The Stader X Hundred Finance Opportunity
In line with our objective to bring the next 1B+ users to staking, we continue to expand our multi-chain presence and constantly work to…
In line with our objective to bring the next 1B+ users to staking, we continue to expand our multi-chain presence and constantly work to increase the utility of our liquid staking tokens through DeFi partnerships.
Lending protocols are a key pillar of DeFi possibilities with liquid staked assets and we are currently working to list our MaticX and sFTMX tokens on Hundred Finance, a multi-chain lending protocol. Hundred Finance is present on 7 chains with over $4.5M in TVL on Polygon and $5.8M on Fantom.
You can read more about the proposal and the ongoing votes here (Note: You will need veHND to participate in the snapshot vote):
Vote for MaticX here
Vote for sFTMX here
Here’s a quick recap of our liquid staking tokens — MaticX (Polygon) and sFTMX (Fantom) and why they make for a great addition to Hundred Finance.
MaticX and sFTMX
MaticX and sFTMX are liquid staking tokens issued by Stader on Polygon and Fantom respectively. They are ERC20 tokens that represent the native tokens (Matic, FTM) staked with us.
The tokens increase in price as they accrue staking rewards and these rewards get compounded. Thus the exchange rate with respect to the native token keeps growing over time.
Safety and security are paramount for us and the MaticX, sFTMX smart contracts have been audited.
Here are the links to the Audit Reports:
sFTMX: Halborn , Peckshield
MaticX: Halborn , Immunebytes
DeFi Opportunities
Both MaticX and sFTMX have diverse DeFi opportunities spanning liquidity pools at leading DEXes on Polygon and Fantom, yield optimizers, leverage yield farming and lending.
MaticX DeFi Opportunities: Liquidity Pools (including leverage yield farming) at $10.3M on Balancer, Quickswap and Meshswap, Lending opportunities on Market XYZ and Meshswap and yield opportunities on Beefy Finance, Autofarm and Harvest finance.
sFTMX DeFi Partnerships: Liquidity Pools at $4.5M on Beethoven X, Spookyswap, Spiritswap, Lending on Tarot, Market XYZ, Creditum, Spiritswap lending network and yield opportunities on Liquid driver, Reaper farm, Beefy finance & Moonpot.
Listing on Hundred Finance
Utilizing MaticX and sFTMX as collateral can open up multiple Defi opportunities including leveraged staking with liquid tokens — one of the most popular collaterals across Defi!
Combined with the ability to be unstaked with Stader to get the native tokens Matic, FTM or get instant liquidity through liquidity pools, MaticX and sFTMX make a great addition to Hundred Finance.
Vote for MaticX here
Vote for sFTMX here
About Stader
Stader is a staking infrastructure provider with offerings across multiple blockchains (Fantom, Polygon, Hedera and Terra 2.0). Our objective is to bring staking to the next 1 Billion+ users by making it safe and convenient. We are well capitalized having raised $30M+ from top tier investors such as Pantera, Accel, Coinbase Ventures etc as well as raising from the community through one of the largest fund raises on CoinList. Our current TVL is over $50M. We started their journey on Terra around a year ago and managed ~1 bn $ TVL at our peak, prior to the unfortunate events on Terra.