Download
1 / 3
0 likes | 2 Views
In this case study, we explore how Router Protocol's innovative protocol enabled over $10 million in assets to flow seamlessly to StakeStone in under a month. With over 19,000 unique users, this success highlights how the adapter is helping to attract liquidity and users across various Layer 1 blockchain. It demonstrates the power of powering cross-chain liquidity to create a more efficient staking experience.<br>
E N D
How Router's StakeStone Intent Adapter is Transforming the Staking Experience In this case study, we explore how Router Protocol's innovative protocol enabled over $10 million in assets to flow seamlessly to StakeStone in under a month. With over 19,000 unique users, this success highlights how the adapter is helping to attract liquidity and users across various Layer 1 blockchain. It demonstrates the power of powering cross-chain liquidity to create a more efficient staking experience. What is StakeStone? StakeStone is a decentralized platform where users can deposit ETH and receive STONE, a yield-bearing token on Ethereum. STONE is designed to support liquidity on Layer 1 blockchains across different blockchains. With over $550 million in total value locked (TVL), STONE is an omnichannel token optimized for liquidity, particularly within Layer 2s. The StakeStone Adapter seamlessly integrates with various platforms, making it easy and quick for users to acquire STONE on Scroll. ETH -> STONE -> REWARDS What Problem Are We Solving? Let's consider the challenge of users who want to acquire STONE on Scroll to earn STONE Points and Scroll Marks. Traditionally, the process involves: 1. Swapping tokens to STONE on a DEX on Scroll can lead to slippage and fees. 2. Swapping ETH to STONE, bridging to Ethereum, staking ETH into STONE, and then bridging it back to Scroll—this process involves multiple steps and is prone to inefficiency.
The Intent Adapter from Router Protocol simplifies this by providing a seamless, one-step solution to optimize returns across various blockchain protocol. How the StakeStone Adapter Works The StakeStone Adapter enhances the staking experience by providing two solutions depending on the size of the transaction: 1. The adapter directly swaps on Scroll for smaller transactions, minimizing slippage and maximizing returns. 2. For more significant transactions, it bridges tokens to Ethereum, stakes them into STONE, and then bridges STONE back to Scroll, ensuring optimal returns. This streamlined process reduces the complexities of powering cross-chain liquidity and provides a smoother user experience across different blockchain protocols. The Growing Demand for Omnichain Liquid Staking As demand for omnichain liquid staking tokens (LST) and yield-bearing ETH rises, individual stakes are increasingly looking for near-risk-free staking returns, while emerging Layer 1 blockchains need ample ETH liquidity to avoid missing out on staking opportunities. StakeStone already supports risk-free staking on Layer 2s, but users face the challenge of navigating through multiple blockchain protocols. This is where the Intent Adapter steps in, simplifying the process by allowing users to stake STONE on Scroll with just one transaction. The Power of the StakeStone Intent Adapter The StakeStone Intent Adapter is designed to help users acquire STONE on Scroll from tokens on more than 10 blockchains. Currently optimized for Scroll, the adapter can also easily support other Layer 2s. With this Intent Adapter, users can stake and obtain STONE on Scroll with a single transaction, abstracting the complexities of cross-chain liquidity. Whether users are using a chain swap crypto to exchange tokens or bridging ETH through Ethereum contracts directly, the adapter ensures the best possible return. This eliminates the need for multiple transactions and visits to various platforms and reduces the time and cost of acquiring STONE across different blockchains. Key Milestones and Metrics 1. Transaction Volume: The StakeStone Adapter has facilitated over $10 million in cross-chain liquidity within a month, showcasing its scalability and adoption. 2.User Base: Over 19,000 unique users have interacted with the adapter, demonstrating broad adoption and trust in its capabilities across different blockchain protocol. 3.Efficiency and Speed: Transactions are completed in an average of 40 seconds, making it one of the fastest solutions for cross-chain liquidity in the market today.
Why This Matters: A Game-Changer for Cross-Chain Liquidity The rapid growth of the StakeStone Intent Adapter highlights the growing importance of blockchain protocols in enabling cross-chain liquidity. By streamlining the process of acquiring and staking STONE, the adapter ensures that users can stake across Layer 1 blockchains and Layer 2s with minimal friction. As the adapter continues to gain traction, it's clear that cross-chain liquidity will play a pivotal role in the future of blockchain interoperability and staking. Conclusion: Simplifying Cross-Chain Staking The StakeStone Intent Adapter offers a revolutionary approach to chain swap crypto, making the process of staking and acquiring STONE across different blockchain protocols faster, simpler, and more efficient. Removing unnecessary steps and optimizing returns transforms the staking experience and helps users maximize their investment. Whether you're an individual speaker or a developer looking to integrate this technology into your blockchain, the Intent Adapter offers a seamless solution for accessing liquidity across multiple blockchains. Contact us to learn how we can help you build an Intent Adapter for your DApp! We specialize in powering cross-chain liquidity and can help you expand your reach to users and liquidity from any chain. Book a call with our team to see how we can transform your blockchain protocol and drive cross-chain liquidity for your project.
