Stader Labs unveils plan for DeFi-friendly solutions on Ethereum

Stader Laboratories, a leading multi-chain liquid staking protocol, has announced that it is launching its liquid staking solution, ETHx for Ethereum. This week, Stader Labs published its vision for Ethereum, which sheds light on what to expect.

The state of Ethereum staking

First, a look at the current state of Ethereum staking shows that liquid staking has become the most popular way (33% of all ethos staked) for users to stake Ethereum, followed by CEX (29 %). And within the liquid staking ecosystem, there is one dominant protocol, Lido, which has ~90% market share.

Also, the problem is only made worse by Lido’s model of working with a limited set of ~30 authorized node operators. And, on Lido and the top 2 CEXs on Coinbase and Kraken, over 50% of all Eth flows staked through these 3 entities alone. This clearly highlights the need for more robust alternatives.

Stader x Ethereum: Vision

Stader’s vision on Ethereum is to offer a liquid staking product that can find the right balance between being a backwards user (think great UX, staking performance, Defi integrations), scalable (can support user demand) and a force for decentralization.

Stader’s approach to delivering this vision will be threefold:

  • A hybrid ecosystem of permissionless and permissioned node operators with a focus on decentralization. The permissioned pool will allow Stader to continue to scale as the permissionless ecosystem develops to support billions of dollars in participating assets.
  • Lower tying requirements for permissionless operators, fully reflecting the non-punitive nature of ETH staking design, especially for non-malicious performance issues. In addition, Stader will adopt cutting-edge DVT technologies that significantly reduce the risk of outages and penalties.
  • Actively developing DeFi around its soon-to-be-launched liquid token, ETHx. Leverage experience building Defi offerings on chains, where Stader has integrations into major Defi protocols like AAVE, Balancer, QiDAO, Beefy Finance, Venus, Apeswap, and more.

Speaking on the eve of the launch announcement, Amitej Gajjala, co-founder and CEO of Stader Labs, said:

“In keeping with our vision to bring staking to 1 billion users, we are happy to bring our much-loved liquid staking solution to Ethereum and add to the diversity of liquid staking in ETH. Our focus will be to deliver a solution that users love, think higher staking returns and fantastic Defi opportunities, while also fostering the decentralization of Eth staking by allowing anyone to operate nodes for ETHx without permission from on day 1”.

Stader has already received grants from the SSV Network, the leading provider of distributed validation technology (DVT), and this is what Alon Muroch, lead developer of SSV, shared:

“We are excited to see Stader build on top of Ethereum and SSV. Stader is one of the largest liquid staking protocols, with ~$110M in TVL and a presence on 6 chains, and it’s good to see them add to the diversity of liquid staking on Ethereum. We are pleased to partner with them on this journey and have them as early adopters of DVT. The resiliency provided by DVT will allow them to be a force for decentralization on Ethereum.”

A white paper, presenting Stader’s ETHx design, is expected in December 2022 with the mainnet launch scheduled for Q1 2023.

About Stader

Founded in April 2021, Stader Laboratories is a non-custodial, multi-chain liquid staking platform with over USD 110 Mn+ staked PoS assets. Currently live on 6 chains (including BNB Chain, Polygon, Hedera, Fantom, Near, etc.), users can stake PoS tokens, earn staking returns, and also amplify returns on various DeFi opportunities like Aave, Balancer, etc.

More than 25,000 wallets have been wagered with Stader. Stader is backed by notable funds including Coinbase Ventures, Pantera, Jump Crypto, Accel Partners, and Accomplice.

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Vibin P

Stader Laboratories

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Disclaimer: This is a paid post and should not be treated as news/advice.