Stader DAO is sunsetting BNBx, our liquid staking token on BNB Chain, as part of a broader effort to focus resources on ecosystems where our impact and growth potential are already proven. While BNBx successfully provided a secure staking option, the current market environment favours consolidation, making this the ideal time to wind down operations and refocus resources.

Why BNBx Is Being Sunset

Maintaining a secure, high-uptime LST requires significant technical oversight and continuous integration work, which is hard to justify at the current scale, especially when viewed from the org perspective (BNBx represents ~2% of the Stader TVL). Here are the broad factors taken into consideration

• Operational costs around maintaining the smart contracts, delivering upgrades, managing security audits, oracle maintenance, external monitoring, etc.
  
  
• Risk Mitigation: Each supported chain introduces unique smart contract and infrastructural risks, and by sunsetting the lower-volume LSTs, we reduce the surface area for potential technical vulnerabilities and the broader downstream ecosystem risks when these LSTs are used as collateral.  
  
  
• Consolidation of the BNB DeFi Market: The BNB Chain ecosystem has reached a stage of maturity where liquidity is naturally gravitating toward a few primary protocols, which will make it increasingly harder for smaller-cap protocols to survive by the sheer nature of the industry’s unit economics

When synthesised, these factors indicate that sunsetting is the most prudent and conservative path forward. Given the current trajectory of the DeFi ecosystem, which continues to lean heavily toward Ethereum-centric scaling, the operational risks and resource demands of maintaining BNBx far outweigh the potential rewards. Even under the most optimistic future scenarios, the opportunity cost remains too high, and our focus is better served by reinforcing our offerings in the ecosystems where Stader’s impact and growth potential are already proven.

Why Now, And What’s Next

Stader remains committed to being a Security-First protocol. Sunsetting the product now while market conditions are relatively stable is a proactive measure to ensure all holders can exit smoothly. We would be able to facilitate a controlled redemption process which ensures every user can reclaim their native BNB at the full accrued exchange rate hassle-free

Here’s a detailed timeline of the process and the various actions users can take

Sunset Timeline

• 29th January ‘26 – Deposits disabled:
  
  New BNBx minting/deposits will be disabled as we kickstart the process
  
  
• 29th January ‘26 to 11th February ‘26 – Initial redemption window
  
  The current unstaking portal will remain open for a couple of weeks, allowing BNBx holders to unstake as usual.
  
  Redemptions will follow the standard 5–7 day unbonding period on BNB Chain before BNB becomes claimable.  
  
  
• 11th February ‘26 to 3rd March ‘26 – Contract Pause and Validator Exit:
  
  Post 11th February ‘26, all the BNB will be withdrawn from the validators (at which point the exchange rate freezes and will be final), and all unstakes will be instantaneous.  
  
  But the process to withdraw at such a scale would take 2-3 weeks and requires a contract freeze to do so, post which the instant withdrawal would kick in
  
  
• 3rd March ‘26 to 15th April ‘26 – Subsequent redemptions:
  
  The unstake UI will be active again on 3rd March ‘26 to allow users to withdraw BNB at the final exchange rate
  
  It will remain active till 15th April ‘26, post which the UI will be taken down but users can always withdraw via the contract.
  
  A detailed withdrawal guide will be provided to help users with this 3-step process, which will be active for the foreseeable future

What BNBx Holders Should Do

• During the initial window (till 11th February), use the usual unstaking portal if you prefer the standard flow and are comfortable with the 5–7-day queue.
  
  
• Or you can wait till 3rd March and access instant redemptions for a 6-week period.  
  
  
• If you missed these, you can always withdraw anytime via the contract following the withdrawal guide which will be provided before 15th April.
  
  

To reiterate, a user-friendly wind-down is the utmost priority, and we will ensure all BNBx holders can exit smoothly at the fully accrued rate. As always, feel free to reach out for anything

The memecoin market is wild. With TRUMP memecoin ATH at $15B MCap on Solana, driving the monthly DEX volume on Solana to more than $200B for the very first time, memecoins have shown immense potential. But the landscape has been chaotic — rife with rugs, cognitive overload, and fragmented tools, making it daunting even for seasoned traders.

Cabbage, Stader Labs’ bold foray into speculative trading. Designed to be an AI-powered, gamified platform, Cabbage aims to cut through the noise, simplify discovery, and make memecoin trading smarter, more informed, and enjoyable for everyone. From identifying top opportunities to streamlining transactions, it’s all about empowering users to trade smarter, not harder.

Why build Cabbage?

At Stader Labs, we’ve built a reputation for crafting reliable DeFi solutions with over $700M+ in TVL and a community of 155k+ users. While staking remains our core, we’ve seen the memecoin ecosystem explode with interest, liquidity, and trading volume. However, the challenges traders face — from the highest of risks to decision fatigue — are glaring.

Cabbage steps in to solve these inefficiencies, offering selective features to improve the decision-making and execution of a trader.

But that’s just the beginning. Let’s dive into Cabbage’s roadmap and see how it’s set to revolutionize speculative trading.

The Cabbage Roadmap

Cabbage’s journey is meticulously planned, starting with memecoins and scaling to broader speculative asset classes. With every phase Cabbage is set to be implementing feedback based on User feedback reports and feature requests. Here’s a look at what’s ahead:

Phase 0: Alpha Launch (February 2025)

The alpha version launches with limited exclusive access. This initial phase introduces:

• Cabbage AI Opportunity Feed: AI-curated feed based on smart money movements.
• Token Details Page: Where users can dive deeper into different aspects of the token
• Smart Money Watch: Insights into Smart Money Analytics and where users with consistently high win rates and multiples are moving.
• Optimized Trading: Trading live with optimized slippage and transaction finalization

This phase sets the foundation for user feedback and rapid iteration.

Phase 1: Full Platform Launch (Q1 2025)

In the first quarter of 2025, Cabbage will expand access with an open launch with the following features:

• Zap Trading: An in-house trading engine with features like zap buys, copy trades, TP and SL
• Rewarding Referrals + Token Referrals: Users can use their referrals to make a referral commission on every trade from their friends. Users also make referral revenue every time anybody trades using a token link they share, irrespective of whether that is an old user or a new user
• AI Agent Feed: With AI becoming a significant part of the memecoin ecosystem and its ability to parse immense amounts of data and make sense out of it, this feed will be an expert analyst sharing potential ape opportunities as consolidated across numerous trusted AI agents
• Safety Checks: A comprehensive risk analysis tool performing assessments and flagging rugs and insider risks
• A fully-featured platform designed to cater to both degens and cautious traders alike.

Phase 2: More AI integrations, expansion to other chains & gamification (Q1 2025)

Cabbage’s second phase focuses on personalization and engagement:

• Advanced Opportunity Feed: More parameters integrated into the feed, including social sentiment, AI sentiment and complete on-chain analysis
• Cabbage Score: An AI-curated score for all the memecoins based on smart money movements, social sentiment check and risk analysis
• Crowd Pulse: AI-generated summary based on social sentiment analysis from platforms like Twitter and Telegram.
• Expansion to Other Chains: Support of all the features will be extended to other chains like Base, Bera and SUI
• Gamification Features: Trading streak rewards, gacha boxes, and leaderboards to make the platform more rewarding for users

Phase 3: Ecosystem Expansion (Q2 2025)

Expanding beyond memecoins, Cabbage will launch:

• iOS and Android Apps for mobile trading, with fiat integrations via Apple Pay and Google Pay.
• Broader support for speculative asset classes, making it the ultimate platform for diverse trading needs.

Phase 4: Market Leadership (Q3 2025 & Beyond)

By late 2025, Cabbage aims to dominate the speculative trading market by:

• Becoming the go-to platform for speculative assets across memecoins, AI coins, and blue-chip cryptos.

