Router's StakeStone Intent Adapter: A Staking Revolution
In this case study, we explore how Router Protocol's Intent-Based Architecture powered over $10 million in assets flowing into StakeStone in less than a month, attracting over 19,000 unique users. This demonstrates the effectiveness of the Web3 economy, allowing cross-chain liquidity to be effortlessly accessed. Router's CCIF-based adapters offer a solution that helps decentralized applications (DApps) attract liquidity and users from a broad range of blockchains using chain abstraction.
What is StakeStone?
StakeStone lets users deposit ETH and receive STONE, a yield-bearing ETH token, on the Ethereum network. With over $550 million in TVL (Total Value Locked), STONE is an omnichannel token designed to enhance liquidity across Layer 2 (L2) solutions. The StakeStone Adapter, powered by chain abstraction, simplifies acquiring STONE on Scroll with minimal friction. This highlights how intent based architecture crypto can streamline cross-chain token swaps, offering efficiency and speed without requiring users to navigate complex processes.
ETH → STONE → REWARDS
Solving Staking Challenges with Intent-Based Architecture
Imagine a user who wants to acquire STONE on Scroll to earn STONE Points and Scroll Marks. Traditionally, this would require either:
Swapping tokens for STONE on a DEX on Scroll, where slippage is often a concern, or
Converting to ETH, bridging it to Ethereum, staking it into STONE, and then bridging the STONE to Scroll—a cumbersome, multi-step process.
The router's Intent-Based Architecture makes this process much simpler. Through a chain abstraction approach, users can perform all these actions in just one transaction, removing unnecessary steps and transaction costs.
Optimizing the Staking Experience
To further optimize the staking process, Router’s Intent Adapter adapts to different user needs based on transaction size:
For smaller transactions, we directly swap on Scroll, minimizing slippage and maximizing returns.
For larger transactions, we transfer tokens to Ethereum, stake them, and then bridge the corresponding STONE back to Scroll, ensuring optimal returns while maintaining the process's simplicity.
Using swaps tokens, we help users navigate the cross-chain staking process efficiently, improving user onboarding and retention.
The Growing Demand for Omnichain Solutions
As demand for omnichannel liquid staking tokens (LSTs) and yield-bearing ETH grows, both individual speakers and emerging blockchains need efficient access to liquidity. Stakers are looking for almost risk-free staking returns, while blockchains require sufficient ETH liquidity to avoid missing out on staking opportunities directly on Ethereum.
StakeStone addresses these needs by enabling risk-free staking on Layer 2 solutions, but a key challenge for users is the complexity of navigating multiple decentralized applications (DApps) to begin staking. This is where the StakeStone Intent Adapter comes in.
Our Intent-Based Architecture simplifies the staking process, allowing users to stake and obtain STONE on Scroll in one seamless transaction. Whether it's more beneficial to stake ETH on StakeStone Ethereum contracts and then bridge the minted STONE or to execute a direct cross-chain token swap, the adapter always ensures the best return for any user request. This approach optimizes the process using chain abstraction, providing a smoother experience across multiple blockchains.
Moreover, users earn Nitro Carrots when using the Nitro bridge, further enhancing the appeal of the Intent-Based Architecture. This results in a 10x improvement in user experience because users no longer need to visit multiple pages or perform dozens of clicks to complete a task. One intent-based transaction replaces all the friction.
Key Milestones for the StakeStone Adapter
Transaction Volume: The total transaction volume through the StakeStone Adapter has exceeded $10 million in less than a month. This highlights the efficiency of the Intent Based Architecture crypto in driving cross-chain staking adoption.
User Base: The number of unique users interacting with the StakeStone Adapter has surged to over 19,000, demonstrating chain abstraction's broad appeal and effectiveness in enhancing user acquisition and engagement.
Efficiency and Speed: The StakeStone Adapter processes transactions in at least 40 seconds on average, showcasing its ability to handle large volumes of transactions efficiently and reliably. This speed, combined with the seamless experience, is driving further adoption in the Web3 economy.
These milestones underscore the growing popularity of the Intent Adapter, a testament to how chain abstraction and intent-based architecture are reshaping the staking landscape and driving seamless cross-chain interaction.
The Power of Intent-Based Architecture in Web3
The StakeStone Intent Adapter is revolutionizing how users approach staking in Web3. By embracing swaps tokens, we make it easier for users to stake assets across multiple blockchains, saving them time and reducing transaction costs. This approach is essential in making staking more efficient and user-friendly.
Key benefits of intent-based architecture include:
Simplification: Instead of juggling multiple transactions or blockchain interactions, users can complete all steps in a single intent-based transaction, dramatically improving the user experience.
Cost Efficiency: The Intent Adapter eliminates slippage and unnecessary swap fees by ensuring the most efficient path for acquiring STONE. This is crucial for optimizing returns in cross-chain staking scenarios.
Omnichain Accessibility: Through chain abstraction, the StakeStone Adapter allows users to stake from any blockchain without the complexity of managing multiple platforms. This opens up staking to a broader audience and enhances the flexibility of cross-chain liquidity.
Conclusion: A New Era of Staking
The StakeStone Intent Adapter is transforming how we stake assets in Web3. Using chain abstraction, we've created a solution that simplifies staking, reduces costs, and improves the overall user experience. It's a breakthrough for takers looking to maximize returns across multiple chains quickly.
This adapter represents the future of staking and cross-chain interoperability—where users can quickly access liquidity, avoid complexity, and engage in Web3 with a few simple clicks.
Interested in making your DApp more accessible to users from all chains? Contact our team! We can help you integrate an Intent Adapter to expand your reach and attract users from any blockchain. BOOK A CALL with our business development team, and let us help you bring liquidity and users from every corner of the Web3 economy.