Stader Labs Liquid Staking on Fantom Network

Published on: 11.02.2022

Using Stader Labs’ solutions, Fantom stakers will be able to collateralize their staked FTM to mint liquid staking tokens usable across the network.

This means, for example, that FTM holders will be able to stake and pursue DeFi opportunities simultaneously. After delegating their FTM, stakers can mint liquid staking tokens and use them as desired on Fantom DeFi.

On Fantom, Stader Labs will unlock the value of the 1.38 Billion FTM tokens currently staked on Fantom ‒ 52% of the circulating supply ‒ for use across the ecosystem.

Stader Labs

Stader is a non-custodial, smart contract-based staking platform that helps retail and institutions conveniently discover and access staking solutions. In addition to its platform, Stader’s modular smart contracts and staking middleware infrastructure for Proof-of-Stake (PoS) networks can be leveraged for retail crypto users, exchanges, custodians, and mainstream FinTech players. Stader recently raised $12.5m in a strategic presale.

Fantom

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.