Why Cabbage will stand out?

The journey isn’t just about building a tool; it’s about redefining how speculative trading works. Here’s why Cabbage will shine:

1. AI-Driven Simplicity: From the Cabbage Score to curated feeds, users get actionable insights reducing the need for guesswork.
2. One-stop Shop: Consolidating discovery, analytics, and trading into a single platform.
3. Safety First: Automated risk assessments to reduce the chances of scams and rugs, promoting a safer trading experience.
4. Gamified Engagement: Rewarding user activity with streaks, badges, and exclusive perks.
5. Community-centric Approach: Early access, NFT perks, and revenue-sharing programs for partners and users through referrals

Revenue potential

Cabbage is not just a tool for traders but a significant revenue driver for Stader Labs. By capturing 5% of the $70B monthly DEX trading volume, the platform projects an annual revenue of $420M in its first year. Revenue streams include:

• Trading Fees: A flat 1% fee on transactions.
• Subscription Revenue: Access to advanced features based on a subscription.

Building the future of trading together

Cabbage isn’t just a platform; it’s a movement to make speculative trading smarter, safer, and more accessible. From its alpha launch to its evolution as a market leader, every step of the roadmap is designed to simplify trading for users while driving innovation and growth in the memecoin ecosystem.

Whether you’re a seasoned degen or a cautious newcomer, Cabbage is positioned to be your ultimate sidekick in the chaotic world of memecoins — and beyond. Stay tuned as we roll out more sneak peeks. Together, let’s make trading smarter, not harder.

Want to be part of the revolution? Follow us on Twitter and sign up for early access at cabbage.app.

LSTs are transforming how users interact with staking and DeFi. At Stader Labs, we aim to make staking secure, accessible, and rewarding while empowering users to unlock liquidity for greater opportunities. With over $700M+ in TVL and a growing global community of 155K+ users, our focus is on creating seamless staking solutions across multiple blockchain networks. Our journey is defined by four powerful LSTs — ETHx, MaticX, BNBx, and HBARx — which are designed to bring flexibility and innovation to the staking ecosystem.

Understanding Liquid Staking Tokens (LSTs)

LSTs are derivatives issued to users when they stake their assets with Stader. These tokens represent the staked assets and accrue staking rewards over time. The primary advantage of LSTs is that they allow users to retain liquidity, enabling participation in various DeFi activities without waiting for unstaking periods.

Stader’s Multi-Chain LST Solutions

Stader has clocked a TVL of over $700 million, reflecting the trust and confidence of our growing user base. The Stader community expanding to over 150,000 members, demonstrates our goals to focus on widespread adoption across top PoS blockchains.

With more than 50 DeFi integrations, Stader enables its users to maximize their staking rewards through various DeFi opportunities. Additionally, with support for multiple wallets, including Ledger, Safepal, Metamask and OKX Web3 Wallet, we ensure a seamless, accessible and user-friendly staking experience.

Moreover, our commitment to decentralization is evident in our efforts to onboard new validators and node operators, enhancing the security and resilience of the networks we support.

These collectively underscore our dedication to providing our users with a robust and versatile staking ecosystem.

Ethereum: ETHx

ETHx is designed to provide ETH stakers with liquidity and enhanced yield opportunities while unlocking juicy rewards.

• Decentralized and Capital efficient: ETHx caters to DeFi users of all demographics. ETHx has both permissioned and permissionless node operator pools to balance scalability and decentralization while reducing the capital required to operate validators by 85%.
• Security & Reliability: Powered by audited smart contracts and Stader’s expertise, ETHx ensures a secure staking experience.

DeFi Integrations: ETHx is integrated with top DeFi platforms like Aave, Balancer, Curve, Pendle etc. offering users opportunities up to 60% rewards

• Liquidity Provision: Users can provide liquidity on DEXes like Uniswap and Pancakeswap or liquidity pools on Balancer or Curve by pairing ETHx with other tokens, earning fees from trading activities.
• Lending and Borrowing: Aave allows users to lend their ETHx on some interest or use it as collateral to borrow other assets. Multiple vaults powered by Aave like on Enzyme and VaultCraft provide leveraged loop staking strategies for users to grow their staking rewards.
• Yield Optimization: Protocols like Pendle enable users to maximize returns by leveraging future yield opportunities associated with ETHx.
• Restaking meta: ETHx can be restaked with EigenLayer, Karak & Symbiotic to secure web3 protocols while rewarding restakers with juicy rewards.

Wallet integrations: Staking with ETHx is available on top wallets like Ledger & OKX Wallet.

BNB Chain: BNBx

BNBx caters to Binance Smart Chain users, combining staking rewards with DeFi participation. Users can pair BNBx in liquidity pools on platforms like Thena and PancakeSwap for additional rewards.

• Seamless User Experience: Stake and earn with just a few clicks, supported by leading wallets like SafePal.

DeFi Integrations:

• Liquidity Pools: Users can add BNBx to pools on DEXs like PancakeSwap, Thena, Wombat & Ellipsis earning fees and farming rewards.
• Lending Protocols: Platforms such as Venus allow BNBx holders to lend their tokens for interest or use them as collateral for borrowing. Vaults like Beefy help users grow their staking rewards with juicy leveraged loop strategies

Polygon: MaticX

MATICx is Stader’s liquid staking token for Polygon network participants, offering flexibility and additional earning avenues.

• Most Trusted LST on Polygon: MaticX boasts the highest TVL among Polygon LSTs, reflecting user trust and adoption.
• POL staking: Stader is currently working on bringing POL staking to stakers on the Polygon Network. Users would soon be able to stake their POL and get juicy rewards while retaining the ability to participate in DeFi.

DeFi Opportunities:

• Automated Market Makers (AMMs): Users can supply MaticX to liquidity pools on platforms like Balancer, QuickSwap, Retro and Uniswap and earning a share of the trading fees and some extra rewards
• Lending Platforms: Aave accepts MaticX for lending and borrowing markets on Polygon network, allowing users to earn interest or obtain loans against their staked assets.
• Yield Farming: Yield optimizers like Beefy Finance offer auto-compounding vaults for MaticX, enhancing rewards through automated strategies.

Integrated Across Wallets: Available on leading wallets for secure and easy staking like Ledger, Metamask, Safepal and OKX Wallet.

Hedera: HBARX

HBARX is Stader’s liquid staking solution for Hedera network participants, facilitating staking rewards with rewarding DeFi opportunities.

DeFi Integrations:

• Decentralized Exchanges: Users can utilize HBARx on platforms like SaucerSwap, providing liquidity and earning transaction fees.

As the Hedera DeFi landscape evolves, HBARx is positioned to become a central asset for various DeFi tools.

Why Choose Stader’s LSTs?

1. Security First
Stader employs rigorous security measures, including audited smart contracts and bug bounty programs, to ensure the safety of user funds.

2. Seamless DeFi Integration
Stader’s LSTs are designed to maximize user participation in DeFi ecosystems, providing additional opportunities to enhance yields.

3. Permissionless and Decentralized
Stader actively supports permissionless node operators, fostering decentralization and ensuring the resilience of networks like Ethereum.

4. Capital Efficiency
By reducing the cost of operating validators, Stader makes staking accessible to a broader audience.

5. Trusted Ecosystem
Backed by marquee investors like Pantera Capital, Coinbase Ventures, and Jump Crypto, Stader has raised $16.5M in funding and built a profitable, scalable and a sustainable business model.

What’s Next for Stader’s LST Ecosystem?

