Stader closes $23M token sale, 10.56% APR on LUNA staking

After raising $23 million from 40,000 wallets from its CoinList token sale, cross-chain staking startup Stader Labs brought the total raised from public and private sales to $40 million, Invezz learned from a press release. The level of interest from institutional and retail investors is a sign of wide community support of Stader’s staking innovations.

One-click and decentralized staking and other innovations   

These innovations include one-click staking, which makes staking across up to 10 validators simple. The goal is to reduce network centralization. Decentralized liquid staking improves DeFi yield. In addition, there are staking rewards for entertainment, staking platforms for institutions, and all-in-one APIs that streamline staking for exchanges.

These innovations will provide better financial opportunities, improve PoS network security, and onboard the next billion users into staking.

High rewards on LUNA staking, FTM and SOL staking coming up

Currently, you can stake Terra’s token (LUNA/USD) with APR of 10.56%. Fantom (FTM/USD) and Solana (SOL/USD) staking is coming soon. Stader boasts an impressive list of strategic investors, such as Three Arrows Capital, Blockchain.com, Pantera, Coinbase Ventures, and Ledger Prime.

The platform’s partners also include Solana Foundation and Terraform Labs.   

Amit Gajjala, CEO and cofounder of Stader Labs, said:

We’re humbled at the support from our community, who believe in our mission of on-boarding the next billion users to staking. The team is already working to support every L1 PoS network and to expand our products to best serve both retail and institutional investors.

Highly modular approach  

Stader is building the key staking middleware infrastructure layer for multiple PoS networks that will power the above staking-related opportunities while solving the key challenges. They are taking an extremely modular approach to building contracts so third parties can leverage their components to build several staking solutions on top.

Staking smart contracts on multiple chains

Stader is working to develop native staking smart contracts on Terra, Solana, and other blockchains. The economic ecosystem they are creating will help develop farming and gaming with rewards, launchpads, and liquid staking solutions.

In the long term, Stader wants to support third parties in developing staking-related applications on top of its infrastructure. The platform makes sure the best-in-class validators in the ecosystem are used for staking.

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