# StakeStone($stone)  and how to utilize it

**Published by:** [nanobro](https://paragraph.com/@nanobro/)
**Published on:** 2023-12-20
**URL:** https://paragraph.com/@nanobro/stakestone-stone-and-how-to-utilize-it

## Content

What is $stone? You likely see them often on Manta network and Linea mainnet ✅ Stone will have a higher value than ETH (similar principle to wstETH). ✅ Stone is the LST utilizing @LayerZero_Labs' OFT technology. ✅ Fundraising by @HashKey_Capital.The actual price of Stone can be checked on the website: http://app.stakestone.io/u/stake The ETH we deposit into StakeStone will be converted to Lido's stETH. Simply put, it becomes wstETH using OFT technology.It's an OFT multichain asset. Prices on Manta are low because it hasn't been widely released yet. But some are willing to sell at a lower price to get ETH and loop back. 👉 This results in $stone on Manta's DEX being cheaper than it should be. Currently on Manta, we can:Deposit into Layerbank.They have a deposit cap of 10,000 Stone, which is currently full. If you want to deposit, keep an eye on the raise cap updates. And while you’re at it. Looping your position for maximize yield is recommended. (But dont do max)If you have ETH for long-term holding, buying Stone is a good option. The price will likely return to parity with ETH once the bridge is established (today: 1 STONE = 1.0022 ETH).Putting LP to receive Genesis Stone NFT $stone on @MantaNetwork is possible. You can use it to provide liquidity for $stone/$weth LP and get StakeStone's Genesis NFT.❌ But the rates aren't good yet. Hold off for now. Just a heads-up; wait for better rates. First step: Add LP at https://quickswap.exchange/#/pools?currency0=0x0Dc808adcE2099A9F62AA87D9670745AbA741746&currency1=0xEc901DA9c68E90798BbBb74c11406A32A70652C3 Then lock it at https://app.stakestone.io/u/stone-eco$stone Contract Manta 0xEc901DA9c68E90798BbBb74c11406A32A70652C3 ETH 0x7122985656e38BDC0302Db86685bb972b145bD3C Linea 0x93F4d0ab6a8B4271f4a28Db399b5E30612D21116 Mantle 0x2Fde62942759d7C0aaf25952Da4098423bC1264C In the future, there should be more added use cases, similar to regular tokens. Right now, it's a waiting game. ✅ All done. Those holding $stone will feel more confident and secure. For now, holding on for 69 days post the release of the Manta token.Enjoy this? follow for more at @gadgeteerth @0x_nanobroSubscribe

## Publication Information

- [nanobro](https://paragraph.com/@nanobro/): Publication homepage
- [All Posts](https://paragraph.com/@nanobro/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@nanobro): Subscribe to updates
- [Twitter](https://twitter.com/0x_nanobro): Follow on Twitter