1. Expanding Integrations: Ongoing partnerships with new DeFi protocols to unlock additional reward opportunities for ETHx, MaticX, BNBx and HBARx users..
2. Scaling Decentralization: Stader is constantly onboarding new validators and node operators while keeping the tech updated and best in class with recent unique features like slashing insurance powered by the SD Utility Pool.
3. Global Growth: Continuing to innovate and expand into emerging blockchain ecosystems.

Conclusion

Stader Labs’ LSTs represent the next generation of staking solutions, combining security, liquidity, and enhanced yield opportunities. By simplifying staking and integrating seamlessly with DeFi ecosystems, Stader empowers users to maximize their staked assets while contributing to the decentralization of blockchain networks.

Whether you’re staking Ethereum, BNB, or Polygon, Stader’s LSTs are the ultimate choice for secure, efficient, and rewarding staking.

In the ever-evolving world of DeFi, the success of any ecosystem hinges on its ability to align user incentives, create sustainable growth, and build a foundation for long-term value. At the heart of Stader Labs lies the SD token — a multifaceted utility and governance asset driving innovation and community engagement across the platform. Let’s explore the intricacies of SD tokenomics and how the SD Tokenomics Reboot represents a bold leap toward scalability and resilience.

The narrative behind SD Tokenomics

Since its inception, the SD token has been designed to go beyond just being a governance token. It serves as a critical pillar for:

1. Incentivizing participation: SD rewards liquidity providers, ETHx node operators, and community contributors, ensuring active engagement across the ecosystem.
2. Empowering governance: Through the StaderDAO, SD holders help shape the future of the protocol by voting on key proposals & initiatives.
3. Fueling decentralization: With SD, ETHx node operators can bond just 0.4 ETH worth of SD to run validators and secure the Ethereum network. Further, SD holders can delegate SD to the SD Utility Pool and get rewarded for banking node-operators run validators with ETH-only exposure

These features have positioned SD as a cornerstone of the Stader Labs ecosystem, but the dynamic nature of the blockchain industry demands adaptability. Recognizing this, Stader Labs launched the SD Tokenomics Reboot to ensure the token’s utility and sustainability evolve alongside the broader DeFi landscape.

SD Tokenomics Reboot: Why was it Necessary

In June 2024, Stader Labs executed a comprehensive overhaul of SD tokenomics to align with the protocol’s growth trajectory and the needs of its community. Here’s why the reboot was pivotal:

1. Aligning supply with ecosystem growth: A strategic 30M SD Mega Burn reduced the total supply to 120M tokens, optimizing the supply and enhancing tokenomics.
2. Creating a sustainable sink: The introduction of Quarterly Buybacks, allocating 20% of Stader’s annual revenue for buybacks, creates a consistent sink for the token, benefiting holders by reducing circulating supply and creating a deflationary effect on the token supply. Various utilities like SD Utility Pool and the use of SD as slashing insurance for ETHx node operators lock up SD optimizing the circulating supply even further.
3. Enhancing utility: The integration of the SD Utility Pool empowers ETHx node operators to run validators with ETH-only exposure, driving wider adoption by Ethereum node operators while bolstering Ethereum decentralization. ETHx Permissioned node operators also delegate a part of their rewards to the SD Utility Pool to get the benefits of insurance against slashing risks.
4. Expanding Beyond Staking: The Tokenomics Reboot positions SD to support future innovations, including new product initiatives like Cabbage that extend Stader’s influence into new areas of the web3 ecosystem.

SD token supply and unlock schedule

The SD token is capped at a total supply of 120Mn tokens. The distribution ensures sustainability and equitable access:

• Rewards & Farming: 38.75% (46.5Mn SD tokens) of the supply is allocated for incentivizing liquidity and ecosystem participation. The release schedule is determined via governance proposals.
• Team & Advisors: 21.25% (25.5Mn SD tokens) of the supply is dedicated to the team and the advisors to Stader. This comes with a 6-month cliff followed by linear vesting over 36 months.
• Private Sale: 21.25% (25.5Mn SD tokens) of the supply is dedicated to the private sale by Stader during TGE. 0–5% unlocked at TGE, with linear vesting across 36 months post-TGE.
• Public Sale: 5% (6Mn SD tokens) of the supply was allocated to the Public sale. See more details here.
• Ecosystem + DAO Fund: 13.75% (16.5Mn SD tokens) is allocated for governance-determined initiatives.

This structure ensures long-term alignment between the protocol’s goals and its community.

Listings & DeFi opportunities

SD tokens are available across major centralized and decentralized exchanges, ensuring broad accessibility:

• Centralized Exchanges (CEXs): Coinbase, OKX, KuCoin, Gate.io, Crypto.com, Bybit, HTX, BingX, LATOKEN, BIT.
• Decentralized Exchanges (DEXs): Uniswap V3 (Ethereum), Balancer (Ethereum & Polygon), Quickswap (Polygon), Thena (BNB Chain).

To further boost liquidity, users can provide liquidity and get rewarded with liquidity pools like:

• SD-ETHx on Balancer
• SD — MaticX on Balancer
• SD-BNBx on Thena
• SD-USDC on Quickswap

SD Tokenomics shaping the Stader ecosystem

The revamped tokenomics enable Stader to create a thriving ecosystem where SD holders actively participate and benefit from the protocol’s growth:

• SD Buybacks: Buybacks are directly connecting Stader’s growth to tokenomics. Stader’s revenue is directly plugged in to buyback SD from the open markets.
• Liquidity Rewards: By providing liquidity to pairs like SD-ETHx and SD-BNBx, users earn compelling yields, driving more liquidity into the ecosystem.
• Delegation Rewards: Delegating SD to the Utility Pool offers annualized rewards of up to 14%, reinforcing its role as a productive asset.
• Governance: SD empowers its holders to vote on critical proposals, ensuring the community’s voice drives decision-making.

The bigger picture: Stader Beyond

The SD Tokenomics Reboot is more than a tactical adjustment; it’s a strategic vision for long-term value creation. By addressing immediate challenges — like token supply and ecosystem incentives — while building mechanisms for sustained utility, Stader Labs has solidified SD’s role as a linchpin for DeFi. Moreover, the strategic initiative to expand to memecoin space showcases Stader’s long-term goal to generate more value and utility for SD.

SD being at the heart of Cabbage’s operations will enhance its tokenomics by utilizing a good portion of the revenue for activities like Buybacks, Burns, and Airdrop rewards, making SD deflationary in the long term.

What’s next for SD?

With a robust foundation in place, the future for SD is brighter than ever. The integration of SD into Cabbage’s operations marks a significant milestone, tying Stader’s utility token with its innovative speculative trading platform.

Cabbage leverages AI-curated opportunity feeds and a cutting-edge trading engine to simplify speculative asset trading. As part of the Stader ecosystem, both Cabbage and Stader’s liquid staking tokens (LSTs) accrue value directly to SD.

Cabbage’s Role in $SD

Cabbage is Stader’s foray into helping people discover the right opportunities in the speculative assets space using AI-curated opportunity feeds tied with a world-class trading engine. Since it is united under the Stader umbrella, both LST and Cabbage accrue value to the $SD token.

Stader expects to generate substantial revenue from Cabbage. Subsequently, all these revenues would contribute to the utility described above concerning buybacks, apart from allowing $SD holders to participate in governance, earn additional yield and other benefits.

By aligning tokenomics with a commitment to decentralization, innovation, and community growth, Stader Labs ensures that SD remains not just relevant but essential in the DeFi ecosystem.

Conclusion

The evolution of SD tokenomics highlights the power of a thoughtful, community-driven approach to building in DeFi. From incentivizing participation to fostering decentralization and creating sustainable value, SD stands as a beacon of innovation. As Stader Labs continues to push the boundaries of what’s possible in DeFi and crypto, SD holders are not just participants but key stakeholders in this transformative journey.

