Stader Labs Announces $2M ARR and Launches New Vaults

馃殌 $2M and counting

By Stader(SD)
Oct 17, 2024, 6:58 PM
twitter
News article
Photo by Stader(SD)

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.​

Sources
Read more about Stader(SD)

Stader Labs Reiterates Commitment to Security

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.

DeFiStaking