The team at digital asset platform CoinList notes that they’re pleased to confirm that the registrations for the Stader token sale are currently open.
Stader offers smart contract infrastructure for staking, “helping users stake their assets conveniently and safely through its platform by building key staking middleware infrastructure for Proof-of-Stake networks.”
The update from CoinList further explained that Stader’s staking products “target multiple customer segments including retail crypto users, exchanges, custodians, and mainstream fintech players.”
The sale “begins on January 25, 18:00 UTC” and has two public options:
Option 1
- Supply: 3,000,000
- Price: $4.50
- Lockup & release: 40-day lockup followed by 20% release every month starting on or around March 8, 2022
Option 2
- Supply: 3,000,000
- Price: $3.33
- Lockup & release: 3-month lockup followed by 20% release every 2 months starting on or around April 25, 2022
Registration deadline: January 23, 23:59 UTC
Smart Contract Infrastructure for Staking
As noted in the update from CoinList, Stader is creating native smart contracts across multiple chains “including Terra, Solana, Ethereum, Fantom, Hedera, Polygon, and building an economic ecosystem to grow and develop solutions like yield redirection with rewards, liquid staking, launchpads, gaming, and more.”
Stader’s modular smart contracts are “built so that third parties can leverage their components and make custom solutions,” the announcement explained.
According to CoinList, here are few reasons they’re excited about Stader:
- Growing network participation – Stader has introduced two staking products on Terra: “Simplified staking (Stake Pools) and Liquid staking (LunaX). Since launching on November 23, 2021, these solutions have built significant traction in Terra’s DeFi ecosystem”:
- 14,000+ unique wallets staking
- ~5.5 M Luna Staked
- ~1.1 M Luna on LunaX <> Luna LP
- 35,000+ strong community
- Flexible Architecture – As staking tech continues to evolve, the Stader architecture “allows flexibility to grow and incorporate new features.” Extensibility is “woven into Stader’s technical blueprint, with a system of highly-interactive smart contracts.” Incorporating a new strategy or product features “would require minor changes in a specific independent contract.”
- SD Token Utility – The SD token has several core utilities “across the Stader ecosystem, including preferential delegations, slashing insurance, rewards and discounts, governance, and development access to Stader infrastructure.”
For more details on this update and registration information, click here.
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