Stader Labs collaborates with Coinbase Cloud on liquid staking solution
November 29, 2022
Coinbase Cloud is excited to support Stader Labs in driving innovation and unlocking liquidity and DeFi opportunities for staked assets.
Stader Labs is a multi-chain liquid staking platform building decentralized protocols and applications to let users experience the benefits of liquid staking on public blockchain networks. Through Stader Labs, users can stake their tokens, get a receipt token in return, and put that to work in DeFi without being subject to the protocol’s unbonding periods.
With liquid staking, token holders have more opportunities to participate in the crypto economy without experiencing the constraints of locking up their tokens. Stader Labs aims to bring this ease and convenience to all token holders. Users can start staking in a few clicks, with benefits like instant liquidity, DeFi integrations, auto compounding, and more to help users maximize crypto rewards on their native tokens. Stader is currently live on several networks, with 24K+ users and a current total value locked (TVL) of ~130m USD. Coinbase Cloud is one of the key infrastructure providers across various chains.
Challenge: Solving the inefficiencies in DeFi
Users staking their assets across blockchains today experience a number of drawbacks: lack of liquidity, capital inefficiency (needing to choose between DeFi and staking), low yield, and operationally intensive compounding of returns. Solving these pain points requires building reliable and secure tools that bring users the benefits of liquid staking in an accessible way. To ensure Stader Labs can provide these staking solutions to their customers, it needs validators with a trusted and proven track record.
Solution: Unlocking liquidity, high capital efficiencies and yields
Stader aims to solve these inefficiencies by providing a liquid staking token which is widely integrated in the DeFi ecosystem to provide instant liquidity, high capital efficiency and yields. Additionally, Stader's solution reduces the operational burden of staking for users by auto-compounding yields. Coinbase Cloud’s staking infrastructure powers leading crypto products and exchanges today and is able to provide the high-performance and reliability needed for its solutions.
“Coinbase Cloud is one of the key infrastructure providers across various chains and a major player in the ecosystem. Working with Coinbase Cloud will enable Stader to increase its market presence and reach new customer segments.” - Amitej Gajjala, Founder, Stader Labs
As the DeFi ecosystem continues to grow, it becomes increasingly important for users to have tools that help users participate across networks. Stader’s liquid staking solutions provide users with liquid staking tokens that can be used across various DEXs.
“It's been a pleasure working with Stader Labs and providing our enterprise-grade infrastructure to help unlock liquidity and DeFi opportunities for staked assets. In addition, Coinbase Cloud is aligned with Stader's vision for expansion across other blockchains and driving innovative solutions forward with the users' interests top of mind.” - Harry Alford, Senior Cloud Sales Specialist, Coinbase Cloud
To stake and participate in DeFi using Stader Labs, visit staderlabs.com.
To learn more about working with Coinbase Cloud to build your solution, contact us.
This document and the information contained herein is not a recommendation or endorsement of any digital asset, protocol, network, or project. However, Coinbase may have, or may in the future have, a significant financial interest in, and may receive compensation for services related to one or more of the digital assets, protocols, networks, entities, projects, and/or ventures discussed herein. The risk of loss in cryptocurrency, including staking, can be substantial and nothing herein is intended to be a guarantee against the possibility of loss. Reward rates listed herein are estimates, are not guaranteed and are set by the protocol and remain subject to change. Actual rate of rewards earned may vary significantly and may be zero. This document and the content contained herein are based on information which is believed to be reliable and has been obtained from sources believed to be reliable, but Coinbase makes no representation or warranty, express, or implied, as to the fairness, accuracy, adequacy, reasonableness, or completeness of such information, and, without limiting the foregoing or anything else in this disclaimer, all information provided herein is subject to modification by the underlying protocol network. Any use of Coinbase’s services may be contingent on completion of Coinbase’s onboarding process and is Coinbase’s sole discretion, including entrance into applicable legal documentation and will be, at all times, subject to and governed by Coinbase’s policies, including without limitation, its terms of service and privacy policy, as may be amended from time to time.