Utility, sustainability, supply, and security, the cornerstones of robust tokenomics, and Stader’s SD token is a prime example of how these principles come to life.

With over $700Mn+ in TVL and a community of more than 150k+ stakers across 4 PoS blockchains: Ethereum, Polygon, BNB and Hedera, SD has been integral to Stader’s success.

However, SD is no longer just a governance token. It’s evolving to power the next phase of growth for Stader and its ecosystem.

From governance to growth: The journey of SD

SD’s journey has been marked by strategic initiatives that extend beyond governance. Whether it is making SD accessible to all investors demographics by listing on top centralized and decentralized exchanges like Coinbase, Bybit etc. Or creating unique utilities for SD like SD being used as slashing insurance for ETHx permissionless node operators.

That is not just it. SD is coded to grow with Stader’s goals. Onboarding users of all demographics requires partnerships with protocols across the DeFi space. Partnerships with industry leaders such as Ledger, Metamask, Aave, Compound, Pendle, Curve, and Balancer have strengthened Stader’s ecosystem, making its LSTs accessible, rewarding, and utilitarian. These collaborations have driven the adoption of Stader’s LST and SD in the space.

With adoption comes revenue and SD tokenomics aligns very well with Stader’s success across its expanding ecosystem ensuring long-term sustainability and value creation.

At the heart of this evolution also lies a game-changing mechanism: buybacks.

The Buyback Mechanism

A transparent and systematic approach

Buybacks are a cornerstone of SD’s revamped tokenomics. Approved by the StaderDAO, 20% of Stader’s revenue is allocated for quarterly buybacks, creating a regular sink that removes SD from circulation. The result? A reduction in circulation supply creates an SD sink and optimizing the tokenomics.

Completed Buybacks:

1. Buyback 1: On September 2, 2024, Stader conducted its first buyback, with $150,000 worth of SD bought back from the open market.
2. Buyback 2: The second buyback occurred on December 13, 2024, involving $63,500 worth of SD bought back from CEXes and DEXes.

Both buybacks can be transparently tracked via the dedicated SD Buyback Wallet: Wallet Address: 0xEfE40Ff167A89cE3bAbdAd161d41D798Ca7116b2

The Impact of these Buybacks

• Supply Reduction: Buybacks directly decrease the circulating supply of SD, optimizing SD supply in the open market.
• Market Confidence: Regular buybacks signal Stader’s commitment to value creation, fostering trust among token holders.
• Alignment with Growth: By linking buybacks to revenue, Stader ensures that the tokenomics are inherently tied to the platform’s success.

Lessons from Industry Leaders

Buybacks have been a proven strategy among leading Web3 protocols:

• Binance (BNB): Binance’s quarterly token burns, funded by 20% of its profits, have significantly reduced BNB’s circulating supply, boosting investor confidence. BNB Chain recently performed its 29th Buyback and Burn event in November 2024.
• MakerDAO (MKR): MakerDAO uses buybacks as part of its tokenomics. A past buyback resulted in a positive impact on market confidence.
• Aave (AAVE): Aave uses a buyback-and-distribute model, purchasing tokens and redistributing them to stakers, aligning incentives, and reducing circulating supply.
• OKX Token (OKB): OKX employs a similar buyback and burn mechanism, periodically repurchasing OKB tokens from the market and burning them to decrease supply.

These examples underscore how buybacks can positively influence tokenomics by reducing supply, regulating demand, and instilling market confidence.

Potenial Use Cases for the bought-back SD

While buybacks primarily focus on reducing circulating supply, purchased SD tokens open avenues for further value creation, subject to approval by the StaderDAO. Potential uses include:

• Increasing rewards for SD Utility Pool: Enhancing incentives for SD holders who participate in securing the Ethereum network.
• Airdrops for active community members: Rewarding loyal users and fostering engagement within the Stader ecosystem.
• Other initiatives proposed by the community and in line with Stader’s objective to foster growth and innovation and increase value for the users

These initiatives ensure that the benefits of buybacks extend beyond scarcity, driving community participation and network security.

Scaling Buybacks with Revenue Growth

Stader’s upcoming venture, Cabbage, holds the potential to supercharge buybacks. As an AI-powered memecoin trading platform, Cabbage aims to capture a significant share of the $70 billion monthly DEX trading volume in memecoins. As Cabbage grows, its revenue could significantly contribute to SD buybacks, amplifying their scale and impact. This symbiotic relationship between Cabbage’s revenue and SD tokenomics shall ensure that every milestone in Stader & Cabbage’s journey strengthens SD’s tokenomics.

A holistic approach to tokenomics

The SD Tokenomics Reboot isn’t just about buybacks; it’s a comprehensive strategy to future-proof the token. Key elements include:

• The SD Mega Burn: On June 25, 2024, Stader burned 30Mn SD tokens (20% of the total supply), reducing the circulating supply from 150Mn tokens to 120Mn tokens.
• Enhanced Utility: SD now supports Ethereum network security by covering slashing penalties for permissioned and permissionless node operators via the SD Utility Pool.
• Sustainable Emission Caps: Proposed capping of reward emissions ensures SD’s value grows alongside its utility.

Looking ahead: Scaling Buybacks and Beyond

The future of SD buybacks is bright, with Cabbage paving the way with its growth. As Cabbage captures market share and scales its revenue streams, the SD tokenomics is set to optimize even further. This symbiotic relationship ensures that every new milestone in Stader’s journey strengthens SD’s tokenomics.

Additionally, Stader is always exploring new opportunities to bring more value to SD with integrations, partnerships, and new products, bringing more value to the ecosystem and SD holders. Whether through staking solutions, partnerships, innovative utilities, or new products, SD will remain at the core, powering growth and securing networks.

Conclusion: The path forward

Stader’s commitment to SD is a testament to its dedication to creating sustainable, value-driven tokenomics. With two successful buybacks already completed and a robust pipeline of future initiatives tied to Cabbage, the buyback mechanism is set to play an even larger role in shaping SD’s future.

This is more than just a tokenomics upgrade; it’s a transformation. Together with its community, Stader is building a resilient ecosystem where SD holders are rewarded for their trust and participation. As the journey continues, SD will remain at the heart of Stader’s growth — a token that’s not just functional but foundational.

Let’s grow together. The future of SD is now.

If you’ve ever dipped your toes into the memecoin market, you know one thing for sure: it’s chaos. A ~$300 billion monthly trading volume, thousands of new tokens launching daily, and trends shifting faster than you can refresh Twitter. Exhilarating, but also overwhelming! It’s like trying to find a gem in a haystack using 100s of tools while blindfolded.

At Stader Labs, we’ve built reliable & innovative liquid staking solutions with $680M+ in TVL and 150K+ users trusting us across various PoS blockchain ecosystems.

But as we’ve watched the memecoin market explode, one thing became clear: trading memecoins often feels like rolling the dice, but we’re here to make the experience smarter and more informed.

That’s why we’re building Cabbage — a platform designed to simplify memecoin trading by cutting through the noise, highlighting opportunities, and making the entire experience safer, smarter, and more enjoyable.

