Got 4 ETH? You can stake your ether with Stader

ETHx/ETH pools will be available on Curve, Uniswap and Balancer at launch

article-image

3d_illustrator/Shutterstock modified by Blockworks

share

Stader Labs, a Panama based multi-chain liquid staking protocol, is set to launch its liquid staking services on Ethereum.

Users will now be able to mint ETHx, Stader’s liquid staking token, and use it to participate in Ethereum’s DeFi ecosystem.

At launch, ETHx/ETH pools will be available on Curve, Uniswap and Balancer, with more functionality to arrive in the following months, the company noted in a press release reviewed by Blockworks.

With the exception of Rocketpool’s 8 ETH bonded mini pools, which enable users to operate a node with just 8 ETH, most native Ethereum staking protocols require users to lock up at least 32 ETH to run a node and participate in network security. 

Stader has lowered this amount even more, allowing industry participants to contribute to securing the Ethereum network with just 4 ETH. 

To ensure that new node operations can easily be onboarded, the protocol has also partnered with hosting platform Allnodes and hardware provider Avado. This collaboration aims to minimize the costs associated with operating a node.

The company will also be setting a limit of 22% share on all staked ETH. This decision is made to prevent centralization of staking, Amitej Gajjala, the CEO and cofounder of Stader Labs explained. Noting that Lido, the most predominant liquid staking protocol, holds over 90% of the entire market share.

“To help alleviate these challenges and maintain our pledge to keep Ethereum decentralized, Stader has imposed a self-limit of 22% share of all staked ETH  to mitigate centralization and promote a fair and balanced distribution of power among Ethereum staking solutions,” Gajjala said in a statement.

Following the Shapella upgrade which enabled withdrawals on Ethereum, staking ETH has risen in popularity. Recently, the network reached a new milestone, where over 23.5 million ETH has been deposited for staking.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Polygon Call Template (2).png

Research

A significant portion of the call was dedicated to discussing the proposed ZK-PoS Phase 1, which aims to connect Polygon PoS to the AggLayer using a ZK proof of consensus, in addition to a pessimistic proof. This upgrade is intended to generalize how chains settle while protecting chain health and asset integrity. The implementation will involve deploying new contracts for the LxLy unified bridge for token mapping and migrating existing tokens from the PoS portal to the new deployment.

article-image

It may be counterintuitive that a high amount of focus on a technology would lead to security risks — but it’s true

article-image

Structured products are common in traditional finance, but onchain options are scant

article-image

Plus, an update on the ether ETF front and an overview of this week’s economic calendar

article-image

Plus, Solana fell roughly 12% on the week, and for some memecoins the drawdown was even more aggressive

article-image

Mark Wong is currently seeing some profit-taking from early bitcoin adopters, but he also sees buying interest from institutions

article-image

Bitcoin has been in a bull market for 19 months. If March wasn’t the top, that is.