Chakra, the first modular Bitcoin settlement network, is excited to announce a strategic partnership with StakeStone, the omni-chain Liquid Staking Token (LST) protocol. This collaboration is set to redefine the landscape of Bitcoin liquidity and Utility by leveraging the unique strengths of both platforms.
Chakra and StakeStone share a common vision of enhancing the Bitcoin ecosystem through innovative solutions. By combining Chakra’s modular settlement layer with StakeStone’s liquid staking protocol, users can unlock the liquidity of their staked BTC and access a wider range of yield opportunities. The integration will facilitate seamless asset transfers and staking across multiple chains, creating an aggregated liquidity and interoperability layer for BTC, ETH, and other crypto ecosystem.
Through the unified settlement API provided by Chakra, StakeStone can seamlessly integrate BTC assets into its protocol, offering users more options for returns. Chakra’s ZK-STARK technology ensures the security and efficiency of BTC settlement, while StakeStone’s OPAP provides full transparency for underlying assets and optimized yields. The collaboration will empower BTC Layer 2 solutions and DApps to benefit from interconnected liquidity and economic security, fostering a more robust and integrated Bitcoin ecosystem.
Together, Chakra and StakeStone are committed to pushing the boundaries of what’s possible in the Bitcoin ecosystem, ensuring that users can maximize the potential of their assets securely and efficiently.
About StakeStone
StakeStone is an omnichain liquidity asset protocol building an adaptive staking network for liquid ETH / BTC. Through its yield-bearing asset, STONE/STONEBTC, it allows for asset staking beyond the traditional consensus layer. It is fully decentralized, has multi-underlying asset compatibility, automatic yield optimization, and maximizes capital efficiency for the crypto space. StakeStone is dedicated to establishing new standards for liquid assets and enhancing liquidity distribution to earn widespread user trust and adoption.
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About Chakra
Chakra Network is the first modular settlement layer designed to unlock Bitcoin's liquidity across diverse blockchain ecosystems. Chakra offers a high-performance and parallelized modular settlement solution for efficient liquidity flow across Layer 2’s, AppChains, and native BTC assets.
Chakra Network provides a shared settlement layer that enhances Bitcoin's integration into the broader blockchain landscape, enabling other BTC Layer 2 solutions to focus on execution without the complexities of building settlement infrastructure. This innovative approach unlocks interconnected liquidity and economic security, fostering a dynamic and vibrant ecosystem.
Layer 2 solutions and decentralized applications (DApps) benefit from Chakra's robust liquidity network effects, ensuring secure and scalable transaction processing. Chakra Network empowers Bitcoin ecosystem participants with the tools needed to drive growth and innovation within a secure, scalable, and interoperable framework.