CandleFocus BingX Labs invests $10m in StakeStone to expand liquidity staking
2025-02-13
Author: Content Editor
BingX Labs, the innovation arm of crypto exchange BingX, has invested $10 million in StakeStone to support the development of omnichain liquidity staking and StakingFi applications. This partnership aims to improve liquidity infrastructure, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance (DeFi). Liquidity staking allows crypto holders to earn rewards by locking up assets to help secure a network, and omnichain liquidity staking enables staking across multiple blockchain networks. The collaboration will focus on three key areas: liquidity staking derivatives, StakingFi, and blockchain education. The funding will initially support StakeStone's ecosystem development and research into new staking use cases. Additionally, the partnership aims to promote blockchain education and grow the StakingFi community.
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