Stader is a non-custodial smart contract-based staking platform that helps you conveniently discover and access staking solutions. Stader is building key staking middleware infra for multiple PoS networks. If you are bullish on Layer 1 and Layer 2 chain tokens such as Matic, Fantom, Near, BNB, Hedera, Avalaunche and Solana, this is a great platform to stake your tokens while earning 30% APY or more just for holding those network tokens. Liquid staking allows, on the one hand, it allows the usrs to stake their crypto, while on the other hand, it also allows them to use those staked funds in the other projects earn extra money. One of the significant benefits of liquid staking is to use your funds to invest in other projects while earning rewards or yields. Liquid staking is also referred to as “soft staking.” As known above, it is a process of locking up your crypto funds to earn rewards while still having access to the funds you staked. It is a profitable way to put your idle crypto assets to work and earn a passive income. Typically, the timeline for "locked crypto" the staking period is somewhere from days to weeks or even months. You might have to pay the penalty for pulling off your funds from the staking process early, also known as “unstaking.” It usually takes weeks for your funds to be available when you unstake them. Hence, this is where liquid staking serves as a great alternative.
Fantom Chain
Liquid staking allows users to mint a token, sFTMX, that represents their staked FTM assets and grows in value as staking rewards accrue. The token will have wide acceptance in Defi and hence allow users to participate in both securing the network via staking and pursue Defi. Stader X Fantom create convenient staking infrastructure to decentralize Fantom and help the community stake and manage FTM easily. sFTMX is a liquid token that you get when you stake your FTM with Stader. The sFTMX tokens are a representation of your staked FTM. With approximate 13.5%+ APY: sFTMx will deliver maximum staking rewards, typically reserved for 365 day lock-ins, while also allowing for instant liquidity on DEXs.
I had few wFTM. I need to unwrap for FTM before I can deposit in Staderlabs's Fantom Lending liquid staking Pools.
Polygon Chain
MATICX is a token that represents your share of the total MATIC pool deposited with Stader. As soon as you deposit MATIC on the Stader smart contract, you receive newly minted MATICX, based on the exchange rate at the time of staking. You will receive MATICX tokens equal to the amount of MATIC staked divided by the exchange rate. MaticX Liquidity Pools on Quickswap (live), Balancer (coming soon). MaticX yield farming on Beefy finance (live), Autofarm (coming soon). Stader doesn't levy any charge to users on Deposits/Staking. Stader will charge a protocol fee of 10% of the rewards added to the contract. I found out that MaticX-Matic Dystopia gives the best APY of 30% APY for adding liquidity.
NEAR Chain
Stader’s staking solution for Near is NearX, a liquid staking solution for Near. Stader lets users earn Near staking rewards and also enables users to participate in other Defi protocols using NearX while accruing rewards.Stader for Near gives you. As soon as you deposit Near on the Stader smart contract, you receive newly minted NearX, based on the exchange rate at the time of staking. Transaction fees on Near are pretty low (< 0.00001 NEAR). Stader doesn't levy any charge to users on Deposits/Staking.
1) NearX Liquidity Pools on: Ref Finance, Trisolaris,Jumbo Exchange,Tonic
2) NearX lending/borrowing on: Burrow, Bastion,Aurigami
3) NearX yield farming on: PinkPea Finance, BlueBit
I found out that that NearX-Near on Jumbo finance with $375k TVL gives 32% APY. Click on Add Liquidity button, it will take you directly to Jumbo Finance to add liquidity directly there.
BNB Chain
A BNB token holder connects their wallet on the Stader dApp and deposits tokens with our smart contract. They immediately receive the BNBx tokens representing their staked assets. As rewards for staking are added, the value of BNBx increases w.r.t BNB. BNBX is a liquid token that represents your share of the total BNB pool deposited with Stader. As soon as you deposit BNB on the Stader smart contract, you receive newly minted BNBX, based on the exchange rate at the time of staking. As the BNB rewards get added the value of BNBx increases (w.r.t BNB). At launch, the BNBx exchange rate is initialized to 1. When rewards are added to the pool, the BNBx:BNB exchange rate will increase. Minimum amount of BNB to stake is 0.01BNB for practicle reason. you can withdraw full BNB by unstaking all BNBx. You will be able to unstake your BNBx through the Stader Dapp from the unstake tab. It would take 7-15 days to process your unstake request, after which you can withdraw your BNB. Stader will be charging no fees(0% fees) for the first 2 months of launch. After the first 2 months, we'll be revaluating the charges and will be updating. I found out that BNBx-BNB on ellipsis finance provide 26% APY when provide liquidity and import that LP token into Beefy Finance to get full rewards of 26% APY.
Hedera Chain
HBARX is a Hedera Token Service (HTS) token that represents your share of the total HBAR pool deposited with Stader. As soon as you deposit HBAR on the Stader smart contract, you receive newly minted HBARX, based on the exchange rate at the time of staking. For Staking, the transaction fee is approximately $0.1011.We represent it in HBAR, to make it easier for users to check balances in wallets and in transaction explorer. For Unstaking and withdrawals transactions fee is approximately $0.1011. As with Polygon and Fantom chain, Stader doesn't levy any charge to users on Deposits/Staking
and Stader will charge a protocol fee of 10% of the rewards. With 32% APY on NearX and NEAR LP Pool is a great way to increase your NEAR stack if you are bullish on NEAR for long term.
To Stake HBAR with Staderlabs, You can use the following wallets:
1) Blade Wallet
2) Hashpack
In stader finance's HBAR there is fee of 3.1883 HBAR to stake HBAR to receive HBARX. In the Defi tab of Stader under HBAR chain, HBAR-HBARX liquidity providing in SaucerSwap you will get 29% APY. There is currently 5.5 million dollars of TVL. When I click on Add Liquidity button it directly takes me into SaucerSwap liquidity providing screen. Just deposit your amount there to earn 29% APY for holding HBAR tokens for the long term.
Avalanche and Solana Chains
Avalanche and Solana chains staking are in work as of shooting this video. Stader leverages liquidity across growing ecosystem of protocols such as Balancer - automated portfolio manager and trading platform. Quickswap- polygon layer 2 AMM. Beefy Finance the multichain yield optimizer. Meshswap AMM DEX protocol with leverage lend farm and stake. Liquid Driver - high yield liquidity mining Dapp. Beethoven X - Fantom based AMM fork of Balancer v2.
Risk and Rewards on Stader
Staderlabs code is audited by reputable code auditing services such as Halborn, Peckshield, and Certik, so risk of smart contract exploit is lot less.
Slashing risk: there exists a risk of one or more of the validators being slashed. Stader also automatically distributes staked assets across multiple validators and this minimizes slashing impact arising from the actions of any individual validator.
Wallet and downstream apps: Wallets and third party apps may have to be used to access staking, users should evaluate the security of the wallets and other third party apps independently.
Reward is 30% APY for holding Layer 1 and Layer 2 chain tokens such as Matic, Fantom, Near, BNB, Hedera, Avalaunche and Solana even during crypto down turn we are in now - of course when Stader is launched in Avalaunch and Solana chain soon.
If you enjoy this Stader Finance Defi on Polygon, Fantom, Near, BNB, Hedera, Terra, Avalaunche, Solana blockchain, please subscribe and hit the tip button show some love. Happy crypto!