Tranchess, a yield-enhancing asset tracker with varied risk-return solutions, in collaboration with StakeStone, a liquidity infrastructure protocol, has launched a new yield product, Queen Stone (stoneQUEEN), utilizing Scroll’s advanced zero knowledge (ZK) technology. This product includes Turbo Point Stone (turPSTONE) and Stable Yield Stone (staYSTONE), offering sophisticated, multi-layered staking options for both institutional and individual investors.
This integration combines Tranchess’ expertise in yield optimisation and risk management with Scroll’s layer 2 zero knowledge technology and StakeStone’s staking solutions, offering additional avenues for yield generation. This is the first product of its kind built on Scroll, with staYSTONE crafted for investors who prioritise stability and turPSTONE catering to those aiming for accelerated returns.
“This isn’t just a technological integration, it’s a leap forward in how we approach efficiency and yield. This integration introduces a complex, layered approach to yield optimisation, providing users with multiple sources of yield through native staking rewards, Stone points, Scroll marks, and Tranchess airdrops, along with additional earnings from LP pools. As such, Tranchess StakeStone Fund deployed on Scroll empowers investors to explore multiple yield sources across DeFi protocols, enabling them to access diverse yield generation avenues.”, says Danny Chong, CEO and Co-Founder of Tranchess.
ZK Technology being the foundation of this partnership reflects a broader trend of industry investment. Blockchain applications are increasingly using ZK Technology to reduce fees, boost speed, and protect transaction privacy. In recent years, zkEVMs – virtual machines that make use of Ethereum’s runtime environment, called Ethereum Virtual Machine (EVM) – have emerged to accelerate and secure the blockchain network.
“Scroll is excited to collaborate with StakeStone and Tranchess, by providing our highly secure ZK technology to unite innovative liquid staking and yield solutions in the Ethereum ecosystem. This is an exciting opportunity for developers building on Scroll – they can integrate technology from StakeStone and leverage strategic insights from Tranchess, to unlock new levels of yield optimization for their projects. This partnership within the Scroll network promises to enhance the secure, scalable environment we offer and create more user-friendly DeFi experiences across our ecosystem”, says Sandy Peng, Co-founder of Scroll.
As the DeFi sector evolves to meet the maturing needs of its users, the demand for more accessible and sophisticated solutions becomes increasingly important. Tranchess, Scroll, and StakeStone’s collaboration is a response to provide a product that bridges the gap between complex and accessible DeFi experiences.
The recent surge in DeFi activity, with March recording record-breaking highs on decentralised exchanges (DEXs), highlights the renewed interest in the sector but also the market’s need for innovative and accessible products and services. StakeStone’s achievement of $1.3B TVL in the same month also fuelled the development of an omnichain liquidity distribution network that integrates both application and consensus layers, setting a new standard in DeFi accessibility and efficiency.
“Integrating Tranchess and Scroll within the DeFi ecosystem isn’t just about creating seamless user experiences or enhancing liquidity – it’s about collectively architecting the financial bedrock of tomorrow. Each integration acts as a strategic stitch in the expansive tapestry of DeFi, ensuring that we are not just creating a new financial system, but one that is inherently more inclusive, resilient, and attuned to the needs of a global economy”, says Ivan K, CMO, StakeStone.
The launch of turPSTONE and staYSTONE represents the first in a series of funds aimed at providing a comprehensive DeFi fund experience, with investment horizons spanning from six months to a year and beyond. As institutions continue to gravitate towards ZK technology and liquid staking, strategic partnerships that combine these trends to streamline DeFi will help meet growing demand.
About Tranchess
Tranchess is a yield-enhancing asset tracking and management protocol tailored to users’ risk profiles. They are also a multi-chain proof-of-stake validator, offering Ethereum liquid staking, and have consistently performed as a top BNB Chain Validator. Tranchess is backed by leading industry VC investors including Spartan Group and Binance Labs.
About Scroll
Scroll is a secure, Layer 2 blockchain built by and for Ethereum developers. It uses zero-knowledge proofs to scale Ethereum’s capabilities without sacrificing security or decentralization. Existing Ethereum applications can easily migrate to Scroll for faster transactions and lower fees. Scroll prioritizes open-source collaboration and community involvement to shape the future of Ethereum.
About StakeStone
StakeStone is a leading liquidity infrastructure protocol that specializes in staking assets on risk-free underlying assets beyond the consensus layer, minting yield-bearing assets, and redistributing liquidity across chains and protocols. With its innovative architecture and commitment to transparency and optimized yields, StakeStone is dedicated to advancing the DeFi space by supporting the minting of assets like yield-bearing ETH and STONE ETH and establishing new standards for liquid assets. StakeStone’s relentless pursuit of transparency and maximized yields drive the evolution of liquid assets, cultivating a dynamic, ever-growing omnichain liquidity distribution network.