Stader

What is Stader?

Stader is a non-custodial smart contract-based staking platform that facilitates the exploration and utilization of staking solutions. It serves as pivotal staking middleware infrastructure for various Proof of Stake (PoS) networks, catering to retail crypto users, exchanges, and custodians. Stader allows users to stake tokens, receive liquid staking tokens, and participate in DeFi activities across a wide array of protocols. Its modular smart contracts enable third-party developers to leverage its infrastructure and build custom solutions, fostering innovation and growth in the staking ecosystem.

Notable features include:

• Non-custodial smart contract-based staking platform
• Facilitates access to staking solutions for retail users, exchanges, and custodians
• Key middleware infrastructure for multiple PoS networks

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Recent Video Interview

Main points of the interview:

• Ahmed Gajala, co-founder of Stader Labs, shared his journey into crypto, starting in 2019.
• Built Stader Labs to simplify staking for users, aiming to onboard the next billion.
• Addressed challenges like choosing validators, managing rewards, and automating staking processes.
• Stader Labs focuses on making staking accessible and efficient, starting with the Terra ecosystem.

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What is Liquid Staking?

Liquid staking is a groundbreaking concept enabling users to mint tokens representing their staked assets, which appreciate in value through accrued staking rewards. This innovation allows seamless participation in both staking activities and decentralized finance (DeFi), enhancing user engagement and utility.

ETHx: Revolutionizing Ethereum Staking

ETHx represents a groundbreaking advancement in Ethereum staking, crafted by Stader to revolutionize the staking landscape. By offering continuous staking rewards, ETHx ensures that Ethereum assets remain fluid and accessible, unlike traditional staking methods.

Moreover, its integration with decentralized finance (DeFi) applications unlocks a wealth of opportunities for users to maximize their returns and engage with various financial protocols. Additionally, ETHx prioritizes scalability, addressing the growing demands of the Ethereum network while maintaining efficiency and decentralization. Through these features, ETHx delivers a compelling value proposition, enhancing the staking experience for Ethereum stakeholders and driving broader adoption of staking and DeFi within the Ethereum ecosystem.

Stader's Vision for ETHx

Liquid staking has gained popularity, representing over 3% of all staked ETH, with centralized exchanges (CEXs) capturing around 29% of the market. However, the dominance of a single protocol underscores the necessity for diverse and robust alternatives, especially those integrating seamlessly with DeFi.

Stader envisions ETHx as a catalyst for democratizing Ethereum staking, promoting scalability through Distributed Validator Technology (DVT), and fostering extensive integration within the DeFi ecosystem. By striking a balance between user experience, scalability, and decentralization, Stader aims to drive widespread adoption of ETHx.

What is SD?

Stader (SD) token serves as the native governance and value accrual token for the platform. With a capped supply of 150 million tokens, SD token holders participate in governance decisions and earn rewards through staking, liquidity mining, and preferential delegations.

Similar Projects

Some similar projects to Stader: pSTAKE Finance, SSV Network, Ankr Network, Axelar, BENQI, Bifrost Native Coin, Biswap, Frax Share, Hatom...

Team Background

Stader Labs boasts a seasoned leadership team with over 60 years of combined experience in technology, growth, and strategy. The team is led by:

• Amitej, CEO and Co-founder, brings over a decade of experience in strategy consulting and startup management, with a background including Swiggy and ATKearney.
• Sidhartha, CTO and Co-founder, offers deep expertise in crypto mining and over 10 years of experience in building and scaling tech applications.
• Dheeraj, Protocol Lead and Co-founder, contributes 10+ years of engineering experience from Silicon Valley giants like LinkedIn, Blend, and PayPal.
• Gautam, General Manager for Hedera and BNB, brings over a decade of experience in investment banking, consulting, and investing from companies like Kearney, Deutsche Bank, and JP Morgan.
• Anoothi, General Manager for NEAR and Terra 2.0, boasts nearly a decade of experience in business consulting and strategy from McKinsey, Abbott, and Kearney.
• Vibin, General Manager for Fantom and Polygon, offers over 10 years of experience in consulting and operations, with previous roles at Swiggy and BCG.

Project Development

In the Q1 '24 Report, Stader Labs showcases remarkable achievements and developments. The Total Value Locked (TVL) surged to $675M, reflecting a staggering 600% year-over-year growth. Moreover, the number of users staking with Stader surpassed 96,000. A significant milestone was the launch of the SD Utility Pool, attracting over 1.8 million delegated $SD within a month.

This pool rewards protocol token holders for contributing to Ethereum's decentralization while enhancing accessibility for Node Operators (NOs) by eliminating governance token exposure. Notably, $SD holders can exploit various DeFi opportunities on platforms like ETHx, MaticX, and BNBx. The report also highlights top DeFi opportunities across the Stader ecosystem, including lucrative rewards on Ethereum, Polygon, and BNB chains. Additionally, Stader introduces the SD Splash Season, featuring rewards and campaigns like gas-free delegation, aimed at engaging the community further.

Stader Price Analysis

As of November 24 2024 Stader has a marketcap of $49M. This is {{percentagefromath}} from its all time high of $30.17. In terms of its tokenomics, there's a total supply of 120M with 42% currently outstanding. Keep in mind Stader has a fully diluted value of $118M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.