StakeStone releases white paper, governance token STO is responsible for coordinating value flows across the chain
On February 26, StakeStone officially released a white paper, which stated that StakeStone is a decentralized and adaptive full-chain liquidity infrastructure. The agreement introduces STONE (interest-bearing ETH), SBTC and STONE BTC (full-chain liquidity BTC and interest-bearing BTC respectively) and LiquidityPad, allowing users to release full-chain liquidity while earning optimized and sustainable returns. StakeStone's governance token STO is responsible for coordinating all value flows across the chain while achieving decentralized governance of the protocol. StakeStone uses the voting token model (veSTO) as the foundation of its governance system. By locking in STO tokens, holders can receive veSTO. In addition, StakeStone will also use multiple destruction mechanisms.
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