The problem we’re solving

1. Overwhelming discovery process
   Every day, tens of thousands of memecoins are launched. Choosing which ones to buy feels impossible. Do you rely on Twitter hype? Telegram whispers? Blind guesses? For most traders, it’s a frustrating shot in the dark. What are the chances of a bullseye?
2. Fragmented tools & insights
   Want to find the next $FARTCOIN or $PNUT? You’re juggling on-chain data dashboards, social media threads, whale-watching tools & Discord groups. It’s exhausting, time-consuming, and often leads to more confusion than clarity.
3. Safety risks & scams
   Rug pulls, honeypots, and insider trading are rampant in the memecoin world. A single mistake can wipe out your portfolio. Are trust and safety scarce commodities in this space?
4. Cognitive overload
   Memecoin trends can shift in minutes — a single tweet from any influential entity can spawn five new tokens with the very same name. How do you decide which one is legit and which ones are scams? The sheer volume of noise is enough to paralyze even the most seasoned traders.

How Cabbage solves these problems?

Cabbage is designed to be your ultimate memecoin sidekick, leveraging AI-driven insights, real-time data, and an intuitive user experience to turn chaos into clarity. Here’s how:

1. The Cabbage Score + Opportunity Feed: Your cheat sheet for memecoins
   Our proprietary AI engine analyzes thousands of tokens, combining on-chain activity, social sentiment, and market trends to rank the top 20 trading opportunities at any given moment. Instead of scrolling endlessly, you get a curated list of high-potential tokens, each with a clear, easy-to-understand score.
2. Whale Watch: Follow the Smart Money
   Being in the trenches or not, everyone is wondering, what smart money are buying? Whale Watch tracks their transactions in real-time, showing you what’s hot, who holds it, and their historical win rates. It’s like having insider knowledge without the legal trouble.
3. Crowd Pulse: Social sentiment made simple
   What’s the vibe around a token? Our Crowd Pulse feature scans platforms like Twitter and Telegram to analyze social sentiment, track KOLs, and even measure momentum. Now you’ll know if the hype is real.
4. Safety Check: Trade without fear
   Before you buy, Safety Check runs a comprehensive risk analysis, flagging issues like insider holdings, liquidity concerns or devs with shady histories. It’s your safeguard against scams and bad actors.
5. Zap Buys: One-click trading
   Once you’ve found your token, Zap Buys lets you trade it instantly, with optimized slippage to get you the best deal. No more fumbling through multiple steps — just see, click, trade.

Key Differentiators of Cabbage

1. AI-powered simplicity
   Most tools offer raw data; Cabbage provides curated, actionable insights. The Cabbage Score simplifies complex analysis into a single, intuitive ranking system.
2. All-in-one platform
   Why switch between dashboards, Telegram chats, and Twitter threads? Cabbage consolidates discovery, analytics, and trading into one sleek platform.
3. Safety first
   Scams are a plague in the memecoin space. Our Safety Check ensures users can trade with confidence, highlighting potential risks before you hit “buy.”
4. Community-driven growth
   Cabbage isn’t just a tool; it’s a movement. By collaborating with traders and communities, we’re building a platform that evolves with user needs.
5. Backed by Stader Labs’ credibility
   With a track record of $680M+ in TVL and partnerships with DeFi giants, Cabbage brings Stader’s proven reliability to the memecoin world.

Why the world needs Cabbage?

The memecoin market is no longer a fringe phenomenon;

With 50% of DEX activity on chains like Solana coming from memecoins, this space is driving innovation, liquidity, and user adoption in the broader crypto space. But for all its growth, it remains riddled with inefficiencies and risks.

Cabbage is here to change that. By providing a platform that’s smart, safe, and simple, Cabbage will enable a new wave of traders to explore speculative markets with confidence. And we’re not stopping at memecoins — our vision is to expand into other speculative asset classes, bringing clarity and opportunity to every corner of Web3.

The Larger Vision: From Memecoins to Speculative Asset Dominance

The starting point: Memecoins

Cabbage kicks off by solving the most urgent pain points that we’ve heard from users in memecoin trading. Imagine cutting through token overload, eliminating cognitive stress, and finding winners with clarity. We’re setting the foundation to captivate users & liquidity from day one.

Phase 1: Customized opportunity feeds

The magic lies in personalization. As users engage, Cabbage’s AI evolves. Picture this: a single dashboard where the top 20 tokens, tailored precisely to your preferences, light up like a treasure map. No more decision fatigue, no more scrolling, just smarter, faster, and sharper trades.

Phase 2: Gamification & instant gratification

Trading doesn’t have to be dull, Cabbage makes it lively. Imagine unlocking gacha boxes with hidden rewards for your trading milestones, earning streak badges for consistency, or gaining exclusive perks that elevate your clout in the community. Every click becomes a dopamine hit, making Cabbage not just a tool, but an experience.

Phase 3: Social Graph Integration

This isn’t just about trades; it’s about connections. By weaving your trading activity into your social circles via Telegram and X, Cabbage will create a buzz-worthy network where wins are celebrated, alpha is shared, and collaboration thrives. From notifying friends about your latest gains to in-app discussions, Cabbage transforms trading into a social adventure.

Endgame: The go-to platform for speculative assets

The future is bigger than memecoins. Cabbage wants to be the one-stop destination for every speculative trader. By being a focal point around users, liquidity, and projects under one roof, Cabbage becomes a flywheel of innovation and growth.

What’s next?

The alpha launch of Cabbage kicks off very soon, with access limited to 1,111 early adopters. Want in? Keep an eye out on our socials, we’re releasing the waitlist very soon. Join the waitlist and be the first to experience the future of memecoin trading.

We’re also releasing sneak peeks as a New Year’s present. Stay tuned, stay hyped, and get ready to trade smarter, not harder.

Memecoin trading doesn’t have to feel like a gamble. With Cabbage, it’s a strategy. Join us on this journey, and let’s make memecoins a space where everyone gets a fair chance. Because at the end of the day, trading isn’t just about numbers; it’s about confidence, community, and having fun along the way. 🥬✨

Introduction

At Stader Labs, we’re continually innovating to bring one billion people into the world of staking and decentralized finance (DeFi). Staking is a fundamental aspect of the Web3 ecosystem, offering users the opportunity to earn rewards while participating in network activities. Our mission is to provide a seamless, secure, and flexible staking experience through our innovative liquid staking platform. In this blog, we invite Web3 wallet developers and companies to explore the incredible benefits of partnering with Stader.

Understanding Stader Labs

Stader Labs is a non-custodial, smart contract-based platform designed to revolutionize staking. Our liquid staking solution allows users to earn staking rewards without the need to lock up their tokens, providing unparalleled flexibility and access to liquidity. We support multiple blockchain networks, including Ethereum (ETHx), Polygon (MaticX), BNB Chain (BNBx), and Hedera (HBARX), making us a versatile platform for diverse crypto assets.

Key Features:

• Liquid Staking: Users can convert staked tokens into liquid tokens, enabling trading or use in DeFi protocols.
• Multi-Chain Support: Stake across various blockchain networks, enhancing user flexibility.
• Security: Continuous code reviews, on-chain monitoring, and audits by Sigma Prime, Halborn, Peckshield, and OtterSec.
• User-Friendly Interface: A simplified staking process suitable for both beginners and experienced users.
• Competitive Rewards: Attractive staking rewards compared to traditional methods.

Our vision is to make staking accessible, secure, and beneficial for all users. As we expand our offerings and integrate with more blockchain networks, we are committed to driving innovation and growth in the DeFi ecosystem.

The Role of Wallets in Staking

Web3 wallets are the gateway to the world of cryptocurrencies and DeFi. They allow users to store, manage, and interact with their digital assets securely. Integrating staking solutions into these wallets enhances the user experience by providing additional functionalities and opportunities to earn rewards.

Benefits for Wallet Users:

• Seamless Integration: Users can stake directly from their wallets without needing to navigate multiple platforms.
• Enhanced User Engagement: Staking features keep users engaged and active within the wallet ecosystem.
• Increased Security: Integration with Stader ensures that users’ assets are protected by robust security measures.

