Stader Launch Details Revealed

We know that you are eagerly awaiting further details regarding Stader Community farming and launch. While we are working round the clock to bring you the best staking experience on Terra, we wanted to share a few details about the farming and launch:

1. Stader November Launches
2. Guarded Launch for 1 Week (starting 20th November)
3. Audit and Internal Testing

1. Stader November Launch

As mentioned in our earlier posts, Stader is launching two products in November with a Community Farming event that is applicable to both.

1. Plain staking with 3 Validator pools, Auto-compounding rewards & 1-click Airdrops on 20th Nov (All the details discussed here are about this launch)
2. Liquid staking token on LUNA towards the end of November (details will be revealed soon)

During farming, our early adopters have a chance to farm SD tokens starting at an exclusive price of $0.43. You can learn more about how you can farm SD tokens and own a piece of the Stader platform here.

2. Guarded Launch with Caps

Safety & Security of users’ funds is of utmost importance to us. Hence we are doing a guarded launch which means:

1. We systematically monitor the contracts & increase our TVL limits quickly in a phased manner (2 phases)
2. In addition to the protocol-level cap, there is a user level cap of 20,000 Luna for phase 1 and 100, 000 Luna for phase 2.
3. When the max cap is reached for the phase, there is a No-deposit period for 3 days. Our dev team will thoroughly assess the entire system to ensure that everything is operating as intended.

Once we have assessed everything, we will open up the cap & users can deposit again till the next cap is reached.

Table below summarises the details about the phase-wise caps:

The caps don’t affect the Swapping of SD tokens in the Community Farming, your rewards continue to get swapped with SD tokens if you have staked with us.

3. Audit and Internal Testing

To ensure safety and security, we have engaged two independent and renowned audit firms to review our smart contracts. We have implemented their suggestions and recommendations. While the auditors are reviewing our final fixes, we will share further details over the next few days.

Internally, the Stader team has been rigorously testing the smart contracts over the past two weeks to ensure highest levels of security & performance. We are extremely confident of the performance and safety of our contracts.

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For any question, please email us at amitg@staderlabs.com.