In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

Intermediate

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

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MANTRA (OM): Understanding its wild ride and road to recovery

In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit Spot and Futures.​

WalletConnect is an open source bridging protocol that facilitates secure connections between digital wallets and 

 (DApps). With over 38 million unique active wallets and 57,000 supported apps, it’s getting noticed by the crypto community. In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit.​

 protocol that allows users to connect their mobile wallets to DApps via QR code. This eliminates the need for browser extensions, and enhances security by keeping 

The protocol supports a wide range of wallets and DApps, making it a versatile tool for users navigating DeFi and web3.

 is essentially a decentralized infrastructure that facilitates a uniformed way for users to easily connect their crypto wallets with thousands of DApps. It operates through a network of

 that relay messages, ensuring reliable and secure connections. The network's design emphasizes scalability and resilience, catering to the growing demands of DeFi. 

When a user initiates a connection between their wallet and a DApp, WalletConnect establishes a secure session through a relay server that enables encrypted communication, allowing users to interact with DApps directly from their wallets. 

The network's architecture ensures that messages are transmitted efficiently, maintaining a seamless user experience.​

The WalletConnect ecosystem comprises various stakeholders, including node operators, wallet providers and DApp developers. Node operators play a crucial role by maintaining the network's infrastructure and relaying messages. 

To incentivize participation, the network implements a rewards mechanism whereby node operators earn WCT tokens, based on their performance and contribution. Prominent organizations like Consensys, Ledger and Figment are among the network's node operators, underscoring its robustness and reliability.​

 is the native utility and governance token of the WalletConnect network. It has a total supply of 1 billion, 

Initially, WCT is nontransferable to ensure that tokens remain within the WalletConnect ecosystem, supporting its focus on network functionality and development. Based on discussions within the community, transfers will be enabled based on community consensus and future governance decisions.

Where to buy the WalletConnect token (WCT)

 on Bybit Spot, and as a Perpetual contract with up to 75x 

. Bybit provides a secure and user-friendly platform for buying and selling WCT, allowing users to participate in the WalletConnect ecosystem. 

How to trade the WalletConnect token (WCT) on Bybit

Bybit's platform ensures efficient execution and provides various tools to assist users in their trading journey with ease.​ 

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WalletConnect (WCT): Bridging web3 beyond wallets and DApps

Circle has launched the Circle Payments Network (CPN), a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. 

The S&P 500 rose 2.51% as investor confidence improved following President Trump’s support for Fed Chair Powell and hints of easing U.S.-China trade tensions, despite tempered optimism and Tesla’s earnings miss. Gold rebounds toward $3,400 as the US Dollar weakens and investor caution lingers over US-China trade and Fed concerns. Technicals suggest a possible pullback, with focus shifting to upcoming S&P Global PMI data. The Coindesk Indices, which tracks the broader crypto market, rose 7.46%, with Bitcoin and Ether up 4.68% and 7.70%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DEEP, up 122.1%, following the launch of DeepBook v3.1 on Sui, which unlocks permissionless pools, enhanced balance management, and cost-efficiency for DeFi.

DeepBook (DEEP), launched on July 12, 2023,  is Sui’s native liquidity layer, using a central limit order book to enable high-throughput, low-slippage, and low-fee trading. 

, introduces several key upgrades: permissionless pools, revamped fee mechanics, and enhanced balance management. These changes make DeepBook more accessible, composable, and cost-efficient for DeFi users. Permissionless pools allow anyone to create custom trading pairs, while the enhanced balance manager supports third-party liquidations and improves protocol stability and user experience.

Check out the latest prices, charts, and data of 

, a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. CPN offers faster, programmable, secure, and always-available money movement for financial institutions. It supports services like invoice payments, remittances, treasury services, and payroll payouts. Over 20 design partners, including dLocal, WorldRemit, and BVNK, are contributing to building a more efficient global payments infrastructure.

Yesterday, Bitcoin spot ETFs saw $719.2M in total inflows, with $654.1M from non-GBTC funds and $65.1M from GBTC.

 its incentivized testnet, allowing users to earn $SO tokens by testing its cross-chain lending platform. By supplying and borrowing assets across chains and completing quests, participants earn "Seeds," which will convert to $SO at TGE. Powered by LayerZero, Soul aims to unify liquidity across blockchains.

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Circle launches Circle Payments Network for faster, secure global transactions using stablecoins

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Fusionist (ACE) is a web3 gaming platform dedicated to AAA blockchain games and operates on its own EVM-compatible blockchain, the Endurance network.

