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Topics of this seminar:
Understand the basic situation of the STONE project
Brief analysis of STONE advantages
STONE project strength
STONE Innovation and Planning
STONE partner
STONE token application scenarios
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STONE basic information
STONE is the only management agreement that focuses on creating long-lasting and stable income for all users of the DeFi ecosystem. STONE is positioned as a cross-chain asset aggregation income platform, aiming to expand the current DeFi income market and develop into a cross-chain asset aggregation and income market. With the positioning of the income market shifting to ERC20 assets, STONE will seek more development opportunities through multi-chain proof-of-stake (POS) assets in the second stage, and is committed to becoming a global income market. By reasonably combining the functions of Substrate and Polkadot, STONE will further create derivative products based on stable income, and provide innovative products with a wide range of benefits for more blockchain users.
Under the upsurge of DeFi liquidity mining, compared with other DeFi protocols that provide liquidity mining, STONE will not adopt a new protocol just to pursue a higher APY (annual yield), but will use stability and Sustainability to define APY. In STONE, STONE introduces an index to hedge the risk of a single asset, and STONE will be able to deploy the underlying assets to bring additional benefits to index holders. In short, through: Sharpe Ratio, an indicator that can comprehensively consider the annualized rate of return (APY), risk and return assessment, is the reason why users choose STONE among many liquidity mining . Regarding the Sharpe ratio, it is mentioned in STONE's Litepaper, including the mathematical explanation of the Sharpe ratio and portfolio rebalancing. This enables investors to examine the risk-adjusted return of a portfolio or asset. In fact, this strategy has been widely used in traditional financial markets.
Many blockchain projects have painted a good vision for users in the early stage, but they often fail to realize it during the development process. For investors, STONE's background strength is very strong, because the success of the project often requires support from various aspects such as capital, technology, marketing and community promotion. In terms of funds, at the end of 2020, STONE received investment from a number of investment institutions focusing on the DeFi field, including Arrington XRP Capital, Signum Capital, Longhash Ventures, Hyperchain Capital and Nabais Capital. At the beginning of 2021, it also received support from more investment institutions such as DFG and Dealean.
In terms of technology, RockX, as part of the STONE development team, provides technical support for STONE. RockX is a technology development company with extensive experience in blockchain development and runs various blockchain nodes such as Polkadot, Terra, Solana, and Oasis. RockX pledged to support the Polkadot ecosystem with $20 million over the next five years through technical and financial support. With RockX's technical support, STONE's product development will be more efficient.
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STONE's innovation in DeFi ecology
Regarding the innovation of DeFi, the first stage of STONE is to create long-lasting and stable income, providing STONE users with a stable currency income strategy, so that they can allocate or deploy stable currency reasonably. STONE has successfully launched an Alpha test mining program for stablecoins, including USDC pool and USDT pool. The amount staked or Total Value Locked (TVL) is quite high, both totaling $25 million. Next, STONE will also conduct in-depth research on the liquidity of PoS assets, such as the upcoming deployment of ETH2.0. As we all know, ETH2.0 is the planned upgrade of Ethereum, and it is also the general trend. Ethereum will gradually become PoS, so STONE must follow its pace.
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The layout of STONE on ETH2.0
On this question, please allow me to take a moment to give you a more detailed answer. Now, STONE starts from ETH2.0 to establish a pledge asset liquidity mining market. Described here is a new class of liquid collateralized assets and new strategies on DeFi. This is a "blue ocean" for yield mining. STONE calls on all participants in the ecosystem to seize the opportunity to cooperate with each other.
For Ethereum 2.0 pledgers, if you are a supporter of Ethereum and have already pledged or plan to pledge ETH on ETH2.0, please learn how to participate in the pledge of ETH2.0 to earn income. You are welcome to join the STONE community and share with you how to create additional income.
First of all, for Ethereum pledge providers, STONE can design strategies to increase the income of pledge liquidity tokens issued by pledge providers. Through the joint efforts of both parties, STONE can ensure the security of the pledged ETH. And integrate all kinds of pledged ETH.
Second, for decentralized exchanges (DEXs), with the emergence of new types of assets, STONE can build a large liquidity pool for tokens on DEXs. Just like stablecoins, stablecoins can be used by anyone and can be circulated between exchanges without barriers.
Third, for the lending protocol, STONE and the lending protocol can cooperate to create a lending market for pledged liquidity ETH and other PoS tokens that will be pledged in the future.
Finally, for derivatives protocols, pledged tokens (similar to interest-bearing bonds) present an excellent opportunity for users with different risk appetites and return expectations to construct yield derivatives.
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STONE ecological pass STN
The ecological token of the STONE project (the token name is STN) will be open for trading on Huobi Global at 3:00 pm on March 31, 2021 (GMT+8).
STN token is STONE's ecological governance token and will play a vital role in the ecosystem. The main role of STN is to be used for protocol governance, and to further enable and reward liquidity during the startup phase (each pool has its own specific STN reward plan for scaling up). In addition, STN will be used to incentivize portfolio rebalancing (for example, STN rewards may boost funds in certain pools to attract more funds to maximize mining returns), pay cross-chain transaction fees, and act as a security deposit , to protect funds in liquid mortgage assets.
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STONE project development plan
Since the STONE project was created, it has made continuous progress. At present, STONE has completed the smart contract audit and Alpha test mining plan. Since the Alpha launch, the total value locked (TVL) in both the USDC pool and the USDT pool has reached $25 million. The STONE Defi Alpha test mining program has ended at 00:00 on March 26, 2021 (GMT+8). At the same time, STONE has a staking pool with rEth, and there are already more than 1,000 rETH on STONE.
The rewards for the Alpha test mining plan will be distributed as soon as possible, and the calculation results of the mining plan will also be announced in the near future. For STONE, this mining plan is a good sign, because STN is currently not available for sale in the market. Although it is impossible to predict the rate of return or annualized rate of return (APY) of mining, users are still willing to participate. This proves that everyone still believes in STONE and is willing to grow together with STONE.
In addition, STONE has also decided to carry out token IDO on Bounce, and will soon carry out STN transactions. STONE has started the STONE mining plan with Huobi Global on March 24, 2021, and plans to start trading at 3:00 pm on March 31, 2021 (GMT+8).
Therefore, as you can see, STONE has completed the development of the stable currency strategy, and is not only researching the ETH2.0 liquidity mining strategy on Ankr ETH and StaFi (rETH), but also discussing with more partners how to Conceptualize new products.
Next, STONE will build products in the Polkadot ecosystem and integrate with Substrate. If you want to get more project information, please continue to pay attention to STONE's official website and channels.
· Official website:https://www.stonedefi.io
· White paper:https://www.stonedefi.io/file/stone_litepaper.pdf
· Telegram: https://t.me/stonefortress
· Twitter: https://twitter.com/DefiStone
· Medium: https://stonedefi.medium.com
