StoneDefi (STN) prides itself on being the only yield management protocol that focuses on creating “Rock Solid Yield” for users in the decentralized finance (DeFi) ecosystem. This article will explore the following topics: What is StoneDefi (STN)? How does StoneDefi (STN) work? STN Token and The Stone DAO, STN distribution, Price Forecast for the Stone Token (STN) cryptocurrency, Where to buy the STN token, and Conclusion.
StoneDefi, also known as Stone, is a yield management protocol that aims to maximize returns for liquidity providers and protect investor interests in the DeFi sector by securing capital in asset pools and yield farms. StoneDeFi is designed to generate reliable and consistent passive income for DeFi investors. Unlike other income aggregation platforms that prioritize potential yield, Stone focuses on the viability and integrity of digital assets. The name “stone” symbolizes the concept of a solid income aggregator.
Most income aggregators are known for their risky strategies that expose investors’ funds to high-risk pools. StoneDeFi developers envision a larger future for DeFi and recognize the importance of investors in this space. Therefore, their focus is on creating “rock solid” income to transform DeFi funding from mere speculation and get-rich-quick schemes into a trusted institution.
To achieve this, Stone conducts thorough assessments of the sustainability and integrity of different investment pools. The protocol also performs regular audits of active pools and yield farms to track changes and protect investor funds. By hedging single assets through indices, the protocol can venture into more volatile pools while mitigating investor risk. This allows investors to enjoy reliable and consistent passive income from liquidity pools through the Stone protocol.
StoneDefi ensures stable and maximum yield for users by exploring alternative farming strategies. One of their progressive strategies involves betting on liquid assets. Through partnerships with platforms that generate staking derivatives, such as StaFi, Stone has developed a way to use LP funds to create flexible redemption for hard PoS stakes. Users can redeem tokens locked by rTokens, which can later be traded on platforms like Uniswap while still accumulating income on their locked bets.
To maintain the viability of staked assets, Stone employs an extensive assessment protocol to verify the credibility of user funds. This flexibility allows tokens to circulate without inflation and accelerates their price discovery on decentralized exchanges (DEXs). Users can also utilize their wagered tokens for trading purposes, gaining access to their profits without the restrictions of traditional lock-up periods.
StoneDefi has its own native token called STN, which is integral to the platform’s activities. STN ensures effective protocol governance through its Decentralized Autonomous Organization (DAO). STN token holders have voting rights and can propose adjustments to the protocol’s execution. This DAO approach promotes open and transparent governance of investor funds, countering the closed and centralized regulation commonly seen in income aggregators.
The STN token is also used to reward participation in investment pools. Liquidity providers who participate in recommended pools receive varying amounts of STN as recognition and reward. The token rewards are distributed to encourage participation in less populated pools, ensuring portfolio rebalancing.
STN is used for payment of transfer fees on cross-chain executions and as a security deposit on staked net assets. To prevent STN devaluation, a buyback and burn system is implemented, where a percentage of STN tokens on the market are repurchased and burned using a portion of the platform’s fee income.
According to price forecasts, the Stone Token (STN) is predicted to reach a maximum level of $0.1860 throughout 2022. In 2023, it may reach a maximum level of $0.3580, with an average trading price of $0.2662. By 2025, STN is expected to cross an average price level of $0.4316, with a maximum price level of $0.4398.
To buy the STN token, it can be traded on exchanges such as Huobi Global, Gate.io, Global Hotcoin, and Hoo.
In conclusion, while many yield management platforms generate consistent returns for investors, they often put users’ funds at risk for the sake of high yields. This short-term thinking can have negative consequences for the DeFi and cryptocurrency industries if proper risk assessments are not conducted on asset pools. However, StoneDefi takes an innovative approach to yield management, ensuring maximum yield for users without unnecessary risk. Its transparent governance through a DAO empowers investors to contribute to the management of their funds.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.