By partnering with Stader, wallets can offer their users the convenience and benefits of liquid staking, driving user engagement and satisfaction.

Current Wallet Partnerships

At Stader, we have successfully partnered with a variety of wallets that support our staking solutions. These partnerships enhance the staking experience for users and demonstrate the versatility of our platform.

Partner Wallets and their unique features:

• MetaMask: Integration with Ethereum dApps and robust security features.
• Coinbase Wallet: Strong exchange integration facilitating a smooth transition from centralized to decentralized finance.
• WalletConnect: Wide compatibility with multiple wallets and dApps, offering flexibility for users.
• OKX Wallet: Deep integration with OKX exchange, supporting various blockchain networks.
• Gate Wallet: Comprehensive security features and support for multiple cryptocurrencies.
• Rabby Wallet: Enhanced security with transaction simulations and phishing protection.
• Phantom: Leading wallet for the Solana ecosystem, offering in-wallet staking and NFT management.
• SafePal Wallet: Combination of hardware and software wallet solutions for high security.
• TokenPocket: Extensive multi-chain support and built-in dApp browser.
• Bitget Wallet: Seamless integration with Bitget trading platform.
• imToken: Multi-chain support and hardware wallet integration for secure private key management.
• Ledger: Industry-leading hardware wallet with top-notch security features.
• Binance Web3 Wallet: Integration with Binance ecosystem, supporting multiple blockchain networks.

Each of these wallets brings unique strengths and features, making them ideal partners for Stader’s liquid staking solutions.

Benefits of Partnering with Stader

Partnering with Stader Labs offers numerous benefits for Web3 wallets, enhancing their service offerings and driving user engagement.

Key Benefits:

• Enhanced User Engagement: Integrated staking services keep users engaged and active within the wallet ecosystem.
• Growing User Base: Access to Stader’s rapidly expanding user base and TVL, providing increased exposure and potential growth.
• Technical and Marketing Support: Comprehensive support from Stader Labs to ensure smooth integration and successful collaboration.
• Increased Security: Assurance of best-in-class security measures through audited smart contracts and continuous monitoring.

By integrating with Stader, wallets can offer their users a superior staking experience, driving growth and satisfaction within their communities.

Success Stories

Several wallet partners have successfully integrated with Stader, enhancing their service offerings and providing users with valuable staking solutions.

Case Studies:

• MetaMask: Integration with Stader has enabled MetaMask users to seamlessly stake their Ethereum assets, driving increased user engagement and satisfaction.
• Ledger: The partnership with Stader has allowed Ledger to give it’s users a single click solution for staking ETH for best in class staking rewards.
• SafePal Wallet: SafePal’s combination of hardware and software wallet solutions, integrated with Stader’s liquid staking, has provided users with high security and flexibility.

These success stories highlight the positive impact of partnering with Stader, demonstrating the value and benefits for wallet partners and their users.

How to Partner with Stader

Partnering with Stader is a straightforward process, designed to ensure smooth integration and successful collaboration.

For more information and to start the partnership process, visit our website or contact our support team.

Conclusion

Partnering with Stader Labs offers Web3 wallets a unique opportunity to enhance their service offerings and attract more users. With our innovative liquid staking solutions, robust security measures, and growing user base, Stader is well-positioned to drive growth and innovation in the DeFi ecosystem. We invite wallet developers and companies to explore partnership opportunities with Stader and join us in revolutionizing the staking experience.

To learn more about Stader Labs and explore partnership opportunities, visit our website and join our community. Together, we can shape the future of staking and decentralized finance.

We’re excited to announce that Stader has integrated Chainlink CCIP — the industry standard for secure cross-chain interoperability — across the Arbitrum, Ethereum, and Optimism mainnets. We’re leveraging CCIP to facilitate cross-chain transfers on our LST platform.

We selected CCIP as our preferred interoperability solution because Chainlink has a proven track record of maintaining the highest standard of security and reliability in the blockchain industry, with CCIP being the only interoperability solution achieving level-5 cross-chain security. Furthermore, CCIP is backed by the Risk Management Network — a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity. This additional layer of security is particularly important given historical industry exploits and the billions in user funds lost due to unreliable cross-chain infrastructure.

Thanks to its principle-driven approach, Chainlink has built one of the largest ecosystems in the blockchain industry and is being established as the industry-standard blockchain connectivity standard within capital markets. Connecting Stader to the Chainlink community and ecosystem offers a multitude of growth opportunities that help Stader get closer to its goals and increase ecosystem adoption.

Stader ensures robust security through continuous code reviews, regular external audits, and multi-sig admin accounts for contract parameter changes. In order to help secure the cross-chain LST platform, we needed access to a highly secure and reliable interoperability solution. After reviewing various solutions, we integrated Chainlink CCIP because it provides a multitude of important benefits and features, such as:

• Defense-in-depth security — CCIP’s consensus and interoperability layer is powered by Chainlink decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $12 trillion in onchain transaction value. CCIP also features additional layers of protection and reliability via the Risk Management Network and Smart Execution.
• Simplified Token Transfers — CCIP features a plug-and-play solution consisting of audited token pool contracts that handle the complexity of burning and minting or locking and unlocking tokens across chains. CCIP token transfers also have additional security features like rate limits, and enable ecosystem partners to easily build new capabilities around a supported token via a single CCIP interface.
• Programmable Token Transfers — CCIP messages are programmable, meaning token transfers and arbitrary data transfers can be one atomic transaction. This enables instructions to be passed in the data payload regarding what to do with the tokens once they arrive at the destination chain.
• Extendable and future-proof — CCIP is built to support continuous updates, such as the integration of new blockchains, the introduction of advanced functionalities, and the addition of other defense-in-depth approaches to security. Thus, integrating CCIP eliminates future switching costs should new cross-chain functionalities be required.

“Industry-standard Chainlink CCIP enhances our LST platform’s capabilities. Its battle-tested security and reliability made it the ideal choice to enable secure cross-chain functionality. This integration helps strengthen Stader’s security and opens new avenues of growth and adoption for us within the DeFi ecosystem.” — Amitej, CEO and Founder at Stader Labs

About Stader

Stader is a non-custodial, smart contract-based staking platform designed to simplify the discovery and access of staking solutions. It provides essential staking middleware infrastructure for multiple Proof-of-Stake (PoS) networks, catering to retail crypto users, exchanges, and custodians. Stader’s liquid staking feature allows users to mint a token representing their staked assets, enabling participation in both network security and DeFi activities.

Utility, sustainability, supply and security are some of the key factors that amount to a robust tokenomics behind every token. Stader’s governance token SD is at the heart of Stader’s growth to $500Mn+ in TVL and over 100k+ stakers across the top 4 PoS blockchains Ethereum, Polygon, BNB and Hedera

But SD has become much more than just a governance token — it’s evolving for the future.

Stader’s partnerships with industry giants like Ledger, Metamask, Aave, and Balancer, have established a robust ecosystem across Stader’s LSTs. With $3Mn in annualized revenue, StaderDAO recognized the need to integrate this stellar business growth into SD’s tokenomics.

This isn’t just a simple update — it’s a full-scale SD Tokenomics Reboot. Four key levers are going to be pulled to transform SD into a powerful tool for growth and sustainability, setting the stage for the next decade of Stader’s evolution.

The Float Dilemma: Burning to Build

For a while, SD holders faced a common problem — a low float, and a high FDV for SD. To solve this, we introduced the SD Mega Burn.

On June 25, 2024, 30Mn SD tokens were burnt — 20% of the total supply — bringing the supply down from 150Mn to 120Mn tokens. This burn reduces the FDV and creates a leaner, more agile SD token. It’s the first step toward aligning the token’s circulating supply with Stader’s growth.

