Stone and Steakbank.Finance Reach a Strategic Partnership
We are pleased to announce that we have made a strategic partnership with Steakbank.Finance, a Binance Smart Chain (BSC) liquid staking platform that aims to solve the liquidity issues found in the current decentralized finance (DeFi) sector.
Steakbank.Finance will provide Stone DeFi support to increase asset liquidity on the Binance Smart Chain through our cooperation. Stone is working on BSC integration at the moment and will launch on the network in a few days. Both parties will closely cooperate to promote the use of liquid assets on both platforms in the future.
About Stone DeFi
Stone is the only yield management framework focused on creating Rock Solid Yield for all the users in the DeFi space, through cross-chain assets and liquid staking. Stone aims to create the most antifragile platform to meet the needs of the DeFi industry. With the inclusion of yield-bearing assets introduced by Stone, it will further create yield-based derivatives such as ‘Risk Optimized’ Yield indices and other derivatives.
About SteakBank
SteakBank is a Binance Smart Chain (BSC) liquid staking platform. It allows derivative tokens to be issued on the BSC blockchain through the BEP20 standard. These representative tokens can then be used for liquidity farming or as collateral for decentralized lending, enabling users to earn multiple income streams from one single asset.
A simple yet powerful project, SteakBank aims to solve the liquidity issue found in the current DeFi sector. Currently, when users stake with validator, their tokens are locked up and unable to be used for other yield generation purposes such as liquidity providing, or lending. SteakBank is able to solve this problem and improve user’s capital efficiency.
Steakbank not only benefits token holders and project ecosystems by optimizing capital efficiency but also allows the communities to earn additional income without the need for further token allocation.
Steakbanks’ native token, SBF, will also be rewarded when users stake their liquid token in SteakBank’s liquidity pool.
