Stakers deposit funds into StakeStone and receive a return on investment in the form of staking rewards (supply-side fees). StakeStone then deploys the staked capital to Lido.

StakeStone is an omni-chain LST (Liquid Staking Token) protocol aiming to bring native staking yields and liquidity to Layer 2s. StakeStone was founded by a anonymous team and launched in 2023.

StakeStone team controls the protocol. They do not currently take a cut of the total staking rewards earned by the protocol (revenue).

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StakeStone

# StakeStone Assets staked Methodology

## 1. Overview

The assets staked metric measures the total value of ETH deposited into StakeStone's liquid staking protocol at any point in time. This metric tracks the cumulative net balance of user deposits minus withdrawals, representing the total assets under management in the StakeStone protocol. The calculation follows deposit and withdrawal flows through StakeStone's smart contracts on Ethereum to compute a running balance of staked assets.

## 2. Data sources

The metric is calculated using several data sources:
- **Ethereum event logs**: Parsed `StoneVault_Deposit_event` logs from StakeStone's vault contract capturing user ETH deposits
- **Ethereum transaction traces**: Parsed `AssetVault_withdraw_function` transaction traces from StakeStone's asset vault contract capturing user ETH withdrawals  
- **Token metadata**: ETH token information including contract address (`0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2`) and decimal precision for amount normalization
- **End-of-day price feeds**: USD price data for ETH to enable currency conversion of the final metric values

## 3. Step-by-step calculation

### Component A: Deposit tracking
- **Purpose**: Captures all ETH deposits made by users into the StakeStone protocol
- **Logic**: Extracts deposit events from StakeStone's `StoneVault_Deposit_event` logs on Ethereum. Each deposit record includes the deposited `amount`, block timestamp, transaction hash, and log index. The system adds protocol metadata including business line classification as "Liquid staking", product identification as "stakestonev1", and version as "v1". All deposits are associated with ETH token address and account name "ETH"
- **Key fields**: `amount` (deposit amount), `block_timestamp` (deposit timing), `transaction_hash` and `log_index` (unique event identification)

### Component B: Withdrawal tracking  
- **Purpose**: Captures all ETH withdrawals made by users from the StakeStone protocol
- **Logic**: Extracts withdrawal function calls from StakeStone's `AssetVault_withdraw_function` transaction traces on Ethereum. Filters for successful transactions only (status = true) and excludes internal protocol transfers to the StrategyController contract (`0x396abf9ff46e21694f4ef01ca77c6d7893a017b2`). Each withdrawal record includes the withdrawn `amount`, block timestamp, transaction hash, and trace address. Applies the same protocol metadata as deposits
- **Key fields**: `amount` (withdrawal amount), `block_timestamp` (withdrawal timing), `transaction_hash` and `trace_address` (unique trace identification), `status` (transaction success flag)

### Component C: Daily balance calculation
- **Purpose**: Combines deposits and withdrawals to calculate net daily balance changes
- **Logic**: Unions deposit records (with positive amounts) and withdrawal records (with negative amounts), then truncates timestamps to daily boundaries. Applies decimal correction using token metadata to normalize ETH amounts to standard precision. Aggregates the corrected amounts by day, chain, business line, market sector, product, version, account name, and token address to calculate net daily deposit/withdrawal amounts. Uses a fill zeros strategy to ensure continuous daily time series with no missing dates
- **Key fields**: `timestamp` (daily boundary), `amount` (net daily balance change), protocol dimension fields for grouping

### Final aggregation
- **Combining components**: All daily net balance changes are processed through a cumulative sum calculation using a window function partitioned by chain, business line, market sector, product, version, account name, and token address, ordered by timestamp
- **Currency conversion**: Final ETH amounts are converted to USD using end-of-day price feeds through the `convert_to_usd_and_correct_decimals` macro  
- **Time aggregation**: Data is aggregated to daily boundaries with each day representing the total assets staked as of that date
- **Final calculation**: The assets staked value equals the running cumulative sum of all net daily deposit/withdrawal amounts, converted to USD, representing the total value of ETH currently deposited in the StakeStone protocol

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of assets staked or restaked through the project.

StakeStoneSTO

Assets staked

Assets staked

Competitive landscape

Chain breakdown