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$STO in 2025 and Beyond
Recorded: April 4, 2025 Duration: 0:37:51Space Recording
Short Summary
StakeStone is making waves in the DeFi space with its omni-chain liquidity asset protocol and the upcoming launch of its governance token, STO. The project is focused on enhancing capital efficiency, expanding partnerships, and providing unique yield opportunities for users, all while engaging the community through innovative campaigns and educational initiatives.
Full Transcription
Thank you. Hi, everyone. Thanks for joining us today. Can you hear me well?
Hi, everyone. I've been here.
Okay, nice. So today we're having STO with us, Project STO.
Okay, nice. So today we're having STO with us, project STO.
Please, could you have maybe a short introduction first about yourself,
if you're not doxxed, if that's fine with you.
Then maybe we can go with a short introduction of the project overall, as usual.
And afterwards, we'll try digging it with more in-depth questions.
Also, guys, as as always thanks for joining you
have a live chat available on the side of this uh of this thread of this ama this uh side uh
this side chat is for you live chat is for you we'll be picking up questions with my invitee here
later on during the the ama for you to have an opportunity first to get the answers to some
questions you may have about the project but also to increase have an opportunity first to get the answers to some questions
you may have about the project, but also to increase your chances to be selected for the
giveaway we're organizing for this AMA.
So please do not hesitate.
This space is for you.
So would you like to go along with this schedule?
Yeah, sure.
Sounds great, man.
Maybe I'll start introducing myself.
Yourself first. But yeah, Stickstone as well. All right. Maybe I'll start introducing myself. Yourself first.
Well, yeah, Steakstone as well.
All right, so I'm Ivan, the same as Steakstone.
So I've been in space for quite a couple years now.
I've seen the last two cycles up and down.
And I'm also a user of Coolcoin as well.
So, you know, Coolcoin's app has, I would say...
Aren't we all?
Yeah, I would say that Coolcoin coins app has went through a few revamps and the user experience is pretty good right now and you know keep up the
google about that and uh i myself i've been with exchanges in the past um and then with layer ones
as well and also now with d5 protocol that's called StakeStone.
So let me just share a bit more about what StakeStone is
and what STO means, what STONE means,
and the other u-bearing assets that we have.
So StakeStone is an omni-chain liquidity asset protocol.
We are actually building an adaptive staking network
for LiquidEVE and BTC.
So through our u-bearing assets,
STONE and STONE BTC. So through our u-bearing asset at Stone and Stone BTC
actually allows for asset staking beyond the traditional
consensus layer.
And it's fully decentralized.
We are allows for multi asset compatibility
because we are built on layer zero.
And we are able to cross chain, whether it's on EVM
or non-EVM chains as well.
And we also have automatic new optimization.
And what we actually aim to do is to really maximize the capital efficiency for the crypto space.
So our vision is to really establish new standards of liquid assets,
and also help to distribute the liquidity across different ecosystems to earn widespread user trust and also adoption of crypto.
So that is a general intro of StakeStone.
So StakeStone, we have three assets.
First is Stone, which is the U-Bearing Eve. I think it has been widely used in a couple of major campaigns
since early 2024, since Menta Paradigm, which some of you
might be familiar with.
And after that, we moved on to help
scroll build around 500 million TVL
as well from the month of April to August,
all the way until the TGE.
And then after that, we also went on to build Barachain,
which a lot of people are very familiar with,
especially in the DeFi space that we did towards the end of the year.
We actually launched it on Christmas Day late last year.
And I think it has been great so far for us with the recent
announcement on you know listing whether it's listing on the exchanges doing an
IDO to allow more community involvement getting getting a piece of STO so what
STO is is actually a say is's a, it's a governance token of StakeStone.
And what it does really is to be able to bring more utility and also, you know, the future rewards on our,
for our stakers is really to receive tokens.
We actually have two types of tokens.
One is STO and the other one is the VSTO,
which is the voting escrow STO and the other one is the VESTO, which is the voting escrow STO.
So with our product on the liquidity pad, in future, people who are holding VESTO,
they would receive additional benefits and rewards if they were to hold VESTO instead of the governance token of STO.
So for that one, there's going to be more news upcoming.
