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Singapore, Singapore, 13th December, 2022, Chainwire
Stader Labs, a leading multi-chain liquid staking protocol, has announced that it is launching its liquid staking solution, ETHx for Ethereum. This week, Stader Labs published its vision for Ethereum which sheds light on what to expect.
Firstly, a glance at the state of Ethereum staking today shows that liquid staking has emerged as the most popular way (33% of all staked eth) for users to stake Ethereum, followed by CEXs (29%). And within the liquid staking ecosystem, there’s a dominant protocol, Lido, that has a market share of ~90%. Additionally, the problem is only made worse by Lido’s model of working with a limited set of ~30 permissioned node operators. And, across Lido and the top 2 CEXs in Coinbase & Kraken, over 50% of all staked Eth flows through just these 3 entities. This clearly highlights the need for more robust alternatives.
Stader’s vision on Ethereum is to deliver a liquid staking product that can find the right balance of being user backward (think great UX, staking yield, Defi integrations), scalable (can support user demand), and a force for decentralization.Stader’s approach to delivering this vision will be 3-fold:
Speaking on the eve of the launch announcement, Amitej Gajjala, Co-founder and CEO, Stader Labs said:
“In line with our vision to bring staking to 1 bn users, we are happy to bring our well-loved liquid staking solution to Ethereum and add to the liquid staking diversity on ETH. Our focus will be on delivering a solution that users love, think highest staking yield, and fantastic Defi
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