Stakin and Stader - Exclusive Validator Partnership

Nov 15, 2022 3 min read
Stakin and Stader - Exclusive Validator Partnership

Stakin is pleased to announce a unique and first-of-its-kind partnership with Stader.

Stakin is pleased to announce a unique and first-of-its-kind partnership with Stader, a smart contract-based liquid staking platform for multiple Proof-of-Stake networks including NEAR. With this partnership, users can get NearX by staking exclusively with Stakin on the Stader platform. NearX users and NEAR Stakin delegators can hence benefit from both liquid staking and the reliability of Stakin’s validator services on NEAR.

The process of locking up funds to earn rewards while still having access to the funds for additional yield farming opportunities is known as liquid staking. In liquid staking, users get access to a mirror token that represents their staked assets and that grows in value as staking rewards accumulate. The mirror token is widely accepted in DeFi, allowing users to participate in network security and maximize yield via staking and pursuing DeFi.

Stakin delegators can now utilize the liquid staking solution NearX while simultaneously being able to keep relying on Stakin’s proven uptime and secure infrastructure solutions. Furthermore, NearX offers delegators the possibility to keep $NEAR assets liquid and earn additional yield through the NEAR DeFi ecosystem (lending, AMM, leveraged farming etc.). Finally, it offers the possibility to stake with Stakin through the NEAR wallet and Metamask via the Aurora EVM sidechain as Stader runs on both native NEAR and Aurora EVM.

Stader NearX Dashboard

Stader’s liquid staking solution for NEAR is created to bring more convenience to the NEAR ecosystem. Therefore, it adds three elements to the NEAR staking solutions:

  • High-quality validator selection: Stader’s NearX has a high-quality validator pool based on detailed data-led performance evaluation and consistent performance monitoring.
  • Additional DeFi opportunities through protocol integrations: delegators who stake through the Stader platform on NEAR will have access to instant liquidity and a plethora of yield farming opportunities across DeX’s, lending/borrowing protocols, order book exchanges, etc.
  • Fund security: ensuring the security of our users’ funds is of utmost importance. Thus, Stader has undergone extensive audits. The liquid staking smart contract on NEAR is audited by Halborn and can be found here.

Stakin is thrilled to help the development of liquid staking solutions for NEAR. If you’d like to stake with Stakin while benefitting from Stader NearX liquid staking solutions, you can find the link here: https://near.staderlabs.com/lt/near?tab=Stake&utm_referral=Stakin

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 interests on their assets, and take part in decentralized governance while remaining in possession of their own cryptocurrencies.

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

For more information about Stakin, visit the Website, Twitter, Blog, or join the Telegram and Discord community.

About Stader

Stader is a next-gen staking protocol that was 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 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 goal of the project is to take staking from the DeFi sector and make it a mainstream activity for savers and those seeking to generate long-term wealth.

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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 or interacting with blockchain networks and smart contracts.

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