CandleFocus Binance and Polychain Support StakeStone’s Liquid Staking Ambitions
2024-11-12
Author: Content Editor
StakeStone, a company focused on developing liquid staking solutions, has closed a $22 million fundraising round led by Polychain Capital and with investments from Binance Labs and OKX Ventures. The company aims to improve its staking infrastructure for Ethereum (ETH) and Bitcoin (BTC) investors and plans to launch liquid Bitcoin products to complement its current ETH staking solutions. StakeStone is also collaborating with key DeFi protocols and ecosystems to drive adoption and use cases in the decentralized finance field. The funding round is expected to help boost StakeStone's position in the market. Binance Labs has also made investments in BIO Protocol, a funding platform for scientific research, to support the growth of the BioDAO ecosystem.
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