Article Summary, Automatically Generated By AI
Summary
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About Stader:
Non-custodial, smart contract-based staking platform for retail and institutions. -
About Fantom:
Fast, scalable, and secure layer-1 EVM-compatible platform. -
Stader’s liquid staking solution:
- Increases network decentralization by spreading stake among more validators.
- Simplifies delegation management and validator discovery for users.
- Allows users to stake FTM and receive a fungible liquid token (sFTMX) representing their claim to underlying staked assets.
- sFTMX token can be used in multiple DeFi opportunities.
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About Stader sFTMX: Unlocking the Potential of Staked Assets
About Stader: Stader is a pioneering, non-custodial staking platform built upon smart contracts, designed to facilitate seamless access to staking solutions for both retail investors and institutional clients. Beyond its proprietary platform, Stader’s modular smart contracts and staking middleware infrastructure, tailored for Proof-of-Stake (PoS) networks, can be leveraged by a diverse range of stakeholders, including retail crypto users, exchanges, custodians, and mainstream FinTech players.
Fantom is a cutting-edge, high-performance layer-1 platform, boasting EVM compatibility and a permissionless aBFT consensus protocol. Its exceptional speed, minimal transaction costs, and impressive throughput render it an ideal choice for DeFi applications and real-world use cases.
Stader’s innovative liquid staking solution fosters enhanced network decentralization by distributing stake across a broader range of validators. For users grappling with the complexities of delegation management and validator discovery, our staking solution significantly streamlines this process. Prior to the launch of this project, securing passive income on Fantom necessitated a choice between staking and exploring earnings opportunities in Fantom DeFi. However, by collateralizing their holdings through liquid staking, users can now simultaneously tap into the value of FTM to achieve both objectives. Our solution enables users to stake FTM and receive a fungible liquid token (sFTMX) that represents their claim to the underlying staked assets. The sFTMX token can be leveraged across multiple DeFi opportunities, unlocking a world of possibilities.