Stonedefi

Stonedefi operates as a yield management protocol within the decentralized finance (DeFi) sector, with a focus on providing stable returns for liquidity providers. Founded in September 2020 by Alex Lam, the company aims to address the risky strategies often seen in other yield aggregators by prioritizing the viability and integrity of digital assets over potential yield alone. Lam's background includes work with government-affiliated institutions before he developed a keen interest in the cryptocurrency space, leading to the creation of platforms like RockX, which provides some support to Stonedefi.

The firm's core business revolves around aggregating income and liquidity across different blockchain networks. It functions as a cross-chain liquid staking aggregation and yield protocol. The platform is designed for users of the DeFi ecosystem, from individuals seeking passive income to more experienced DeFi enthusiasts. Stonedefi generates revenue through fees on its services; for instance, its swap feature has a trading fee where a portion goes to liquidity providers and a smaller percentage goes to the Stonedefi protocol. The business model is centered on providing a secure environment for users to stake crypto assets, participate in yield farming, and access a variety of financial products like decentralized exchanges (DEXs) and lending protocols.

Stonedefi’s main offering is its yield management protocol which secures capital in asset pools and yield farms. A key feature is its native token, STN, which is integral to the platform's governance through a Decentralized Autonomous Organization (DAO), allowing token holders to vote on protocol adjustments. The platform also offers liquid staked assets, enabling users to stake tokens and receive rewards. Security is a noted priority, with the protocol employing advanced encryption and secure smart contracts to protect user funds. In late 2020, the project received an undisclosed amount of early-stage funding from Signum Capital, a venture capital firm specializing in blockchain startups. The company has also held several token sale events, including private sales and an Initial DEX Offering (IDO) in March 2021 to raise capital.

Keywords: decentralized finance, DeFi, yield management, liquidity provider, cross-chain staking, yield farming, STN token, crypto asset management, passive income crypto, blockchain finance, liquidity pools, Alex Lam, DAO, staking protocol, crypto yield, digital assets, tokenization, Signum Capital, RockX, liquid staking