse group of projects that will surely disrupt the market.
Website: http://exnetworkcapital.com/
Medium: https://medium.com/exnetwork
Telegram: https://t.me/exnetworkpublic
