StakeStone, Backed by Binance Labs, Launches “Berachain Vault” for Easy Accumulation of Rewards such as Points and Airdrops

Binance Labs, in collaboration with OKX Ventures and other institutional investors, announced today the launch of “Berachain Vault,” a liquidity infrastructure developed by StakeStone. The vault allows users to deposit assets such as ETH and STONE (StakeStone ETH) and earn a range of rewards, including incentives from Berachain and its ecosystem protocols (via Boyco), STO token airdrops from StakeStone (approximately 0.45% of the total supply), staking and restaking incentives, and future earnings from Berachain’s Proof of Liquidity (PoL).

To participate, users simply need to access the Berachain Vault webpage, connect to the Ethereum mainnet, and deposit ETH and STONE assets into the Berachain Vault in exchange for StakeStone Berachain’s vault tokens – beraSTONE/beraSBTC (not yet available). In return, they will receive Bera-Wave points and other rewards from the Berachain ecosystem, with the distribution of all rewards based on the user’s holdings or use of beraSTONE/beraSBTC.

Furthermore, using beraSTONE or beraSBTC in DeFi can accelerate the acquisition of points. For example, providing liquidity on Uniswap can earn 5 times the points, and setting the price range within ±0.1% can earn 6 times the points. The detailed calculation method for points can be found in this official article. However, it is important to note that currently the vault only allows deposits and does not support withdrawals. To convert beraSTONE into cash, it must be done through decentralized exchanges (DEX) or over-the-counter trading.

It is worth mentioning that the first 10,000 participants who deposit a minimum of ≥ 0.042 ETH or ≥ 0.0015 BTC will receive a reward of 150 STO tokens. Additionally, using the referral code 2A30E will provide an additional 10% of points.