Buybacks and Balancing the Market

In a move to further strengthen SD, we initiated quarterly buybacks of SD utilizing 20% of its revenue. These buybacks aim to reduce the circulating supply and create a regular sink for SD, taking it out of circulation.

The first SD Buyback worth $150k went live on September 2, 2024. This and the future buybacks are made transparent and accessible for users to track using this wallet address:

0xEfE40Ff167A89cE3bAbdAd161d41D798Ca7116b2

To further make the tokenomics sustainable, StaderDAO proposed capping of rewards emissions. Initial estimates project 5x growth with 50% increase in rewards. Hence making SD even more rewarding going forward.

More Than a Token: New Utilities for SD

The future of SD isn’t just about supply management — it’s about utility. SD will now play a key role in offering insurance for Stader’s permissioned node operators. This insurance, backed by the SD Utility Pool, will cover slashing penalties for the ETHx permissioned node operators.

For SD holders, this means greater rewards for locking up tokens in the utility pool. With this new insurance system, SD evolves from a governance token into a multi-functional asset, helping secure the Ethereum network.

Looking Beyond: Stader’s New Horizons

Stader isn’t stopping at liquid staking!

New opportunities are being explored to see how we can expand our product offerings and create more long-term, sustained value for our community. These expansions will allow Stader to grow beyond its current ecosystem, bringing even more value to SD holders.

As Stader ventures into these new areas, SD will remain at the core — powering these innovations and ensuring that token holders benefit from every new product and partnership.

The Community’s Role in Shaping the Future

The most exciting part of the SD Tokenomics Reboot? It’s shaped by the community. Every step — from the token burn to the buybacks — has been approved through the Stader DAO.

This shared vision ensures that Stader’s growth benefits everyone. The journey to 10x growth is one that Stader will walk together with its community, making sure the tokenomics align with the Stader’s bold future.

The SD Tokenomics Reboot is more than just a tweak — it’s a transformation. With the Mega Burn, quarterly buybacks, and new utilities like insurance for permissioned node operators, SD is evolving to become more powerful, optimized, sustainable and utilitarian.

As Stader continues to push into new frontiers, SD will be there, at the heart of it all — powering growth, securing networks, and creating value for the entire community.

This is just the beginning. The future of SD is unfolding now.

Stader Labs is proud to offer native ETH liquid staking on Arbitrum. This allows you to stake your ETH, secure rewards, and maintain liquidity, unlocking new opportunities in the Arbitrum DeFi ecosystem.

3X Boosted Staking Rewards

Stader Labs is excited to announce a special campaign for all ETH holders on the Arbitrum chain. Starting from August 1st to August 31st, 2024, you can get a flat 10% annualized staking rewards (3X boost) by staking your ETH on Arbitrum with Stader.

This is an exclusive opportunity to maximize your rewards while enjoying the benefits of liquid staking on a top-tier Layer 2 network and accessing DeFi opportunities to make the most of your staked ETH.

Why Stake ETH with Stader on Arbitrum?

Accessible Staking on ETH L2

Stader Labs makes staking more accessible and efficient for users by providing ETH liquid staking on an ETH Layer 2 (L2) network. This integration enhances capital efficiency and offers a seamless staking experience.

Capital Efficient + Best in Class Rewards:

• Staking Rewards: Get best in class 10% annualized returns directly from staking your ETH with Stader.
• DeFi Rewards: Earn upto 60% annualized defi returns on top of 10% staking returns by joining ETHx liquidity pools on Arbitrum.
• Camelot: wstETH-ETHx
• Ramses: wstETH-ETHx
• Balancer: wstETH-ETHx
• Pancake Swap: ETHx-ETH

Campaign Rewards Breakdown

The flat 10% staking rewards constitutes of two parts:

• Base Staking Rewards: ETH staking rewards from Stader
• Boosted Rewards: ARB rewards, paid out within 10 days of the campaign ending.

Get Started Today!

Stake your ETH as soon as possible to maximize your rewards during the campaign. The earlier you stake, the higher your potential rewards!

For more details and to start staking, visit Stader Labs.

Disclaimer

Participation in this campaign and utilization of services provided by Stader Labs are subject to Stader Labs' Terms of Service. Rewards are settled daily based on ARB value and ETH staking APR, though these specifics are not highlighted within the blog.

Get ready for the grand finale of mega rewards with ETHx Restake Rush!

This exciting new campaign brings you unprecedented rewards and opportunities. Following the highly successful EigenBoost 3.0, which concluded after launching on April 16 at 4 PM UTC and providing up to 4 Million extra EigenLayer Points for ETHx restakers, we are thrilled to introduce ETHx Restake Rush.

Dive into this ultimate reward frenzy and maximize your benefits with even more substantial rewards. Stay tuned for more details on how you can participate and make the most of this incredible opportunity!

ETHx Restake Rush + EigenBoost 3.0 is valid only for the first 40k ETHx minted & restaked before 31st May.

Reward details for both campaigns are as follows:

ETHx Restake Rush (6th May - 31st May)

Make the most of your staked ETH with ETHx Restake Rush is here to help you unlock exclusive rewards. This limited-time opportunity is available for the first 40,000 $ETHx minted and restaked before May 31st, offering a variety of enticing rewards. The SD incentives accrued by users will be paid out on July 15th.

Reward Highlights

By participating in the ETHx Restake Rush, you can unlock:

• $400,000 in SD tokens
• 4 million extra EL points
• 2x Karak XP

Here’s how rewards break down across the platforms:

Kelp DAO

For every $ETHx restaked on Kelp DAO, you’ll receive:

• Up to $40 in SD tokens from Stader
• $15 in USDC from Kelp
• 100 extra EL points from Stader
• 1x Kelp Miles from Kelp

EigenLayer

Rewards for every $ETHx you restake on EigenLayer:

• Up to $40 in SD tokens
• 100 extra EL points

Karak Network

For every $ETHx restaked on Karak, you’ll receive:

• Up to $40 in SD tokens
• 2x Karak XP per $ETHx

How to Participate

1. Mint $ETHx: Head over to Stader Labs to mint your $ETHx.
2. Restake on Partner Platforms: Choose from KelpDAO, EigenLayer, or Karak Network to restake your $ETHx and start earning rewards.

EigenBoost 3.0 (16th April - 5th May)

Every ETHx restaked during the campaign period earns additional EigenLayer Points on top of standard EigenLayer Points. This foundational bonus ensures all participants benefit from their commitment.

Details for the rewards are as below:

• 4 Million EigenLayer Points:
  
  (a) Restake with EigenLayer or our LRT partners to earn 50 extra EigenLayer points.
  
  (b) Restake with Kelp to earn a total of 100 extra EigenLayer points (50 from Stader + 50 from Kelp).
• Bonus Kelp Miles: Get 125,000 Kelp Miles for each ETHx restaked, until 29th April. And 100,000 Kelp Miles per ETHx restaked from 30th April - 5th May.
• Bonus Rewards: Deploy rsETH on Zircuit to get Zircuit points and/or Pendle for approx 50% annualized rewards.

Users can choose to restake directly on EigenLayer or with any of the LRT partners: Eigenpie, Prime Staked ETH & Kelp DAO.

Exclusivity and early access benefits

The campaign targets the proactive and quick-to-act stakers, capping the offer to the first 40,000 ETH staked and restaked on EigenLayer or through LRT platforms such as Karak, Eigenpie, PrimeStaked and KelpDAO.

The restaking window starts April 16, 4 PM UTC till May 31, 4 PM UTC.

