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.

Beginner

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

Metaverse

Altcoins

The OVER Metaverse is a decentralized platform that provides interactive augmented reality experience to users in the real world.

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In 2016, Niantic Labs released a game called 

, which quickly became one of the most popular mobile games of all time. In addition to featuring a beloved anime character, it also popularized the use of 

 (AR), a sector that has enjoyed exponential growth. Every mobile device built in the last few years fully supports AR, and the industry is expected to gross 

. The next step in that evolution is the OVER Metaverse, which combines both 

Founded by Davide Cuttini and Diego Di Tommaso in January 2019, the OVER Metaverse is a decentralized platform that provides interactive augmented reality experience to users in the real world.

 blockchain, but has since been bridged to 

 for higher transaction speed at a lower cost. In addition, it now incorporates the InterPlanetary File System (

One of the more remarkable features of the OVER Metaverse is how many different types of technology come together to provide users with these interactive AR experiences. The system utilizes geopositioning with 

 data to determine the user's exact location in order to offer experiences in different places, much like the real world. 

, or software development kit, which runs on the powerful Unity 3D cross-platform game engine. OVR SDK allows a system's builders to render NFT avatars, enables users to interact with gateways, manages the AR network as a shared experience between users — and much more, which we'll discuss below.

: The OVRLand Management Layer, the OVRLand Mapping Layer and the OVR SDK. Each layer is designed to complement the other two, and the system can only operate efficiently if all three layers are continuously in sync.

The OVRLand Management Layer contains all 1.66 trillion of the OVRLands in the virtual land. An OVRLand is a 300-square-meter hexagon that corresponds precisely with a location in the physical world. In other words, every square inch on Earth has a matching space within the OVER Metaverse digital layer. These OVRLands can be bought, sold or rented by OVER Users to serve as their digital homes. 

The OVRLand Mapping Layer is an essential part of the ecosystem, as it’s the method used to map spaces in real life for their inclusion in the virtual land. A user who maps such a space will receive a corresponding 

 program. These NFTs can be bought, used or sold in the OVR Marketplace. One of the most expensive to date was an NFT of the Eiffel Tower, which was put up for auction and sold for 38.6 ETH (approximately $69,000 as of Mar 31, 2023).

The OVR SDK makes up the third layer and allows users to connect virtual experiences, assets, avatars and more to their OVRLand properties. It can be accessed in one of two ways: Using a web-based interface that doesn’t require coding or programming knowledge, or with the more expressive 

 plugin. When Over SDK and Unity 3D are used in conjunction, an AR adventure called OVRExperience is created. OVRExperiences can also be traded in the OVR Marketplace.

, which facilitate the decentralized storage of OVER digital assets. These nodes are operated by users who’ve staked a minimum of 500,000 OVR tokens. Non-operating users can vote on their preferred OVER Node and stake it using OVR tokens, for which there’s no minimum requirement. 

During the first three years of OVER Metaverse, node operators will receive a 6% 

 reward based on their stake, plus a bonus based on their ranking according to that criterion. Non-operating stakers will receive a 5.5% APR reward for their service. After the first three years, the OVER Nodes will be ranked based on their performance and how many votes they’ve gotten, for which they’ll receive a share of the hosting fees. Voters also earn some of the hosting fees as an incentive for helping to secure the network.

When you own an OVRLand NFT, it means you’re the owner of a virtual land in the OVER Metaverse. These NFTs can be obtained in several ways, such as through the OVRLand Map2Earn program, or bought and sold in the OVR Marketplace.

You can easily manage your OVRLand NFT by speaking to the OVRAssistant, also known as the Over Assistant. The OVRAssistant is a humanlike AI avatar used in the virtual world as a guide to users to answer queries, or direct them to points of interest or around a shop. The interaction is entirely voice-driven and requires no typing by the user.

 that serves as the primary network token of the OVER Metaverse. It has a wide variety of uses within the OVER ecosystem. 

The system has a total supply of 110 million OVR tokens, although there is no theoretical hard cap. OVR tokens were minted in two phases, via the initial token distribution event, which allocates OVR to those invested in the OVR platform, and the 

Just over 75% of OVR tokens were pre-minted in the initial token distribution event as follows: 

All of the tokens distributed during this event have a smart contract–enforced 

 period, which varies according to the different stakeholders.

The remaining tokens were minted and distributed via the IBCO on Nov 30, 2020. The IBCO was open to all users in crypto-friendly countries who have completed 

 (KYC). The IBCO's bonding curve follows that of the 

. Through the bonding curve, the OVR token price rises exponentially with the linear increase of its supply, and vice versa. 

The ecosystem makes use of three distinct OVR token streams. These permit the OVER platform to be self-sufficient for users to enjoy for many years to come, without having to rely on outside funding or a complex system of burning tokens and replacing them with new ones.

First, a 5% transaction fee is applied to all NFT and OVER Asset exchanges, as well as to all revenue gained by users who’ve leased out their OVRLands to publishers or advertisers.

Second, users can make in-app purchases for event tickets, private room access, virtual clothing for avatars, and credits to enjoy VR and/or AR games.

Finally, all VR and AR assets are stored on the IPFS system. To place private utility assets within an OVRLand, that IPFS space must be paid for with a small monthly fee of $1 worth of OVR tokens. Of the collected fees, half will be used to pay the IPFS storage providers, and the other half will be used to cover the cost of software development, repaying network maintainers and continuing the user base expansion. 

OVR token started trading in the market in late December at around $0.08. The all-time high for the OVR token is $3.33, which it reached on Dec 2, 2021. Its all-time low of $0.02 came on Jan 12, 2021. It currently trades for about $0.30 (Mar 31, 2023).

 the OVR token will reach $1.07 by the end of 2025 and $3.10 by the end of 2030. On the other hand, while PricePrediction.net also expects OVR's price to reach $1.07 by 2025, they are 

 in the long term, anticipating it to hit $7.01 by 2030.

OVR is considered to be a solid investment, especially if the above predictions end up coming true. Even if the more conservative prediction is the more accurate, the value of the OVR token would increase tenfold by the end of the decade. 

. The OVER Metaverse is likely to burgeon in popularity as AR becomes increasingly implemented in our everyday lives. This is already being confirmed by OVER's hybrid fashion show held in Milan 

 during the OVER Metaverse Fashion Week, featuring brands like PINKO and Tencent.

 are currently scheduled to be released in the coming months, adding even more value for potential investors as the number of users increases. For instance, the OVR team is working on a system that allows users to create their own AI avatars and manage them in their OVRLands. The OVR token will also feature added utility as a governance token when the OVER 

 (DAO) is launched. In addition, with the upgrade of the Unity SDK feature, you can expect even more fun AR experiences since it allows for the development of geo-localized AR NFT games.

While these developments may be indicative of OVER’s long-term growth potential, they should not be seen as investment advice. Always remember to do your own research before investing in any cryptocurrency, as crypto prices tend to be volatile. 

OVER Metaverse is a promising platform that leverages AR technology to offer seamless virtual experiences in the real world, blurring the lines between physical and digital spaces. Overall, the AR technology used by OVER Metaverse has the potential to revolutionize the way humans experience and interact with technology. As it continues to evolve and mature, it could open up new opportunities for businesses, individuals and communities to connect and collaborate in previously unimaginable ways.

OVER (OVR): Future of Reality With AR Metaverse

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