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Singapore, Singapore, December 13, 2022, Chainwire
starder lab, a leading multi-chain liquid staking protocol, has announced the launch of its liquid staking solution, ETHx for Ethereum.This week, Stader Labs Vision For Ethereum to shed some light on what to expect.
Current State of Ethereum Staking
First, a quick look at the Ethereum staking landscape today shows that Liquid staking has emerged as the most popular way for users to stake Ethereum (33% of all staked eth), with CEX ( 29%) followed. Also within the liquid staking ecosystem is Lido, the dominant protocol with around 90% market share. Moreover, this problem is only exacerbated by Lido’s model, which operates with a limited set of allowed node operators, up to 30. And with Lido and the top two CEXes, Coinbase and Kraken, over 50% of all Eth staked flows through these three entities alone. This clearly demonstrates the need for more robust alternatives.
Stader x Ethereum: Vision
Stader’s vision for Ethereum is to find the right balance between user-facing (think good UX, staking yield, Defi integration), scalable (able to support user demand), and decentralized power. It is to provide a liquid staking product that can be
Stader has three approaches to realizing this vision.
On the eve of the launch announcement, Stader Labs co-founder and CEO Amitej Gajjala said:
In line with our vision of bringing staking to 1 billion users, we are excited to bring our beloved liquid staking solution to Ethereum and add to the diversity of liquid staking on ETH. Our focus is on providing solutions that our users love and think of the best staking yields and great Defi opportunities, but we want everyone to be able to operate ETHx nodes without permission from day one. By doing so, we will promote the decentralization of Eth staking.
Stader has already received a grant from SSV Network, a leading decentralized validator technology (DVT) provider. Here’s what Alon Muroch, SSV’s lead developer, had to share.
We are very happy that Stader is built on Ethereum and SSV. Stader is one of the largest liquid staking protocols, with about $110 million in TVL and spread across 6 chains. We are thrilled to partner with them on this journey and join them as an early adopter of DVT.The resilience provided by DVT allows us to be a force for Ethereum’s decentralization.”
A white paper describing Stader’s ETHx design is planned for December 2022, and a mainnet launch is planned for Q1 2023.
About Stader
Founded in April 2021, starder lab is a non-custodial multi-chain liquid staking platform with over US$110 million of PoS assets staked. Currently operating on 6 chains (including BNB chain, Polygon, Hedera, Phantom, Nia, etc.), users can stake his PoS tokens, earn staking yields, and multiple can also amplify yields with his DeFi opportunity.
Over 25,000 wallets staked on Stader. Stader is backed by prominent funds such as Coinbase Ventures, Pantera, Jump Crypto, Accel Partners and Accomplice.
Website: https://www.staderlabs.com/
Social Links: twitter | | telegram | | discord
contact
Head of Business, Vibin P, Stader Labs, [emailprotected]
