Berachain and StakeStone's Pre-Deposit Campaign Draws $175M from 35,000 Users in 24 Hours

Berachain, a blockchain project valued at $1.5 billion, has launched a pre-deposit campaign in collaboration with StakeStone, attracting significant interest from the crypto community.

Within 24 hours, over $175 million was deposited into two pre-deposit vaults by more than 35,000 users. The campaign allows users to deposit Ethereum (ETH), Wrapped Ethereum (WETH), or STONE tokens into the Berachain Vault on the Ethereum network, in return for beraSTONE or beraSBTC tokens.

These tokens unlock opportunities in DeFi, including trading, lending, and leveraging. The first 10,000 users to deposit at least 0.042 ETH or 0.0015 BTC were eligible for an additional reward of 150 $STO tokens. Berachain, which has raised $142 million in funding, is gearing up for its token generation event (TGE), with high community expectations.

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