Binance Labs Announced the New Altcoin Project It Invested in!

Binance Labs has announced its investment in StakeStone, a project focused on the development of the Omnichain liquidity distribution network. StakeStone is a staking protocol designed to connect multiple chains and provide staking, future re-staking returns, and liquidity to emerging chains and ecosystems. With its scalable architecture, StakeStone aims to support various staking underlying assets, including ETH POS staking and other emerging staking types. Binance Co-founder and Head of Binance Labs, Yi He, expressed excitement about StakeStone’s potential to address the complexities of omni-channel liquidity distribution and expand participation in the industry. The investment was announced on Twitter by Binance Labs on March 25, 2024. It is important to note that this information should not be considered as investment advice.