STONE in a Nutshell

STONE is a non-rebase ERC-20 token that has the same mechanism with Lido's wstETH in terms of yield generation. Non-rebase implies that the balance of STONE in your wallet will not increase. However, the value of STONE in ETH will increase as a result of the accumulated ETH staking yields.

For instance, if user A deposited 100 ETH for 100 STONE, and one year later, the value of 1 STONE becomes 1.04 ETH, the user can withdraw 104 ETH from StakeStone with 100 STONE.

STONE’s price refers to the price within the smart contract, NOT the price on DEX or information platforms like Coingecko. The price of STONE within the contract is the data used when users deposit or withdraw their ETH. Users can always redeem their ETH in StakeStone according to STONE’s price in the contract at the moment. The STONE’s price for deposit and withdraw can be found on StakeStone’s frontend at https://app.stakestone.io/u/stake.

STONE is also an Omnichain Fungible Token (OFT) based on Layerzero. This feature allows STONE to be seamlessly bridged across different chains. Additionally, StakeStone utilizes Layerzero’s solution to develop customized contracts, further enhancing STONE’s cross-chain compatibility.

The bridging of STONE accumulated in the Bitcoin ecosystem will be utilizing Polyhedra and zkBridge for the upcoming mainnet.

STONE’s address:

Ethereum Mainnet: 0x7122985656e38BDC0302Db86685bb972b145bD3C

Manta Pacific: 0xEc901DA9c68E90798BbBb74c11406A32A70652C3

STONE‘s Price

What is the Function of STONE’s Price in Contract?

Deposits and withdrawals in StakeStone are executed based on its internal price, rather than the DEX price. For instance, currently, if a user holds 1 STONE, they can withdraw approximately 1.0021 ETH via StakeStone's frontend.

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