So yeah, really excited for what's happening with KuCoin
and also the campaign that we're running right now.
Okay, thanks.
So we're purely in DeFi at the moment.
Actually, it's a narrative that is always strong in crypto,
even during this cycle.
Even despite the fact
that it has not been the narrative
at the forefront of the attention
the whole time,
especially this cycle,
there have been numerous other narratives.
But still, it has been
an underlying point of interest,
obviously, and lots of innovations.
Mostly centered, it's true,
around RWAwa would you have
any orientation towards that with the project or is it not in the scope at the moment yeah so i
think we started off as like you know like a staking restaking protocol which i think a lot of
you know a lot of staking program calls came out around late 2023. And we actually evolved more than just staking and restaking.
We actually moved towards being an omni-chain liquidity
infrastructure, where our true vision is to really provide
liquidity in all aspects, whether it's towards RWA,
whether it's towards different ecosystems, even towards like, we also accept
stablecoins as pre-deposits on our liquidity pad as well.
So we're actually evolving just more than being a staking and restaking protocol.
We are also moving into PayFi as well.
I think we have announced that in one of our latest
announcements on X that we would be actually creating
a PayFive product that enables more utility of the governance
token as well.
And also, I think we actually take a lot of time
to build our product.
So when we first built Stone, the U-Bearing asset of Eve,
we were a bit, I would say that because we wanted to ensure
that the product was a right fit and also the product was smooth
for everyone to use and also for the ecosystems to trust us
as well, or trust stone the product
we actually ensured that we did enough testings enough audits before launching the product to
the market and when there was a time where like BTC5 was a really hot thing, especially back in 2024.
Absolutely.
I remember it was around March, April, there were a bunch of, you know, BTC5 protocols that came out.
And then, like, you know, towards, I would say the end of 2024, a lot of them started to either
A lot of them started to either pivot or fade away from that narrative.
pivot or fade away from that narrative.
And it's only till towards the end of the year, we started our BTC Phi product.
Because we were waiting for a right market fit and also to actually know where the real you is coming from.
So what we want to do...
So do you think this BTC Phi kind of uh because you call it a narrative but in the end
it's also probably more than that do you think this is a will be part of the centerpiece of defy
on the long i i i actually think that btc5 works it's just that in the earlier uh days i think the
like you know a lot of projects they're very eager to to push their project out or product out.
And they were actually giving out their own you, right?
Like whether it's in points, whether it's in anything.
But they were giving out their own rewards, right?
And I think that was actually a problem because it's not sustainable, right?
How can you always be giving your own rewards?
And after TGE, then it's like, you know,
what's going to happen to those rewards, right?
How are you going to be paying, you know,
all that percentage that you see?
Yeah, the economics of such BTC5 is not the best.
So here, for us at Stakestone,
we always search for the best you out there
and, you know, and work with the ecosystem
and push the campaign out.
So the you still comes from us,
a part of it, right?
But most of the you is actually coming
from the ecosystem itself,
which makes us a lot more sustainable than the rest.
Okay, understood.
You mentioned two elements.
So you mentioned being cross-chain already?
Yeah, we are already cross-chain from the beginning.
Yeah, so we are already chain right from the start. So when Stake Stone was born, we were already built on layer 0.
So Stone is like Stone, StoneBDC, SBDC, they are already built on layer 0. So we are able to cross-chain,
whether it's from BNB chain to Ethereum or to Barachain.
And we could do that quite easily and safely as well.
Okay, the second element you mentioned is that,
obviously, DeFi is not for everyone,
not for all even crypto users.
There are still difficulties.
It's always
um kind of it's more complicated than just crypto than just swapping etc
when i started dabbling with crypto uh with defy uh it was already maybe like maybe i was two years
into like you know trading like like personally like trading like the the the altcoins or like the bigger market caps tokens.
It's only after that that I realized like, look, I should put my Ethereum to good use.
And then I started playing a bit of DeFi.
By that time, DeFi, I would say that like back in 2022 before, or 2021, 2022,
before the Shanghai upgrade, it was a bit more complicated, right?
It was a bit more complicated. It was a bit more complicated.
