Stader Labs Announces $2M ARR and Launches New Vaults
Stader Labs Announces $2M ARR and Launches New Vaults
馃殌 $2M and counting
Stader Labs reported $2M Annual Recurring Revenue as of September 2024, demonstrating growth across their Liquid Staking Tokens (LSTs). Key updates include:
- ETHx Hyperloop vault launch on Enzyme Finance, targeting 5.5-6.5x staking rewards boost
- ETHx and MaticX 5x and 10x Smart Loop Strategy vaults on VaultCraft
- MaticX leveraged loop strategies offering up to 14% boosted staking rewards
- BNBx-BNB Concentrated Liquidity Pool by ThenaFi listed on Rivo
- HBARx pre-season points distribution by Bonzo Finance
Stader continues to focus on sustainable development and expanding its ecosystem.
Exciting times in October starting with the latest Stader鈥檚 monthly update! 馃殌 Get the scoop on the hottest updates in the Stader ecosystem. Ready? Let鈥檚 dive in. 馃У馃憞
Stader Labs Completes Third $SD Token Buyback
Stader Labs has completed its third $SD token buyback, purchasing 127,976 tokens from open markets. This follows a previous December buyback of $63.5k worth of $SD tokens. The buyback transaction can be verified at address: `0xefe40ff167a89ce3babdad161d41d798ca7116b2` These strategic buybacks aim to enhance $SD tokenomics and promote sustainability. For detailed analysis of the buyback strategy, visit [Stader's blog post](https://blog.staderlabs.com/the-power-of-buybacks-transforming-sd-tokenomics-7436dab8ea75).
Stader Labs Reiterates Commitment to Security
Stader Labs emphasizes its security-first approach in building Liquid Staking Tokens (LSTs) on PoS blockchains. Key security measures include: - Regular code reviews and testing by in-house engineers - Frequent audits by top cybersecurity firms - Bug bounties up to $1M on Immunefi - Continuous on-chain monitoring using Forta Network - Slashing insurance and fund loss protection - Node operator diversity for ETHx users Stader's LSTs, governance token, and SD Utility Pool have been audited by firms like Halborn Security, PeckShield, and Quantstamp. For more details on Stader's security practices, visit their documentation.