Join the Restaking Revolution

EigenBoost 3.0 & ETHx Restake Rush are not just regular campaigns; it’s a step towards dynamic Ethereum staking. Become a part of making Ethereum even more decentralized & secure by staking now while boosting your EigenLayer points in the process.

Win-Win.

Stake now.

Disclaimer: ETHx Restake Rush is not applicable for bespoke deals.

We’re excited to announce the integration of Chainlink CCIP — the industry standard for secure cross-chain interoperability — across the Ethereum and Arbitrum mainnets. We’re leveraging CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of ETHx, enabling a more seamless and secure cross-chain experience for Stader users. Stader is also sponsoring the ETHx/ETH Chainlink Price Feed on Ethereum to enable broader ETHx adoption across DeFi.

We have selected CCIP as our preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry. Furthermore, CCIP is backed by the Risk Management Network — a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity.

After reviewing various solutions, we integrated Chainlink CCIP because it provides a multitude of important benefits and features, such as:

• Time-tested security and reliability — CCIP’s consensus and interoperability layer is powered by Chainlink decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $9 trillion in onchain transaction value. CCIP also features additional layers of protection and reliability via the Risk Management Network and Smart Execution.
• Secure Token Transfers — CCIP features a plug-and-play solution consisting of audited token pool contracts that handle the complexity of burning and minting or locking and minting tokens across chains. CCIP Token Transfers also have additional security features like Rate Limits, and enable ecosystem partners to easily build new capabilities around ETHx via a single CCIP interface.
• Programmable Token Transfers — CCIP messages are programmable, meaning ETHx transfers and arbitrary data transfers can be one atomic transaction. This enables instructions to be passed in the data payload regarding what to do with the ETHx tokens once they arrive at the destination chain.
• Future-proof — CCIP is built to support continuous updates, such as the integration of new blockchains, the introduction of advanced functionalities, and the addition of other defense-in-depth approaches to security. Thus, integrating CCIP eliminates future switching costs should new cross-chain functionalities be required.

“We’re excited to integrate the industry-standard Chainlink CCIP to help secure cross-chain transfers of ETHx. By leveraging CCIP’s level-5 security and advanced risk management infrastructure, we can help increase the adoption of ETHx across DeFi.” — Amitej Gajjala, Co-Founder of Stader Labs

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Welcome to the Q1 ’24 Report of Stader Labs. It has been an eventful 2024 with new summits scaled and innovative projects launched. Here’s a comprehensive overview of the performance of what it has looked like till now.

Highlights

1. Current TVL stands at $675M, marking an impressive 600%+ y-o-y growth.
2. Users staking with Stader climbed to 96K+ users.
3. SD Utility Pool was launched and already has 1.8M+ delegated $SD in less than a month from its launch.

$SD

$SD is no longer just a governance token. It has now become a utility-bearing protocol with the launch of the SD Utility Pool.

SD Utility Pool

Launched on March 5 ’24, SD Utility Pool is the latest addition to our long list of product offerings. A first-of-its-kind product in the Ethereum LST space that:

▹ Rewards protocol token holders for contributing to the decentralization of Ethereum
▹ Enhances accessibility for NOs on ETH by eliminating their governance token exposure.

In less than a month since launch, it has $1.8M+ worth of $SD delegated & $367K+ worth of $SD utilized. The Pool currently offers a healthy reward of ~36%.

$SD can also be used to generate additional defi opportunities on ETHx, MaticX, and BNBx.

Here’s a list of TOP picks for $SD:

• ~43% rewards on SD/BNBx LP on Thena
• ~37% rewards on SD/ETHx LP on Balancer
• ~20% rewards on SD/MaticX LP on Balancer

Top DeFi opportunities across the Stader ecosystem

Let’s visit the BEST DeFi opportunities currently available on different protocols across the Stader ecosystem.

Stader x Ethereum

Launched last year, the Ethereum chain has grown into the biggest store of value for Stader’s Liquid Staking offerings. Currently, we’ve $466M+ TVL across 21K+ stakers. Recently ETHx, Stader’s LST on Ethereum, went live on Arbitrum & Optimism.

Here’s a list of top picks on Ethereum:

• ~105% rewards on ETHx/USDC in PancakeSwap
• ~80% rewards on ETHx/wstETH in PancakeSwap
• ~33% rewards on ETHx yield optimizer in Equilibra

Stader x Polygon

MaticX, Stader’s LST on the Polygon network, is the biggest LST solution on the chain with $150M+ TVL. Recently, we’ve also integrated with SafePal as their preferred staking partner on the same network.

Here’s a list of top picks on Polygon:

• ~20% rewards on MaticX/SD in Balancer
• ~12% rewards on Leverage staking in CIAN
• ~8% rewards on wMaticX/Matic LP in Balancer

Stader x BNB

On the BNB front, we are making major headways in Thena. Here are the top picks you can benefit from:

• ~48% rewards on BNBx/BTC LP in Thena
• ~43% rewards on BNBx/SD Pool in Thena
• ~13% rewards on BNBx/BNB LP in Thena

That’s a wrap for our Q1 ’24 Report. Meanwhile, we’re hosting SD Splash Season to celebrate the launch of the SD Utility Pool. Rewards and campaigns such as gas-free delegation are up for grabs! Interested in taking part? Drop your mail here to get the latest updates straight to your inbox.

The Ethereum ecosystem is rapidly evolving, and Layer 2 solutions are leading the charge in scaling the network. These L2 blockchains offer faster and cheaper transactions while inheriting the security of the Ethereum mainnet.

What if you could bring your ETHx to these L2 solutions for more accessible and rewarding DeFi opportunities at a fraction of the gas cost?

Well, the wait is over! Thanks to the power of XSwap and ChainLink’s Cross-Chain Interoperability Protocol (CCIP), you can now bridge your ETHx to Arbitrum and Optimism, unlocking a whole new world of possibilities for DeFi with ETHx and beyond.

What is ChainLink’s CCIP?

ChainLink’s Cross-Chain Interoperability Protocol (CCIP) is a technology that enables secure and trustless communication between blockchains. By leveraging a decentralized network of oracles, CCIP facilitates the seamless transfer of data and assets across different chains, opening up a multiverse of cross-chain applications. Learn more about it here.

Bridging ETHx to L2 with XSwap and CCIP

XSwap, a DEX built on Ethereum, has integrated CCIP to allow users to bridge their assets to Ethereum Layer 2 solutions.

ETHx’s latest integration with ChainLink and XSwap will now enable users to bridge their ETHx to Arbitrum and Optimism.

Here’s a step-by-step guide on how you can bridge your ETHx to Layer 2 solutions using XSwap:

• Visit this Xswap Bridge dApp here
• Now connect your Ethereum wallet

• In the “You Bridge” section, select the token as ETHx and the chain as Ethereum and enter the amount you wish to bridge

• In the “You Receive” section, select the token as ETHx and your desired chain to bridge to

• Click on “Approve” and approve the transaction on your wallet

What’s next?

With your ETHx now accessible on Arbitrum or Optimism, the possibilities are endless.

This is just the beginning! Soon you would be able to participate in DeFi opportunities and earn extra rewards with ETHx on L2s.

Stay tuned as we unveil exciting DeFi integrations and opportunities for ETHx on Layer 2 solutions.

ETHx is committed to the scalability of the Ethereum network and unlocking the full potential of ETHx. By partnering with Xswap and ChainLink’s groundbreaking CCIP, we are at the forefront of the multi-chain revolution. Xswap and CCIP enable ETHx to transcend the limitations of Layer 1 and thrive on Layer 2 scaling solutions like Arbitrum and Optimism. Unleash your ETHx, and let your rewards soar to new heights with ETHx on L2s.

Start by staking your ETH here.