Stader 2022 Wrapped: What We Accomplished Together
3 min read
Stader launched in BNBChain in 2022 and so far it’s been a wild ride. With more than $4M in TVL and thousands of active users, Stader's BNB liquid staking solution has come a long way. Stader has partnered with several DeFi platforms and other projects in the BNBChain ecosystem.
In this article, we’re going to take a look back at the year and highlight everything we’ve accomplished.
Staking with Stader is fun because of the wide number of DeFi options you get. We have partnered with practically every type of DeFi platform to give you the best experience.
Here are some of our partners:
Multiple third-party smart contract audits:
Our code has been successfully audited by two of the best-known firms in this space -
HalbornSecurity > http://bit.ly/3cXWeq6.
Peckshield > http://bit.ly/3btcgrG
We're also constantly evaluating our standards in comparison to other leading projects.
BNB Chain collaboration:
The BNB chain team has constantly supported us with feedback on the solution architecture and tested our code too.
It always helps to take guidance from the best in the class.
Built-in security features:
We have used multi-sig admins which ensure that no one person controls the keys to make changes to the contract
We also follow best-in-class cloud security features while developing our solution, thus portions of the solution hosted off-chain are protected
We partnered with Forta Network to help us with ongoing monitoring and threat detection, to ensure security on an ongoing basis.
Forta bots monitor our activities on delegation and rewards distribution, along with minting and unstaking of $BNBx.
Stader has added a Time Lock for making upgrades to its smart contracts: It is a smart contract that delays function calls of another contract for a predetermined amount of time.
All upgrades to the Stader smart contract will now be governed by the time lock contract. Once an admin proposes a change to upgrade the contract & the multi-sig approves the change, it then flows into the time lock before reaching the target contract.
Bug Bounty Program:
Wanna have a look at our code yourself?
We’re running a bug bounty program with Immunefi to incentivize devs who can detect any potential bug in the system.
As a part of this program, bug hunters can earn up to $1,000,000.
Stader is hyper-vigilant when it comes to choosing the right validators to delegate our user’s funds. We pool the BNB together and optimally stake it to validator nodes—balancing diversification, APR, and fee.
The rewards generated from staking are added back to the pool. So the value of BNBx (in terms of BNB) increases.
You can now track Stader’s BNBChain validators in real time on the Validator Dashboard. The dashboard includes data on Stader’s APR, Top/Bottom Performing validators, Validator Slash Count, Validator in Jail, etc.
We made Stader accessible to everyone by adding every major wallet in the BNBChain ecosystem and all the major universal ecosystems.
These are the wallets you can use to stake with Stader today:
- Wallet Connect
- Binance Wallet
- Coinbase Wallet
- Coin98 Wallet
- SafePal Wallet
- Math Wallet
- Trust Wallet
- BitKeep Wallet
- OKX Wallet
- Nabox Wallet
- Coinhub Wallet
We’re working on integrating more wallets as you continue to scale and add more ecosystems on our platform.