Stader Labs Brings Liquid Staking to Fantom
We are thrilled to announce that the staking infrastructure platform Stader Labs will support Fantom.
In the coming months, this integration will enable Fantom users to unlock the value of their staked FTM through liquid staking and delegate to multiple validators with a single click.
Unlocking liquidity with liquid staking
Staking provides steady passive income while securing the network and allowing users to participate in on-chain governance. But staking also requires locking tokens for some time, making them unavailable for use on the Fantom ecosystem.
Using Stader Labs’ solutions, Fantom stakers will be able to collateralize their staked FTM to mint liquid staking tokens usable across the network.
This means, for example, that FTM holders will be able to stake and pursue DeFi opportunities simultaneously. After delegating their FTM, stakers can mint liquid staking tokens and use them as desired on Fantom DeFi.
On Fantom, Stader Labs will unlock the value of the 1.38 Billion FTM tokens currently staked on Fantom ‒ 52% of the circulating supply ‒ for use across the ecosystem.
Easier FTM delegations
Beyond this, Stader solutions also enhance delegation management: Fantom stakers will be able to quickly and easily spread their stake across several validators. Diversifying validators has clear security benefits, and with Stader, the process will be easier than ever.
Stader Labs is recognized as an innovative staking solutions provider in the blockchain industry. Users of the blockchain Terra have staked over 6 million LUNA tokens with Stader. The company has also been growing rapidly and recently reported over 1 million registrations ahead of the Stader SD token sale.
We’re looking forward to bringing the most convenient, safe way to access liquid staking and stake pools to the Fantom community. Delegators will be able to conveniently obtain and leverage liquid tokens on staked FTM across the wider Fantom ecosystem to maximize staking returns. Another benefit is our modular approach to building smart contracts, which will further enable the thriving Fantom developer ecosystem, so third parties can leverage our components to integrate staking solutions. ‒ Amit Gajjala, Stader Labs Co-Founder
Stader is among the most exciting platforms in the space, as it offers an incredibly simple avenue for crypto enthusiasts to put their assets to work. We believe that Stader will continue to generate value for users, and we could not be more excited to bring its capabilities to FTM holders. ‒ Michael Kong, Fantom CEO
About Stader Labs
Stader is a non-custodial, smart contract-based staking platform that helps retail and institutions conveniently discover and access staking solutions. In addition to its platform, Stader’s modular smart contracts and staking middleware infrastructure for Proof-of-Stake (PoS) networks can be leveraged for retail crypto users, exchanges, custodians, and mainstream FinTech players. Stader recently raised $12.5m in a strategic presale.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.