Stakin Joins Stader ETHx as PowerUp Partners

Stader Labs

Ethereum

May 25, 2023

2 min read

Stakin Joins Stader ETHx as PowerUp Partners

Stakin is thrilled to announce its partnership with Stader Labs as an ETHx PowerUp Partner, joining the Permissioned Node Operator set. This means that stakers can now earn ETHx by staking through the Stader platform, benefiting from both liquid staking and the reliability of Stakin's validator services on Ethereum.

Liquid staking refers to locking up funds to earn rewards while retaining access to those funds for additional yield farming opportunities. Participants in liquid staking receive a mirror token that represents their staked assets. This token increases in value as staking rewards accumulate. Widely recognized in the DeFi space, the mirror token allows users to contribute to network security while maximizing returns through staking and pursuing DeFi opportunities.

Over the last months, Stakin has been involved in the ETHx Beta Node Operations and closely collaborating with the Stader Labs team to provide valuable feedback during the set-up process. This collaboration ensures that ETHx delivers a distinctive value proposition to users and node operators. Additionally, we have actively supported and thoroughly tested the flow for Permissionless flow and Permissioned NO flow, demonstrating our commitment to enhancing the platform's functionality.

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We are excited to continue supporting the development of liquid staking solutions for Ethereum through Stader's ETHx. Our longstanding partnership with Stader has proven successful in various projects such as Polygon, Terra, and NEAR. The introduction of ETHx marks a significant milestone in our ongoing commitment to enhancing the Ethereum ecosystem, promoting decentralization, and providing unwavering support to the community.

About Stakin

Stakin is an infrastructure operator for Proof-of-Stake (PoS) blockchains offering secure, reliable, and non-custodial staking services. The company enables cryptocurrency holders to earn interest on their assets and participate in decentralized governance while remaining in possession of their own cryptocurrencies.

Stakin serves institutional crypto players, foundations, custodians, exchanges, and a large community of individual token holders. Driven by demand from institutional customers and the community, Stakin provides services for various networks, including leading ecosystems such as Ethereum, Cosmos, Solana, NEAR, Polygon, Polkadot, and more.

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About Stader

Stader is a next-gen staking protocol built to make staking easy for everyone. The network currently has over 50k users in countries around the globe. The platform recently expanded its efforts to include a host of popular blockchains, including Ethereum, Hedera, Polygon, Fantom, Near, Binance, Terra 2.0, and Terra Classic.

Stader (SD) operates as a chain-agnostic smart staking ecosystem. The protocol enables users to unlock liquidity while earning DeFi rewards via Liquidity mining protocols. The project aims to take staking from the DeFi sector and make it a mainstream activity for savers and those seeking to generate long-term wealth.

DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

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