Tranchess Collaborates with StakeStone and Scroll to Launch Queen Stone Yield Product
Tranchess, StakeStone, and Scroll Collaborate to Launch New DeFi Yield Product
In a move to address the increasing demand for decentralized finance (DeFi) products and services, Tranchess, StakeStone, and Scroll have joined forces to launch a new yield product called Queen Stone (stoneQUEEN).
Queen Stone will leverage Scroll’s zero knowledge (ZK) technology, Tranchess’s expertise in yield optimization and risk management, and StakeStone’s staking solutions to offer users multiple sources of yield through native staking rewards, Stone points, Scroll marks, and Tranchess airdrops, along with additional earnings from LP pools.
Danny Chong, CEO and Co-Founder of Tranchess, highlighted the benefits of this collaboration in a press release, stating that the integration introduces a complex, layered approach to yield optimization, providing investors with diverse yield generation avenues across various DeFi protocols.
The launch of Queen Stone comes at a time when the DeFi community is witnessing a surge in demand for innovative products and services. The recent Dencun upgrade on Ethereum has further fueled this demand, with DeFi’s total value locked (TVL) reaching a record-breaking high of over $86 billion.
Tranchess had previously announced the launch of two new staking products, staYETH and turYETH, aimed at providing investors with diversified options for earning yield on their staked Ether (ETH). The rising institutional demand for sophisticated DeFi products has prompted Tranchess to cater to both new and existing users seeking refined solutions.
Overall, the collaboration between Tranchess, StakeStone, and Scroll marks a significant milestone in the DeFi space, offering users a comprehensive and innovative approach to yield generation across multiple protocols. As the demand for DeFi products continues to grow, initiatives like Queen Stone are poised to play a crucial role in making DeFi more accessible and lucrative for a broader audience.
