Yay StakeStone Ether
YAYSTONE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
YAYSTONE (Yay StakeStone Ether) functions as a liquid staking deposit receipt token issued in partnership between the SocialFi platform Yay! (operated by nanameue) and StakeStone, deployed across Ethereum and Soneium. The token scores well in Security and Audit History (7.5/10) due to independent audits by Beosin (July 2024), third-party audits of the underlying StakeStone contracts (Quantstamp, Veridise, Secure3), and a clean track record free of exploits, insolvencies, depegs, or regulatory actions. However, as a passive derivative wrapper rather than an independent protocol, YAYSTONE exhibits severe fundamental limitations: it lacks its own development repository (Active Development: 4.5/10), has no dedicated governance, DAO, or active community engagement (Community Support: 1.0/10; Team and Governance: 4.0/10), offers no standalone tokenomic model or utility beyond campaign yield/points (Tokenomics: 3.5/10), and suffers from acute illiquidity with near-zero daily trading volume and a sub-$500k market cap (Market and Use Case: 2.0/10). No qualifying red-flag events were established. The overall score of 3.8 is the exact weighted average across all six evaluated dimensions.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Yay StakeStone Ether (YAYSTONE)
Yay StakeStone Ether (YAYSTONE) is a yield-bearing liquid staking deposit receipt token deployed on Ethereum and Soneium. The token was created through a partnership between the SocialFi platform Yay! (operated by the Tokyo-based company nanameue) and the liquid staking protocol StakeStone. YAYSTONE serves as a secondary wrapper around StakeStone's liquid staking asset (STONE), minting supply against deposits to distribute staking yield, protocol points, and campaign rewards determined by the StoneVault contract.
The token lacks a standalone protocol architecture or native governance mechanism, operating as a passive deposit receipt without a decentralized autonomous organization (DAO) or voting rights for holders. Security assessments include a July 2024 independent smart contract audit by Beosin, which identified one low and one informational finding that were acknowledged by the team, alongside audits of StakeStone's underlying infrastructure by firms including Quantstamp, Veridise, and Secure3. There are no recorded exploits, depegs, insolvency events, or regulatory actions associated with the token.
YAYSTONE carries operational and market risks stemming from its structural design and market profile. The asset exhibits severe illiquidity, characterized by near-zero daily trading volume, a holder base of approximately one thousand addresses, and a circulating market capitalization under $600,000. Additionally, holders are exposed to counterparty and platform risks tied directly to the performance, custodial security, and smart contract execution of both the Yay! platform and the underlying StakeStone protocol.