Enable STONE/ETH (0.05% fee tier) V3 gauge on BNB Chain

Gauges
1

Overview

stakestone.io is a liquidity layer infrastructure. By connecting the consensus layer and application layer in the multi-chain era, StakeStone is building an omnichain liquidity distribution network, which empowers the supplier and demander of the liquidity. STONE is the yield-bearing ETH issued by StakeStone and it is deployed on multiple chains.

Stakers: 110k

Withdrawal: Enabled

Current TVL: $500 M

Background

STONE is the yield bearing ETH. It is a rebalancing, OFT standard token. STONE is minted on ETH mainnet by StakeStone’s contract. When user deposit ETH into the vault, STONE will be minted.

StakeStone is incentivizing STONE-ETH liquidity on PancakeSwap within its campaign. This proposal aims to whitelist STONE on PancakeSwap on BNB Chain, to demonstrate its icon in PancakeSwap’s UI, and preparing for the future incentives.

Details

  1. Boost Multiplier and Emission Cap %: Default
  2. Audits:
  1. Token Utility: STONE is the yield-bearing ETH minted by StakeStone’s contract. https://github.com/stakestone/audits/blob/main/VAR-StakeStone-231208-2.pdf
  2. Volatility: Withdrawal enabled for ETH with STONE.
  3. Oracles: RedStone, API3, and Supra are providing the price feed for STONE on several chains and applied by Defi protocols such as lending, CDP, etc.
  4. Control: 2/3
  5. Merit: StakeStone will continuously incentivizing STONE liquidity on PancakeSwap and keep on building use cases for STONE on BNB Chain accordingly. These actions will brought volume, users, and TVL to PancakeSwap.

Links

  1. Token address

  2. Stone(Ethereum): 0x7122985656e38BDC0302Db86685bb972b145bD3C

  3. Stone(BNB): 0x80137510979822322193FC997d400D5A6C747bf7

  4. Liquidity pool address

  5. 0xb66cB4092277ee946d4FbA1D34f425329fEdd37e

  6. Position manager vault address (if applicable)

  7. Website

  8. https://stakestone.io/

  9. Socials

  10. https://twitter.com/Stake_Stone

  11. Documentation

  12. Introduction | StakeStone

  13. Any other relevant links

  14. https://dune.com/HolyMoon/stakestone

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Thank you for your application! The Kitchen has enabled the STONE/ETH (0.05% fee tier) V3 gauge on BNB Chain with 1x boost multiplier and 0.5% emissions cap.

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