NEXUS launched stONE, a liquid staking token that provides liquidity for $ONE staked on ONEchain, on the 23rd. The current annual percentage rate (APR) for ONEstaking is approximately 73.86%.
stONE allows users to utilize rights to deposited assets in token form while maintaining staking rewards. Users can transfer or trade assets within the ONEchain ecosystem while keeping $ONE staked.
Technically, it applies the ERC-4626 standard, which specifies deposit, withdrawal, and share calculation methods for tokenized vaults. Accumulated staking rewards are automatically reflected in the exchange ratio between stONE and $ONE.
Users can convert $ONE into stONE on the ONEstaking page. Even if $ONE was previously staked, existing staking shares can be converted into stONE without a separate unstaking process.
Even as rewards accumulate, the quantity of stONE held by a user does not change. Instead, the structure increases the amount of $ONE received when exchanging 1 stONE back to $ONE.
Burning stONE immediately returns the corresponding staking share of $ONE without a waiting period. However, when unbonding the staking share to fully withdraw $ONE, the standard 14-day unstaking period applies.
In the future, stONE is planned to be used as collateral for ONElending. ONElending plans to allow users to borrow $ONEUSD, the common medium of exchange in the ONEchain ecosystem, using stONE as collateral.
NEXUS CEO Jang Hyun-guk said, “Staking is a structure where holders participate in the long-term growth of the ecosystem and share in its outcomes,” adding, “stONE adds liquidity to staked assets, serving as a catalyst to expand the $ONE ecosystem from holding and rewards to practical utility.”
The annual percentage rate for ONEstaking may vary depending on the scale of network rewards and the total amount staked.
