💬Coming Soon
StakeStone’s BTC products will launch soon.
Bitcoin serves as an if not the most important cornerstone of crypto, yet native BTC from the Bitcoin chain lacks smart contract functionality, limiting its liquidity and integration with DeFi protocols.
The lack of robust liquidity is the primary obstacle preventing BTC assets from realizing their full potential within EVM chains and other ecosystems. This limitation effectively freezes a vast reservoir of dormant liquidity within the BTC ecosystem, restricting its value to flow to other ecosystems and preventing it from playing a more active role in the broader DeFi landscape.
At StakeStone, we believe a strong BTC asset in the EVM ecosystems should have the following key features, and have built STONEBTC with the following features in mind:
Liquidity
Use cases
By addressing this liquidity challenge, StakeStone's BTC assets aim to significantly expand BTC assets' use cases in the crypto ecosystem, providing our users with liquidity and yield.
How SBTC ("StakeStoneBTC") & STONEBTC work
Introducing SBTC ("StakeStoneBTC")
SBTC is designed to act as a liquid, index BTC, addressing the issue of illiquid native BTC assets by providing robust omnichain liquidity. This innovative solution will facilitate BTC asset trading and enhance the utility of native BTC within EVM ecosystems as well as other Layer 1 and Layer 2 networks. SBTC will be composed of a diversified basket of ERC20 tokens, primarily BTCB, ensuring a solid foundation of liquidity.
Key Features of SBTC
Manifold use cases: Through close collaboration with leading ecosystems and blue-chip DeFi protocols, SBTC will have a wide range of outstanding use cases, such as various DeFi protocols on Berachain. These use cases will generate more yields for SBTC and unlock the potential of more BTC assets.
Omnichain Liquidity: SBTC is designed to offer seamless liquidity across multiple chains, solving the liquidity fragmentation problem inherent in existing BTC derivatives. Upon launch, SBTC will enjoy immediate omnichain liquidity, facilitated by Native's PMM mechanism, which ensures optimal pricing and liquidity depth.
Instant Withdrawals: Users can benefit from instant withdrawals with a 1:1 BTC ratio. This feature leverages BTCB's liquidity, ensuring that SBTC holders can easily convert their assets into native BTC.
Architecture of SBTC
Introducing STONEBTC
STONEBTC is a yield-bearing version of liquid BTC. By leveraging emerging yield sources such as Bitcoin staking and restaking networks, STONEBTC allows users to earn yields without sacrificing liquidity or DeFi utility. This design ensures that users can maximize capital efficiency while still participating in a wide range of DeFi activities.
Key Features of STONEBTC
Automatically Optimized Yields: STONEBTC, akin to STONE, offers users advanced underlying yield strategies that are interchangeable. This mechanism provides stakers with automatically optimized yields on their STONEBTC assets.
Omnichain Liquidity: STONEBTC leverages Native's liquidity to provide STONEBTC with deep omnichain liquidity, thus ensuring liquidity for time-locked BTC assets and providing more flexible methods for exit liquidity.
Enhanced Capital Efficiency: By allowing users to access yields without forgoing liquidity, STONEBTC increases capital efficiency, making it an ideal asset for DeFi enthusiasts who want to optimize their returns.
STONEBTC and SBTC together represent a comprehensive solution for enhancing the liquidity, utility, and yield potential of BTC assets within the EVM ecosystems and other chains. Our innovative assets empower users to fully unlock the potential of their BTC holdings, providing unmatched liquidity and efficiency in the ever-evolving world of crypto.
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