The amount of education out there wasn't, to me,
wasn't enough at that time.
And then in 2023, DeFi was such a huge narrative,
and a lot of protocols started coming out,
including StakeStone.
And a lot of educational materials
also came out during that time, like regarding DeFi.
So I think Steakstone's product make
it easy for anyone to learn how to stake, because it's
just a click of a button.
If you have ETH, just swap it for stone,
and you just hold stone, and you're earning you on it
already without doing anything else, because it's a u-bearing asset so you actually earn
three percent ap wire by doing nothing not even not even requiring you to stick on lido
or anything like that okay so actually i guess in terms of UX, UI, you made it so that even beginners in crypto...
Yeah, we've been sure that it's cheaper enough for a beginner in the space to use it.
And also, you know, we rely a lot on our community ambassadors to be able to translate to local languages,
create content in local languages as well
create content in local languages as well.
whether it's like Vietnamese, Korean
Turkish, Russian
and a few other languages as well
so we make sure that
our Discord and our Telegram is always active
to be able to answer to any queries
or any technical issues
to be fair, we to any queries or any technical issues to be
fair we actually have very little technical issues we have very little
very seldom we get like community users coming to us and tell us that like their
stone is missing or like you know they can't find a contract address or
something like that because we and we actually made a product really simple
and as long as you deposit,
you should be able to see your dashboard.
Yeah.
The only thing that people need to watch out for
is really for phishing links.
Okay, yes.
And that's definitely a risk
that we have all the time
and we all need to be aware of this.
And thankfully,
so we have the official X account
of StakeStone with us here, guys.
So if you want to get interested, please do not hesitate. Click on the official X account of StakeStone with us here guys so if you want to get interested
please do not hesitate click on the official link follow and I guess straight from the official
link that you can find on the official profile you have access to all your resources right
yes we have uh you know we have our affiliated accounts to our local uh local X account and
also there's a link tree uh link there whether it's like you know we you want to go to our local local X accounts and also there's a link tree link there
whether it's like you know you want to go to
our docs you want to go to like
discord telegram or any other
channels
okay so full access to the
community as well so what about
if some of our audience wants
to participate more with a
stakestone how should they do
do you have an ambassador program?
Is there something for them to get committed more
or to get more interested than just staking?
Yeah, so actually right now,
I think on our Discord,
we're running a...
Every other day, we're running a quiz on Discord
to just like... It it's like it's like
a engagement that we do on discord so for users who are interested to you know quiz contests and
anything like that please join our discord the link is on x itself um regarding like
ambassadorship and stuff like that it's's kind of something that we're planning as well.
But to be honest, because we already
have community ambassadors in different languages
and different locations, so what they might actually do
is they might start to build a bigger community
in that region as well and to expand from there
further as well.
So, yeah, so we do already have an
ambassadorship program that we are doing.
Okay, nice.
Later on, maybe we can speak a bit about the running
campaigns at the moment, because obviously there is one
for the listing of KuCoin and you might have some running
on the side as well.
So we'll explore a bit into that.
Before that, though, could we know...
So right now you have
liquid staking for ETH,
liquid staking for BTC.
You have this dual token functionality
with the STO native token,
but also, as you mentioned,
the STO vault, I guess.
Right?
No, it's the VSTO, which is the vaulting...
VSTO.
Yeah, vault STO.
So VSTO.
And what is the future that you plan?
What are the milestones that you envision,
let's say for this year,
since this year is going to be,
well, we're all hoping it to be more hectic
than it has been until now,
in a good sense, this time. So what are the plans, let's say, for the short term and maybe for a more longer
term?
Yeah, so in the short term wise, we have launched, I mean, we have this product called
Liquidity Pad, which is more like a pre-deposit campaign for, more of a pre-deposit campaign
for ecosystems and all have protocols out there
so there will be another or a couple of others campaigns that are upcoming on the liquidity pad
itself and for those people who are participating via the voting escrow stos which is the fee stos
they actually receive additional benefits and rewards as well.
So that is something that we'll be pushing in the coming days that's in the short term.
