BingX Labs has announced a $10 million allocation to support StakeStone in developing omnichain liquidity and StakingFi applications.
BingX Labs and StakeStone Partnership
BingX Labs, the innovation arm of the cryptocurrency exchange BingX, allocates $10 million to StakeStone. This funding is aimed at accelerating the development of omnichain liquidity staking and StakingFi applications, as well as supporting multichain expansion and liquidity optimization.
Main Directions of Cooperation
The cooperation is focused on supporting StakeStone's ecosystem development, exploring new growth directions, developing cross-chain asset protocols, and integrating StakingFi products. The expansion of real-world applications for omnichain staking technologies will also help make blockchain financial services more accessible and lower the entry barrier for new users.
Significance of the Partnership for DeFi Sector
The partnership will focus on strengthening liquidity infrastructure for cross-chain efficiency, advancing StakingFi products, education, and community incentives for long-term growth. This collaboration is expected to explore new cases in liquidity staking and expand the role of blockchain technology in decentralized finance, allowing more users worldwide to benefit from its advantages.
The collaboration between BingX Labs and StakeStone opens new opportunities for the development of omnichain liquidity staking, the implementation of StakingFi innovations, and the expansion of blockchain technology's role in decentralized finance.
