Getting to know Stader Labs
There are quite a lot of projects providing staking. Stader Labs is one of those. However, it offers users services in several blockchains at once:
- Polygon.
- Hedera.
- BNB.
- Near.
- Fantom.
- Terra 2.0.
The other day it became known that the platform has added a new blockchain for its users — Ethereum. In total, there are more than 70 thousand users on the site. About $113 million has been frozen in staking. At the same time, the service has already paid more than $ 20 million as a reward for staking.
The website of the staking service indicates that it constantly conducts audits with independent companies. The reports are publicly available and users can view them. The auditors include: PeckShield, Halborn, BlockSec, OES and others. Among the partners are indicated Blockchain.com , Coinbase Ventures, Pantera Capital, etc.
What is known about ETH staking at Stader Labs
It is known that in the staking of the Ethereum crypto network itself, it is necessary that at least 32 tokens are blocked from holders. However, in Stader Labs, it is enough to freeze 4 coins. This is 85% less than in the main crypto network.
4 coins are used to issue the ethX token. It will be used to provide the entire share. The remaining 28 coins will be used by liquid stakers.
At the same time, the service claims that the remuneration of users will be 50% higher. Due to this, the remuneration coefficient will exceed 6%. Along with this, with 8 times the leverage, validators who use Stader will be able to receive 35% higher income from their own Ethereum coins.
According to the data, popular staking services, such as Lido, have Ethereum coins worth $ 15.5 billion. At the same time, their profitability at the time of writing is only 3-4%.
Staking involves freezing tokens for a certain period of time. This allows you to support network operations in the blockchain. At the same time, users are rewarded in the form of coins for blocking assets. This approach can be compared with deposits in a bank, where depositors keep funds, and due to this they receive a certain percentage.
Staking has a significant drawback. Despite all the aspirations for decentralization, it is not possible to achieve it in full. At the moment, the TOP 3 staking services have more than 50% of ETH coins. This information was provided by the SEO of the project. At the same time, he added that in order to solve this problem and preserve decentralization, the service introduces self-restriction. It accounts for 22% of the share of all Ethereum coins that are in the stake. This will reduce the centralization of the system and ensure a fair and balanced distribution of power among all.
It should be noted that recently the popularity of staking has grown significantly. CoinGecko cites data that in the first quarter of this year, staking has become the fastest growing area in the field of decentralized finance. The market capitalization growth reached almost 211%. He took 3rd place in the DeFi category.