And I would say in the two to about two to three months time frame, we'll be launching our PayFive product as well. And that would be actually be able to sustain most of the revenue
that's coming in for StakeStone. And what we'll be doing with that is really to expand the use of STO
through the PayFive product and also be able to reach out to more web,
I would say, a general user, not a Web3 user.
Because that PayFive product is actually a bridge for us to reach a high adoption
of crypto adoption.
Yeah.
Can you tell us a bit
how it will work?
How it will work
for a user,
for example,
who is not into crypto,
normally speaking?
Yeah.
For that,
you've got to wait for X
because it's not announced yet.
But I can be a little
just about it.
We cannot have exclusive.
We can only take a look from afar and this is it so that that's uh for like let's say not um well i mean
it's still short term two to three months until the the launches i guess uh yeah but
closer to the launch we'll be doing some beta testing, you know, beta testing with the community and stuff like that.
So do watch out for that.
Okay, so guys, if you want to stay tuned to the news, you know you have the official account here with us once again.
Please do not hesitate.
Do not take the chance to be phished or to get any strong, good-looking copycat whatsoever please take it from here
and so so and what what about the liquid liquid staking products themselves like do you plan to
expand to other assets yeah it's not really a liquid asset uh a liquid staking product it's
more of a omni chain liquidity product so basically it's a
u-bearing asset yeah so what what i mean by u-bearing asset is for example like earlier on i
mentioned if you hold stone uh let's say you hold stone uh one year ago compared to right now your
stone you would your one stone which equals to one eve last year you would be able to switch it for 1.03 ethereum
so what it means that you have earned about a three percent yield on your on your stone to get
you back 1.03 eif so that is if you have help for one year that's the apy um the APY was actually higher when there were lesser stakers,
but I think now the APY, if you look on the website, it's around 2.8 or something like
that. 2.8 or 2.9.
And I guess the more people lend their assets, the lower the APY, right?
I think it's just more, as more users come in the apy drop by a like a very small
percentage point over time yeah and also i think a lot of like you know there has been a huge
fluctuation in terms of like the market and in terms of ethereum price as well um so the thing
is a lot of i mean there are still a lot of uh believers of eve out there
i'm including myself i use e for a lot of things whether it's like you know buying nfts buying notes
and uh doing a lot of other things uh so what we hope uh our vision for the stone which is a new
bearing eve is to be as widely used as ethereum right now but with a new bearing element which is a U-bearing ETH, is to be as widely used as Ethereum right now, but with a U-bearing element,
which is you're actually earning interest on your stone
instead of holding ETH.
So that is really our main goal out there as well.
Okay.
So right now, your goal is obviously to get more users
on the platform, on the product.
So how do you plan to do this?
What are the plans in the work?
We work with the top protocols in the whole industry.
I think we have worked with, I mean, like with Menta, with Scroll, Barachain.
I mean, we also work with the others that are upcoming as well.
I mean, we also work with like, you know, like the others that are upcoming as well.
And we hope to be able to be the liquidity provider
and also bring the maximum view to our users
who are holding our assets.
Okay.
And in terms of user acquisition,
let's say for a shorter range,
are there any running campaigns at the moment?
Apart from the one, obviously, that we are running for the...
I would say the current campaign, I would say if users still want to get into a boycott or a bear chain,
you can participate via Uniswap.
You can swap your ETH for Barristone on Uniswap or on other DEXs
and then you can join, that's how you join the boycott to earn the boycott rewards, which
I think the boycott rewards are only giving out towards the end of May, so I think that's
one way that you can still farm, or if not, you can just continue to hold stone and it
earns you that APY as well, if you are just holding here.
Okay, quite straightforward.
Yeah, or like, you know, join campaigns like, you know, with KuCoin
that's running like, you know, campaigns that we might do
in the upcoming days and months as well.
Yep, so guys, do not forget about that.
Since there is a listing incoming, you should be able to participate to the campaign. There will be some opportunities to win some stones. So please pay attention to this. There will be more announcements on KuCoinStraight and I guess on your official X profile as well about this more specifically.
So would you like to maybe pick some questions from the community?
Yes. Yes? Let's pick some questions. Can you see them? I would love you to be the one to choose.
