Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

DeFi Protocol Tranchess, Scroll, and StakeStone Launch New Yield Product, Queen Stone

Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).

In an announcement, Tranchess, Scroll, and StakeStone said they are addressing the recent surge in demand for DeFi products and services by offering users the opportunity to explore multiple DeFi protocols.

Queen Stone will use Scroll’s zero knowledge (ZK) technology. Tranchess will provide its expertise in yield optimisation and risk management combined with StakeStone’s staking solutions offering additional avenues for yield generation

“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,” said says Danny Chong, CEO and Co-Founder of Tranchess in a press release.

“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,” adds Chong.

Dencun Upgrade Sees Surge in Demand for DeFi Products

According to Tranchess a month into the Dencun upgrade, the DeFi community has been watching to see how prominent L2s will deliver cheaper transactions. There has been a surge in demand for DeFi products. DeFi’s TVL surged to a record-breaking high of plus $86 billion. This indicates a growing need to make DeFi more accessible to a broader audience.

Ethereum’s much-anticipated Dencun upgrade was scheduled for a mainnet launch on March 13, following successful testnet launches in February. The upgrade marked a significant milestone in Ethereum’s evolution and had an impact on the wider market.

In January, Tranchess, announced the launch of two new staking products. The products, dubbed “staYETH” and “turYETH,” aim to provide investors with diversified options for earning yield on their staked Ether (ETH).

Back then Tranchess said there is rising institutional demand for sophisticated DeFi products and positioned staYETH and turYETH as catering to both new and existing users seeking refined solutions.

The post DeFi Protocol Tranchess, Scroll, and StakeStone Launch New Yield Product, Queen Stone appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...


    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024