Stakestone and BeraChain Joint Deposit Program Reaches $367 Million TVL
According to EmberCN, Stakestone and BeraChain's joint deposit program has reached a total value locked (TVL) of $367 million within half a month, with new BTC deposit options now available.
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According to EmberCN, the Stakestone and BeraChain joint deposit program has seen remarkable growth since its inception half a month ago, reaching a total value locked (TVL) of $367 million. Initially, the program only accepted ETH (ETH/WETH/STONE) deposits, but it has now expanded to include BTC (SBTC/WBTC/cbBTC) deposits as of recent updates. This expansion provides BTC holders the opportunity to participate in a promising venture that offers access to two major projects approaching their Token Generation Events (TGE) [source: EmberCN, January 8, 2025].
The rapid accumulation of TVL indicates a significant demand for yield opportunities in the crypto market, as suggested by EmberCN. With the program's liquidity pool available on Uniswap featuring $256 million in liquidity, investors can withdraw their beraSTONE tokens at any time, minimizing concerns about prolonged fund lock-up [source: EmberCN, January 8, 2025]. This feature adds a layer of flexibility and potentially reduces the risk associated with locked investments, making it an attractive option for traders looking for liquidity alongside high returns.
Moreover, the introduction of beraSTONE on the Morpho platform has established a lending pool for beraSTONE/WETH, allowing users to leverage their beraSTONE holdings to borrow WETH. This mechanism not only provides additional liquidity options but also opens the door for leveraged trading strategies. However, as noted by EmberCN, engaging in leveraged activities entails certain risks that investors should cautiously consider [source: EmberCN, January 8, 2025].
The program's appeal is further amplified by the anticipation surrounding the imminent TGE of both Stakestone and BeraChain, speculated to occur in February. This timeline adds urgency for investors seeking early participation in these projects, which are already generating significant market interest [source: EmberCN, January 8, 2025]. The combination of high liquidity, flexible withdrawal options, and strategic market positioning makes this deposit program a focal point for traders aiming to maximize returns amidst a competitive yield landscape.
The rapid accumulation of TVL indicates a significant demand for yield opportunities in the crypto market, as suggested by EmberCN. With the program's liquidity pool available on Uniswap featuring $256 million in liquidity, investors can withdraw their beraSTONE tokens at any time, minimizing concerns about prolonged fund lock-up [source: EmberCN, January 8, 2025]. This feature adds a layer of flexibility and potentially reduces the risk associated with locked investments, making it an attractive option for traders looking for liquidity alongside high returns.
Moreover, the introduction of beraSTONE on the Morpho platform has established a lending pool for beraSTONE/WETH, allowing users to leverage their beraSTONE holdings to borrow WETH. This mechanism not only provides additional liquidity options but also opens the door for leveraged trading strategies. However, as noted by EmberCN, engaging in leveraged activities entails certain risks that investors should cautiously consider [source: EmberCN, January 8, 2025].
The program's appeal is further amplified by the anticipation surrounding the imminent TGE of both Stakestone and BeraChain, speculated to occur in February. This timeline adds urgency for investors seeking early participation in these projects, which are already generating significant market interest [source: EmberCN, January 8, 2025]. The combination of high liquidity, flexible withdrawal options, and strategic market positioning makes this deposit program a focal point for traders aiming to maximize returns amidst a competitive yield landscape.
余烬
@EmberCNAnalyst about On-chain Analysis