Binance Labs and OKX Ventures-backed liquidity infrastructure StakeStone announced today the launch of “Berachain Vault”, which allows users to deposit assets such as ETH and STONE (StakeStone ETH) to earn a range of rewards, including rewards from Berachain and its ecosystem protocols (through Boyco), STO token airdrops from StakeStone (approximately 0.45% of total supply), staking and restaking incentives, and future earnings from Berachain Proof of Liquidity (PoL).
Users only need to access the Berachain Vault webpage, connect to the Ethereum mainnet, and deposit assets like ETH and STONE into the Berachain Vault in exchange for StakeStone Berachain’s vault tokens – beraSTONE/beraSBTC (not yet available), in order to receive Bera-Wave points and other rewards from the Berachain ecosystem. All rewards will be distributed based on the user’s holdings or usage of beraSTONE/beraSBTC.
Furthermore, using beraSTONE or beraSBTC in DeFi can accelerate point acquisition. 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. For detailed point calculation methods, please refer to this official article. However, it should be emphasized that currently the vault is only open for deposits and not for redemptions. If you want to liquidate beraSTONE, you must do so through decentralized exchanges (DEX) or over-the-counter trading.
It is worth mentioning that 10,000 participants (depositing ≥ 0.042 ETH or ≥ 0.0015 BTC) will also receive a reward of 150 STO. Additionally, using referral code 2A30E will provide an additional 10% of points.