Why not? You pick the questions. I can't really see it. You cannot open the thread? Let me take a look.
the thread uh let me take a look i can see the track okay maybe i'll just i'll just pick some
questions okay i seen i i see armin has been uh asking a lot of questions i'll answer um yeah so
armin mentioned about the pebbles payment product right so Pebbles is actually
the pay five product that I was talking about and definitely how it works is
how we are how it works is Pebbles would be the revenue generating model alongside with our
liquidity pack that you know benefit the STO holders and also generate
revenue in the whole six-tone ecosystem.
So basically, besides the swap and burn mechanism that we have on the tokenomics, we also have
this other product, which is the Pay5 product, which is Pebbles, which is mentioned on Amin's question.
And this will be able to help to provide additional revenue for StakeStone
and also benefits towards VE STO holders.
So being an STO holder, you can always swap it for the VE STO version.
But when you do that, it just takes 30 days
to unlock back to STO.
That's all.
And most of our stone holders, they are already
a long-term holder of stone.
So holding VESTO to them, it's kind of like an easy choice.
So I would say that the benefits is on VESTO holders.
But you can always swap your STO to VESTO.
It's a one-to-one swap.
And could you remind us specifically
what are the different utilities
of both STO and VESTO?
Okay, so STO token is just the governance token
that is trading on the DEXs, on the SEXs,
and the token is, you know,
the token is basically on exchanges for trading, right?
But if you're talking about value creation,
and it's more on the VSTO,
which you can switch your STO tokens for vsto one to one
okay and the vseo also about value creation how how does it work
so vsto holders they are able to uh of course they have voting voting rights and they are able to receive additional benefits whenever we run a campaign.
So when we run the future campaigns,
you would see that STO holders, or if you are depositing STO
to join a campaign, your rewards are different from those of VSTO.
Or if you choose to claim VSTO, your claim
would be more than those that are claiming STO.
Okay, understood.
So in this way, you make sure that you have actually active users who dig into the ecosystem and not only remain at the surface level
with the initial STO token.
Understood.
So I have a question from Danma.
So most of all, you will not be able to...
Is it all programs?
No, no. so most of we will not be able to initiatives at all programs no no it's about
your partnerships
and the
types of
collaborations
integrations
that you're
exploring
to expand
the utility
and reach
of the
project
and of the
token
got it
so maybe
across
different
forms
we are
you know
we are
partnered with
more than
21 chains 21 active chains which is pretty damn a lot.
And we are integrated with more than 100 plus protocols right now.
I think if you look at most of the top protocols out there or ecosystems out there,
comes out there, we are already integrated with them, right?
we are already integrated with them, right?
You know, whether it's a lending, borrowing,
if they are like into DeFi,
I think StakeStone is almost already there.
If they are not there yet, please just,
you know, you have like our Twitter,
just, you know, shoot us a message
on which protocols or ecosystems that we should be
part of, we'll take a look into it.
Okay, I have another question, actually.
So what would be your strongest competitor in DeFi at the moment, and how do you outmatch
them?
That's a really great question, because I think in the whole omni-chain liquidity infrastructure space I think we kind of pioneered
it so if you're asking me about like a direct competitor that is similar to us I would say
there isn't any out there yet. Or maybe there are,
but just that we haven't noticed it yet.
Too small to matter at the moment.
Okay.
No, not too small.
I mean, no one is ever too small.
We started from nothing as well.
It's just that maybe we haven't noticed it yet.
Or maybe I haven't noticed it yet.
It's hard these days, actually.
It's hard to notice everything that's happening at all only the the large narratives and the the flagships of these narratives did you plan to try to push
this uh omni um omni liquidity would you call it then yeah yeah so basically omni shit liquidity
i think it's something that uh we pioneered and also, I think we started to see some of the newer projects,
they also have this omni-chain in their,
whether it's in their docks or in their header.
But I think we have already established,
StakeStone has already established a name for itself in the space.
And we aim to continue to be the leader in this space for sure.
Okay.
Actually, there is a technical question about the fractional ownership
as one of the key features of STO.
Could you tell us a bit more about this?
How does it affect investors?
Sorry, what fractional?
So I have one question from Treasure.
So can you explain what is meant by fractional ownership
as one of the key features of the STO token?
