GAINS Associates
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GAINS Associates

Stone Defi — Telegram AMA — October 06

On Wednesday, October 06, we had the pleasure to welcome to our Telegram chat:

Stone Admin

We asked him questions about the development of Stone Defi.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

Stone DeFi is a one-of-a-kind yield aggregator creating Rock Solid Yield for DeFi investors looking to maximize their yields with innovative asset pools securing assets and safeguarding liquidity provider returns. Stone protocol is deployed over multiple smart contract platforms, the multi-chain deployment enables cross-chain multi-asset staking.

Stone DeFi provides continued innovation of UI access to smart contracts across multiple chains. The team disciplines are diverse. Stone DeFi focuses on quality networks and assets on Ethereum, Binance Smart Chain, Polygon, and Polkadot smart contract platforms. Stone DeFis ecosystem rewards active participation in STN the token economy that underpins our product.

The STN token is primarily a reward and liquidity provision for community and pools, incentivizing portfolio rebalancing and cross-chain fee mechanisms will add to the fundamental utility of STN. As Stone DeFi realizes and develops the DAO governance the token will play an increasingly crucial role over time. Very soon staking and rewards for STN will run concurrently with other quality token assets compounding with variable lockup periods maximizing yield and realization of returns.

Introduction

Q — Ayeley from GAINS: We are looking forward to an update on how things are going over at Stone. Please introduce yourself. What did you do before crypto and did you have any other previous venture in crypto?

A — Stone ADMIN: I’m here representing Stone DeFi and very pleased to be here discussing Stone with you all today, let me introduce myself

I focused on quality crypto projects with huge potential, obviously bitcoin being the first and later Ethereum which is when I started to get more interested in smart contracts, and now… Stone DeFi is an emerging one-of-a-kind yield aggregator for creating ‘Rock Solid Yield’ for Defi investors looking to maximize their yields.

With innovative asset pools securing assets and safeguarding liquidity provider returns. Stone DeFi provides continued innovation of the UI to the smart contracts across multiple chains including Ethereum, Binance Smart Chain, and Polygon. Our team disciplines are diverse which enables us to develop cross-platform solutions for the DeFi universe. We focus on quality networks and assets on Ethereum, Binance Smart Chain, Polygon, and Polkadot smart contract platforms.

About

Q — Ayeley from GAINS: Alright. I see you have already told us about Stone. How long have you been working on it and what sets it apart from the competition?

A — Stone ADMIN: As we know, cryptocurrencies emerged with the bitcoin genesis block message On Jan. 3, 2009, quoting “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” This message leads many to believe decentralized cryptocurrencies to be a solution to the kind of problems that arise from traditional centralized financial institutions. The 2008 financial crisis is an example of one such problem.

I think it is fair to say bitcoin gave birth to the DeFi movement which is creating new ways of digital finance in a more transparent decentralized manner.

As a DeFi project, Stone is composed of several teams that focus on the management and delivery of the core product features, development, marketing, and community. Our teams and members are geographically spread worldwide and very much focused on the development of the decentralized ecosystem. Stone is the only yield management framework focused on creating Rock Solid Yield for all the users in the DeFi space

Q — Ayeley from GAINS: What are some milestones achieved by Stone so far that you’d like to highlight? Also, can you tell us about the Stone single token staking and the opportunities it opens up for the community?

A — Stone ADMIN: As mentioned already we added STN staking on Ethereum meaning STN token holders can now stake STN to earn STN

As you can see from this tweet, there are some quality assets offering rock-solid yield. The name “stone” comes from the idea of a rock-solid yield aggregator. Rock Solid Yield is the priority given to quality assets that give credibility to investments.

Q — Twitter user @BaituShuvo: How expensive is it to use Stone Defi? Do you have any tutorial articles or videos?

A — Stone ADMIN: Great question, Ethereum is so popular the innovation of smart contracts has to lead to the development opening a whole industry and today there are many smart contract platforms, the transition to proof of stake in Eth v2 should ease gas fee obstacles which have arisen due to the demand and we are prepared and looking forward to the transition.

We also have integration with Binance Smart Chain and Polygon the interoperability with these PoS blockchain networks means Stone DeFi users can benefit from lower transaction fees today, You can try Stone Defi v2 on these networks simply connect your Metamask or Token Pocket wallets

We have several resources to help people get started

Also, feel free to join the Stone Fortress if help using the interface is required

Q — Twitter user @Reiyian_12: There has been a great deal of testing and a code-intensive audit process to examine and improve the robust smart contracts at the heart of Stone DeFi. So can you tell us about the recent Stone DeFi V2 and if you plan to conduct any other audits in the future?

A — Stone ADMIN: Stone DeFi is rock solid, the code audit which was completed recently provides a comprehensive report. We call on the community to read the report and offer constructive feedback so our auditors can continually improve and help us all in providing a safe as possible ecosystem for this emerging technology that is reshaping the digital financial landscape. Stone is a movement to build smarter and safer yield farming practices.

We have announced a live bug bounty and it was reported on DeFi News.

Q — Telegram user Orlemys: I noted we can only connect our MetaMask or Tokenpocket wallet to try out the Stone Defi v2. Will there be integrations of new wallets soon, such as TrustWallet? Can we expect that?

A — Stone ADMIN: We have a section in our documents on Wallets that covers Metamask browser and TokenPocket mobile wallet

You can also use Metamask mobile version. More wallets will be added as they become available. You might also be able to access Stone DeFi using Wallet connect with trust wallet. I haven’t tested that but expect that it would be possible for quite a few wallets.

Token

Q — Ayeley from GAINS: What role does the token play in the ecosystem?

A — Stone ADMIN: At this early stage the STN token is primarily a reward and liquidity provision for community and pools incentivizing portfolio rebalancing and cross-chain fee mechanisms will add to the fundamental utility of STN.

On Sept 30 we added STN staking on Ethereum meaning STN token holders can now stake STN to earn STN rewards concurrently with other quality token assets, compounding and maximizing yield and realization of returns.

Q — Telegram user Demvrick: What is the max supply and what is the circulating supply? how is the distribution of the STN allocation?

A — Stone ADMIN: For tokenomics please see our stats on CoinGecko they track this data very well for us.

You can also find some stats on CoinMarketCap for STN available markets etc.

With Metamask it is easy to buy sell and swap STN.

Business Development

Q — Ayeley from GAINS: Stone has been trading for over 6 months now. With respect to your roadmap, what should we expect in the next weeks and months?

A — Stone ADMIN: The next weeks and months are packed with activity for Stone Defi, as you know Stone Defi is available on multiple quality networks and our Rock Solid Yield strategy is based on quality assets we have included the STN token asset on Ethereum and we will also make that available on BSC and Polygon networks.

Users enjoy the lower transaction fees on BSC and Polygon and many STN stackers are looking forward to waiting patiently for us to include STN token staking on those networks

Thanks for coming into our community, and taking the time to answer our questions. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley from GAINS

Thank you for all the great questions. Feel free to join us on Telegram — Stone ADMIN

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