BingX Labs invests $10m in StakeStone to expand liquidity staking

Bingx Labs, the Innovation Branch of Crypto Exchange Bingx, has invested $ 10 million in Stakestone to support the development of Omnichain Liquidity and Stakfi applications.

THE partnership aims to improve liquidity infrastructure, optimize capital efficiency and extend transverse asset protocols in Decentralized finance.

DEFI refers to financial services based on blockchain networks, allowing users to lend, borrow and exchange assets without traditional banks. Liquidity eligers Allows holders to cryptocurrency from rewards by locking assets to help secure a network. Omnichain Liquidity Staking goes further by making it possible to mark out several blockchain networks, making it more efficient.

Collaboration will focus on three key areas:

• Improvement of the liquidity infrastructure: Improvement of systems that allow a transparent movement of assets between different blockchains.
• Optimization of capital efficiency: Make sure that the dotted assets generate maximum yields.
• Expansion of transverse asset protocols: Develop new methods to facilitate asset transfers between blockchain networks.

The liquidity ignition derivatives, which allow users to put assets while retaining access to liquidity, have gained popularity because investors are looking for more flexible income solutions. Stakingfi, a new category within DEFI, is based on the implementation by creating additional financial tools that improve the use of capital.

Vivien Lin, head of Bingx Labs, called the Omnichain ignition technology of Stakestone a “leap forward” for Stakofi’s applications.

Initially, funding will support the development of Stakesstone ecosystems, integration of products and research on new cases of use of the shuttle. The partnership also aims to promote the education of blockchain and to offer incentives to develop the Stukingfi community.