Staking on Hedera — Powered by Stader
Stader is on a mission to decentralize PoS networks through staking infrastructure that makes it easy for delegators to conveniently and…
Stader is on a mission to decentralize PoS networks through staking infrastructure that makes it easy for delegators to conveniently and safely stake their tokens. We outlined our vision for Stader, in our litepaper, as a multi-chain, multi-product platform for staking and we will soon bring staking to the Hedera ecosystem in partnership with with the HBAR foundation.
Our story so far
We started our journey on Terra in late November and what a ride it has been.
- We received great support from the community: reached $820mn+ in TVL within 10 weeks of launch, 30k+ users till date
- We closed a strategic investment round with some of the world’s biggest and best funds
- Most recently we did a public sale on CoinList with more than 1.2mn+ users registering for the sale — a new record for the platform
While the start has been great, our mission has just begun. We will soon be live on Hedera and many other platforms are coming up next.
Why Hedera?
Hedera’s unique approach to building a distributed ledger through a hashgraph and its innovative gossip based consensus mechanism makes it an important network in the evolution of distributed ledger technology (DLT). Additionally, the focus on fast transaction speed, minimizing energy usage and a wide range of applications places Hedera at the vanguard of pushing the adoption of DLT across multiple aspects of the economy
Why Staking on Hedera?
The vision for building staking on Hedera is not only to reward long term token holders but also to feed into the long term vision to decentralize Hedera as a public permissionless network. Staking will also enable and interact with other applications on the network and contribute to opening the doors for new DeFi applications to launch on Hedera
So What is Coming?
We are going to build Stader’s suite of staking products on Hedera which will be rolled out in a phased manner
- We will start with our liquid staking solution on HBar, providing token holders with staking yield without compromising on liquidity
- More products such as simplified staking, which gives token holders the option of investing in a basket of validators with one click, will follow soon.
As always with all our products Stader will follow the most stringent safety and security guidelines, including multiple contract audits from third parties.
Stader x HBAR Foundation
We are very excited to partner with the HBAR foundation in our efforts to build staking on Hedera. The foundation has been instrumental in helping us understand the network and the community. It is also playing a critical role in developing, integrating and marketing the Stader product on Hedera, including support through a development grant. We will continue to work with the foundation to bring staking to the Hedera ecosystem and product enhancements going forward.
We will soon come back with more details on the launch, including dates and rewards structure.
Follow us to stay updated: https://twitter.com/stader_hbar
About the HBAR Foundation
Founded in 2021, the HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, ESGs, gaming, and other sectors.
In addition to providing funding through a streamlined grant process, the HBAR Foundation acts as an integrated force multiplier through expert support across technical, marketing, business development and other operational functions that are required to scale.