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 sector of the blockchain industry is growing more competitive, and there's no shortage of innovations in this sphere. One area that has attracted the attention of blockchain developers over the past few years is the visual sophistication of 

 gaming titles. Traditionally, blockchain games had been relatively unremarkable with regard to visual appeal and 3D sophistication, at least compared to their leading Web 2.0 counterparts. This is, however, changing fast, with newer blockchain gaming projects unwilling to compromise on the visual quality of gameplay.

Fusionist (ACE) is among the projects at the forefront of this push to bring visually striking, sophisticated AAA gaming titles to web3. The project entered the web3 gaming space in early 2023 and specializes in Unity engine–generated AAA games on blockchain in three main thematic domains — Colonize, Conquer and Unite. Leveraging the 

 (EVM)-compatible Endurance blockchain, Fusionist is intent on proving that web3 and sophisticated gaming are the perfect match.

What is Fusionist crypto, how does it work — and what gaming titles does the platform offer? This article addresses the key questions related to this ambitious player in the GameFi niche.

 (ACE) is a web3 gaming platform that focuses on building AAA blockchain games powered by the Unity engine.

 Fusionist operates on its own dedicated EVM-compatible blockchain, the Endurance network. The project team is developing three main games: 

In the Colonize game, players can establish colonies on new planets by extracting minerals and building structures to manage a striving civilization. 

 is a turn-based PvP and PvE game, while 

 features an exploration-based game in which players form alliances to expand their dominance over more planets. The three games' themes also act as the key genres/types that Fusionist aims to support on its platform for the development of additional gaming titles.

The Fusionist project was founded in 2021 by a Singapore-based technology and gaming entrepreneur known as Ike T. In late 2022, the project issued its inaugural 

 collection, Alpha Prestige. This 500-item NFT collection grants multiple benefits to early adopters, such as future 

 rights and access to game beta testing and the project's private Discord channel.

In early 2023, the project team first debuted the Endurance blockchain's 

 and, soon afterward, introduced the beta version of the Fusionist gaming platform.

As of August 2024, Fusionist is in the active expansion phase with the goal of establishing more than 20 on-platform products. In addition to its three core games, the Fusionist gaming environment also features other titles, with three developed games introduced below.

is Fusionist's pixel-style MOBA (multiplayer online battle arena) game. In it, Fusionist showcases the active use of cryptocurrency as part of the gaming process, promoting the concept of P2E in web3 gaming. With its pixel graphics, the game is specifically designed to appeal to those nostalgic for the gaming industry's earlier days. The ACE in the game's title isn't there by coincidence — the platform's native cryptocurrency, ACE, plays a major role in 

Players participate in the game by owning an ACE Avatar NFT, which have a total supply of 10,000 and are categorized into six Rarity Tiers, with Common the lowest and Collector's the highest. You can mint the NFT by 

 ACE. The ACE crypto is also utilized in the Arenas, the main battlefields in the game. Technically, the actual play-to-earn (P2E) asset in ACE Arenas is gACE, which is freely exchangeable with ACE at a ratio of 100 gACE to 1 ACE.

This is another combat-style game by the Fusionist team. In 

, players fight brutal interplanetary battles using their robotic warriors..

As its title suggests, the game is in Beta mode, and Fusionist has accepted a limited number of players for participation. Gamers need to 

 as candidates to participate. Participants can expect a variety of rewards, such as NFTs from a pool valued at $30,000 and tokens from a 30,000 ACE pool. The highest-scoring player will be awarded 10,000 ACE.

 is a game that allows players to explore environments across three different planets. Similar to the other titles produced by the Fusionist team, there's a significant element of combat in these explorations. The futuristic robotic fighters, or Mechs, feature prominently in this game as well. Players direct their Mechs on planetary expedition missions, with each planet having three difficulty levels.

Successful progress in the game earns players Nova Points, which are also spent to improve the durability and combat power of the Mechs. Nova Points are exchangeable with ACE at a ratio of 100 Nova Points to 1 ACE, indirectly making the ACE token the game's P2E asset.

The Endurance blockchain acts as the underlying hosting environment for the Fusionist gaming platform. Endurance's mainnet was launched in early 2023, registering a whopping 75,000 users on the first day of its operation. The blockchain boasts EVM compatibility, making it easy to adapt games built on 

 chains. The ACE cryptocurrency, used as Fusionist's main P2E asset, is also the native token of the Endurance network.

