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Binance Labs Invests in StakeStone amid Growing Interest in Restaking Sector
Binance Labs, Binance‘s venture capital subsidiary, has invested in StakeStone, an omnichain liquidity distribution network amid ongoing interest in the restaking sector, where significant capital continues to flow. However, the specific investment amount remains undisclosed.
The move underscores Binance Labs’ increasing focus on restaking, where users stake their already staked assets to generate additional returns. StakeStone aims to provide a comprehensive platform, connecting diverse yield sources beyond just cryptocurrencies, offering a versatile solution for this emerging trend.
In an interview with The Block, Charles K, co-founder of StakeStone, said that StakeStone, an “omnichain liquidity distribution network”, claims to combine diverse yield sources – including Ethereum staking, restaking, tangible assets, artificial intelligenc
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