Nexthus said on Tuesday it has launched stONE, a liquid staking token that allows ONE staked on Onechain to be used in token form.

Using stONE lets users transfer or trade deposited assets within the Onechain ecosystem while keeping staking rewards.

stONE is based on ERC-4626, a standard that standardises deposit and withdrawal methods and share accounting for tokenised vaults. Users keep the same stONE balance, but the amount of ONE they receive when exchanging 1 stONE for ONE increases as staking rewards accumulate.

Conversions are available on the OneStaking page. Users can stake new ONE and convert it to stONE, and users already staking can convert their existing position to stONE without a separate unstaking process.

Burning stONE lets users immediately receive the ONE staking position corresponding to the token. To fully unstake and withdraw ONE, the same 14-day unstaking period as before applies.

Nexthus plans to also use stONE as collateral for OneLending in the future. Users can borrow ONEUSD, a common means of exchange in the Onechain ecosystem, against stONE and secure additional liquidity while keeping staking rewards.

OneStaking's annual percentage rate is currently about 73.86 percent. The figure may vary depending on the size of network rewards and total staked amount.

Nexthus CEO Jang Hyun-kuk (장현국) said, "stONE will add liquidity to assets participating in staking and serve as an opportunity to expand the ONE ecosystem from holding and rewards to actual use."