Binance Labs has invested an undisclosed sum in StakeStone, a liquidity infrastructure startup that currently supports Ethereum restaking.
Binance Labs has invested an undisclosed sum in StakeStone — a liquidity infrastructure startup that also supports restaking — as it continues to bet big on the staking and restaking sectors.
Singapore-based StakeStone currently supports Ethereum restaking on its platform. Users staking ether with StakeStone receive STONE, a "yield-bearing ETH" token, which can be further utilized for additional rewards, Charles said. StakeStone is also exploring opportunities within the Bitcoin restaking ecosystem to introduce "yield-bearing BTC ," he added.
In recent months, Binance Labs has increased its support for startups in the restaking space. This year, it invested in the Bitcoin staking protocol Babylon and Ethereum restaking protocols Renzo and Puffer Finance. Additionally, earlier this month, Binance Labs invested in seven more startups, including synthetic dollar protocol developer Ethena Labs and zkSync-based decentralized derivatives exchange Derivio.
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