Singapore, Singapore , 10/11/2022 / SubmitMyPR /
Stader Labs is a multi-chain liquid staking solution with a vision to empower 1B+ users to earn passive income through their staking infrastructure. After launching on former Terra in November 2021, Stader reached over $1bn in TVL with ~35000 wallets staking with it during its peak. The start-up then made the strategic decision to diversify into other Layer 1 blockchains as well. As of today, the protocol is present on 6 major blockchains (Hedera, Polygon, Bnb, NEAR, Fantom, Terra 2.0) with over $150M in TVL and over 70,000 wallets deployed with it.
Last month, on September 16th, Stader launched its updated NearX on the NEAR blockchain. The updated NearX comes with a top-notch multi-layered security program including:
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Three full audits by leading cybersecurity firms – Halbborn, block sec and Osec
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error premium in partnership with Immunefi with up to $1M in awards
- Working with Prometheus, the premium monitoring and alerting system, to make it possible
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Tracking all relevant metrics for $NearX via Stader Dapp and Dex’s
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Instant notifications to developer Slack channels for faster responsiveness
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Improved internal testing with additional unit and integration tests
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Smart contract upgrades like multi-sig LED pause feature to protect user funds in emergency situations
NearX has received an overwhelming response from the Near community and is currently at ~$6.5M TVL with an increased staking APY of ~25% (roughly 2.5x the return of native staking). NearX is currently live with a NearX<>Near LP on REF and Jumbo. NearX is also live on two order book Dex’s – Tonic (NearX<>Near pair) and Spin (NearX<>USDC pair). In the coming weeks there will also be the NearX<>Near LP on Trisolaris; NearX is listed as collateral for Burrow and NearX integration with Fluxus Finance in the NEAR protocol. It will soon also be available from Oin Finance.
Some interesting updates to these integrations are as follows:
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That…
