StoneDefi – Rock Solid Defi?

In September 2020, Alex Lam founded StoneDefi. Lam is well-known in the crypto industry for projects such as RockX. By the end of the year, Signum Capital had taken an interest in StoneDefi. With funding from Signum Capital, Lam’s project was on its way to becoming the first and only rock-solid yield management protocol for cryptocurrency assets.

But what does it all mean?

What is Stone DeFi?

Yield aggregators leverage various DeFi procedures and strategies to help maximize profits for users. Often the strategies are quite precarious, endangering investor funds by using high-risk pools.

StoneDefi, also known simply as Stone, secures assets in pools and yield farms to safeguard investors’ funds within the DeFi sector. The Stone protocol focuses on the integrity and viability of digital assets instead of concentrating only on the potential yield.

This hints at a promising future in the DeFi space and elevates its credibility.

Stone achieves its goals by way of assessments on the integrity and sustainability of various investment pools. The Stone protocol performs regular audits of yield farming and active pools to stay on top of any changes that may put investor funds in danger. In addition, by hedging assets through indexes they can explore more unpredictable pools while still mitigating risk.

As a result, the investor community experiences a consistent and reliable passive income using Stone’s protocol.

Exploring DeFi Options

StoneDefi has been exploring a multitude of different farming tactics, including staking in liquid assets in order to provide maximum (yet stable) yield to users.

By collaborating with platforms such as StaFi, Stone has created a way to use liquidity provider funds to create flexible redemption options for Proof of Stake (PoS) stakes. These stakers are able to redeem locked tokens for rTokens. They’re then able to trade these rTokens on certain platforms such as Uniswap while they continue to accrue yield on the locked tokens.

The Stone DAO and STN Token

Stone also has its own token which is connected to the activities on its platform. The Stone token (STN) helps to ensure smooth transactions and participation on the StoneDefi network. In addition, investors who stake STN coins are given voting rights. They can also propose adjustments to the current protocol.

The benefits don’t stop there.

As LPs participate in the different investment pools, they receive varying quantities of STN for their efforts. This incentive helps encourage participation in some of the less populated pools, which in turn helps to balance portfolios.

Offering a consistent return for investors is a common goal for yield management platforms. However, many risk investors funds in favor of high yields. This short-term investment mentality casts a gloomy shadow on the DeFi sector.

This is why StoneDefi’s innovative approach and transparency are a breath of fresh air.

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