Cross-Chain Staking Platform Stader Labs Closes CoinList Sale, Securing $23M from 40,000 Wallets

Cross-chain staking platform Stader Labs has reportedly finalized its CoinList sale, securing $23 million from 40,000 digital wallets. This brings the total acquired by the firm to $40 million from public and private sales.

As noted in an update shared with CI, the level of interest from retail and institutional investors is a “signal for broad-based community support of Stader’s staking innovations,” such as:

  • “one-click staking” simplifies the process for token holders to stake across up to 10 validators to diversify stake and reduce network centralization
  • decentralized liquid staking to augment DeFi yields
  • staking rewards for entertainment
  • all-in-one APIs that streamline staking for exchanges
  • staking platforms for institutions

CEO Amit Gajjala stated:

“We’re humbled at the support from our community, who believe in our mission of on-boarding the next billion users to staking. The team is already working to support every L1 PoS network and to expand our products to best serve both retail and institutional investors.”

Stader Labs is “on a mission to bring sustainable staking yields from digital assets to 1Bn+ users.”

Stader aims to be “the distribution layer of staking while building protocols and products which enhance the security, decentralization, liquidity, governance of some of the major DPoS blockchain networks like Ethereum, Terra, Polygon and Solana.”

As covered last month, digital asset firm CoinList had announced that the Nym Token Sale on their platform had added over 51,000 new token holders to the Nym community and network, with more than $30 million in NYM tokens purchased “throughout the course of the sale.”

The event drew “record demand” on CoinList, “with 1.19M unique registrants in the shortest registration period of any sale to-date — 5 days.”

The update further revealed that the Nym community “demonstrated strong interest and commitment to the project, and the Nym team looks forward to successfully distributing tokens to the community.”

Clients are now able to use the platform’s native NYM tokens “to access the Nym mixnet, as well as run mix nodes within Nym’s decentralized privacy ecosystem.” Nym’s open-source mixnet tech provides developers with a secure platform “for building applications that keep metadata anonymous, both in network traffic and at the application level itself.”

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