CDS Crypto News Liquid Staking Platform Stader Labs Ether Staking Product Announced
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Liquid Staking Platform Stader Labs Ether Staking Product Announced

Liquid staking platform Stader Labs has launched its new Ether staking product.

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Liquid Staking Platform Stader Labs Ether Staking Product Announced

With a solution that it claims offers the highest payout on Ether staking in comparison to other protocols, the non-custodial multi-chain liquid staking platform Stader Labs has this week expanded to Ethereum.

Liquid Staking Platform Stader Labs Ether Staking Product Announced

Stader claimed that it would allow node operators to sustain the network with just 4 ETH, or an 85% smaller capital commitment, as opposed to native Ethereum staking, which mandates that holders lock up a minimum of 32 ETH. The platform issues an ETHx token, which can be used to represent the whole stake on a 4 Ether bond. Liquid stakers provide the remaining 28 Ether.

ETH Yields Can Now Be Enhanced

With the 50% incentive boost that Stader is giving its consumers, the reward rate is now over 6%. Using Stader’s service, node operators can increase the yields on their staked ETH by up to 35% with 8x leverage.

Stader Seeks to Address Centralization

As of Thursday, popular staking platforms like Lido and RocketPool had a combined $15.5 billion worth of Ether, with payouts varying from 3% to 4%. However, several developers have criticized the widespread use of these protocols, particularly in relation to centralization, which Stader is attempting to remedy.

While the Ethereum staking ecosystem is already mature and features multiple protocols and services, it’s somewhat centralized today as the top three entities have more than 50% ETH staked on them while the predominant liquid staking protocol has roughly 90% market share,

Amitej Gajjala, CEO At Stader Labs
Liquid Staking Platform Stader Labs Ether Staking Product Announced
Sources:coindesk
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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