The largest crypto exchange platform in the world per volume is support for a new liquidity infrastructure project, which reduces the indigenous asset.
In a new announcement, Binance out That it rolled out support for the decentralized Omnichain protocol Stakestone (STO) on 2 May.
“Binance is delighted to announce the 17th project on the Hodler AirDrops page -Stakestone, a decentralized Omnichain -Liquidity infrastructure protocol designed to transform how liquidity is acquired, distributed and used about blockchain -eco -system.”
The Hodler Airdrops program, which was launched in June 2024, rewards those who keep Binance’s Native Asset BNB with crypto based on earlier snapshots of their balances.
News of the addition ensured that STO exploded, because it only a few hours later went from a low of 2 May from $ 0.118 to a peak of $ 0.204. The digital active has since retired and acts for $ 0.197 at the time of writing, an increase of 64.3% during the last 24 hours.
White paper of the project out It aims to resolve the issue of liquidity fragmentation within the industry of digital assets.
“The fragmentation of liquidity on different chains and protocols in the blockchain ecosystem results in billions of dollars in capital capital and missed yield options, reducing value creation and ecosystem growth.
Users are confronted with complex workflows and high costs when moving assets between chains, while protocols have difficulty maintaining deep liquidity pools.
Stakestone serves as a fundamental infrastructure layer that makes efficient liquidity distribution possible over the entire blockchain ecosystem. By offering a standardized framework for cross-chain liquidity management, Stakestone enables both established and emerging networks to gain efficient access to capital. ”
Sto was also part of Binance Alpha, a wallet function that started in December 2024. At the time, the crypto exchange said that “it was a new platform in the Binance portion that shines a spotlight on crypto projects at an early stage with the potential to grow within the web3 ecosystem.”
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