How does it affect investors?
It actually doesn't...
Okay, so just like in any traditional markets, right, traditional
markets they have voting rights and they have voting shares and they have preferred shares,
right.
So what investors have is they have, when they get unlocked, they get the STO,
which is the governance token, right?
The VSTO is the voting escrow tokens.
So unless the investors are unlocking the VSTO instead of the STO,
there's no fractional voting in this.
Okay, got it.
Yeah.
We see another question that you would like to
answer.
Please do not hesitate. I see many of them
are obviously helped by
ChatGPT, but some of them
really still
go beyond what we already said.
Great.
Maybe we're taking one more question?
Yes, please.
You still can answer the questions?
I can, I can, I can.
Yeah, I think...
Let me just take a quick look and see if this... hello can you hear me
hello hello yep i can so i think i think for the last question maybe i'll uh talk a bit more about like
uh you know what's what's next after tge for uh stakestone right so earlier on i mentioned uh
you know more projects coming on to the liquidity pad as a pretty positive campaign uh and also like how we would be able to sustain the uh you know
like our own revenue model is really by uh being able to receive uh you know whether it's whether
it's from grants in the form of grant or or like a like a like a like a service payment to for for
for us to to support these projects
on the equity path.
That's one of the ways, right?
There's going to be multiple ways how we are going
to keep this sustainable and ensuring that the EU is not just
coming from Steakstone, but also come from the ecosystems
of protocols that work with us closely as well.
Because what we envision is really to have a very sustainable use source and model
so that Stakes don't be here for a long time,
even though way after every investor or community unlocks after the five-year mark.
So yeah.
Yes, obviously this is going to be the challenge,
especially going through the cycles.
Correct.
You need to keep the community engaged to do this.
So do you have a special way of getting your community engaged on where you want to?
We don't just rely on the global accounts.
Really engaging in the community is really like
you know being there whether it's in the local language or like you know running like in-person
meetups and stuff like that so we have have been doing that quite a lot uh over the last one year
or so and we continue to do more as well uh keeping the community engaged whether it's online and
offline uh we also want to work with like you know like
whether it's cool coin or any other exchanges on uh different campaigns uh to to incentivize and to
keep the community engaged and also ama sessions like that is very useful uh to update like you know
you know whether it's cool con users or like any other users out there
or people who are just learning about steak stone and kook coin together yeah okay and then maybe
one last uh personal question related directly to this is there any way to see you or your team uh
in one of the offline events that are happening this season uh we we are I'm going to be speaking in Hong Kong, actually.
So if people are attending the event in Hong Kong,
I'll be speaking on the 7th of April on the open stage.
It will be a keynote from Stigstone.
So that will be one of the more immediate offline events
on the 7th of April in Hong Kong.
After that, it will be in Dubai as well.
And you'll probably see me in Tokyo and Seoul as well.
We'll be hosting meetups there.
But if anyone has any requests for any locations,
we'll probably do a poll soon,
and we'll try and host a meetup there.
Okay, nice.
So we'll be able to see you at token 2049 as well.
Yeah, you know, we'll be looking forward to be, you know, if KuCoin is going to be running
any events, we'll be happy to be part of the panel, anything like that as well.
Perfect.
Perfect.
So let's have that meeting set.
Okay, nice.
If KuCoin is running anything during Dubai, I'll be there as well.
So, you know, just let me know.
Okay.
Well heard.
We'll dig into it in a private conversation then.
Nice.
Okay, so thank you for joining, Mike.
It was really, really interesting.
I hope we have been thorough, guys.
I hope you got as many information as you could out of SteakStone.
And I hope you got as many information as you could out of steak stone and i hope you'll get
interested and here you are you have all the resources to get more interested with the
official account here with the official link once again safety first please do not look for it
elsewhere do not take the chance to find copycats or get fished once again this was all the
information we could provide you to get to take the best decision in terms of investment.
This is not investment advice directly.
But yeah, we hope that with Mike, we were able to answer most of the questions you would have about the project
and give you more visibility about where it's headed.
Mike, thanks again for joining.
It was really nice to have you here and hopefully see you soon.
Thanks for having me. Thank you.
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