Endurance features minimal gas fees and great scalability — exactly what you need for a blockchain designed to support resource-hungry gaming. Average gas fees on the chain are fractions of a cent, while the average block time is around 12 seconds. While this time is comparable to Ethereum's block processing times of 12 to 15 seconds, the typical gas fees on Endurance beat Ethereum's transaction fees by a mile. While 

 may have recently dropped to a record low of 

 (1 ETH = 1,000,000,000 gwei) in late August 2024, ETH gas fees can elevate to several hundreds of 

In contrast, Endurance's sub-cent transaction fees make it a very affordable environment for game assets' minting and transfers.

ACE is the main native token of both the Endurance blockchain and the Fusionist gaming platform. ACE performs several vital functions within the project's ecosystem, including:

In most cases, the functions above are supported directly by ACE tokens. In other scenarios, however, ACE is used indirectly, acting as a currency that’s freely exchangeable with other virtual in-game assets, such as Nova Points or gACE. For instance, in 

 Nova Points are the primary asset used for in-game purchases and rewards. However, these points are exchangeable with ACE tokens, making ACE the underlying asset in the game's purchase and reward mechanisms.

ACE is a supply-capped cryptocurrency with a maximum supply of 147 million tokens. As of Aug 27, 2024, the token's total supply stands at 146.3 million, close to the maximum limit, while its circulating supply is 35.7 million.

In addition to ACE, Fusionist uses a second crypto asset, BOAT (Bound On-Chain Achievement Token). While ACE is designed to support the key functions of transaction fee payments, purchases, rewards, staking and governance, BOAT is the platform's reputation management token. BOAT tokens can be bought with ACE, but are nontransferable and non-tradable. These tokens represent the owner's on-platform reputation, as they increase players' ACE earning potential and provide access to special perks.

BOAT tokens are based on five categories — Loyalty, Contribution, Social, Activity and Value-add. Within each category, there are also sub-categories, or BOAT levels. We noted above that BOAT is purchasable with ACE. However, players must additionally achieve a certain BOAT level within a category in order to become eligible for BOAT minting.

The ACE token is available on Bybit’s Derivatives market through a 

). Bybit Derivatives allow you to trade hundreds of crypto assets with low fees at up to 100x leverage, depending upon the asset chosen. You can trade with various derivatives tools, such as Perpetual contracts, 

Staking on Endurance vs. PrimeACE Launchpad vs. Catalist

ACE tokens can be staked to earn rewards, and support the Endurance network in three main ways — directly through the Endurance chain, using Fusionist's PrimeACE Launchpad or through the 

 (PoS) chain, Endurance supports direct staking of ACE tokens. To calculate your expected rewards, you can use the 

 provided by the project. Solo stakers are eligible for double the normal APR reward rates. For example, if the standard staking reward APR is 10% at a particular time, qualified solo stakers can earn 20%. In order to qualify for the double rewards scheme, solo stakers will need to verify their address on the blockchain's Discord channel.

You can alternatively stake ACE through the platform's PrimeACE launchpad. Staking through the Launchpad allows you to get PeACE, an 

 asset that can be used to mint an ACE Avatar NFT, which is an essential participation requirement for the 

The third way to become an ACE staker is via Catalist, a 

 protocol on the Endurance network. Catalist is modeled after 

, a highly popular liquid staking solution for the Ethereum blockchain. Catalist supports flexible staking on Endurance exactly in the same way as Lido does on Ethereum. bACE, the liquid staking token (LST) issued on Catalist to ACE stakers, is automatically rebased four times a day, further boosting the overall staking rewards accrued, and can be exchanged for ACE at any time. In fact, ACE staking via Catalist is the most profitable staking option within the Endurance/Fusionist ecosystem, with the exception of solo staking.

As of Sep 2, 2024, the ACE token is trading at $2.01, which is 88.2% lower than its ATH of $16.73 on Dec 21, 2023, and 9% higher than its ATL of $1.82 on Aug 5, 2024.

Long-term price forecasts for ACE are generally bullish. PricePrediction 

 to trade at $9.26 in 2025 and $67.69 in 2030, while DigitalCoinPrice 

You might consider investing in the ACE token based on the following factors:

Technological advancements in the world of blockchain technology continue to generate new opportunities in web3 gaming. Using its efficient Endurance chain, Fusionist is making a bold attempt to prove that blockchain and sophisticated gaming aren't foreign to each other. 

Fusionist’s platform gives it the potential to establish itself as a notable, perhaps even major player within the competitive world of GameFi. Adventure, conquest, fierce battles and exploration — Fusionist's futuristic multi-game environment offers all of these. In addition, P2E crypto opportunities abound, along with the project team’s ambitious plans to expand into more gaming titles in the future.

Fusionist (ACE): Powering the Future of Gaming and Social Interaction

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