Staking your crypto assets is a fantastic way to earn passive income, but it does come with its own challenges and inconveniences. However, with the introduction of liquid staking derivatives (LSDs), these hurdles can be overcome. Stader is an emerging platform in the realm of LSDs, and they are offering exclusive bonus yield to the Coinsider community.
Stader, as a non-custodial and secure liquid staking platform, supports multiple proof-of-stake blockchains. They have prioritized security, offering higher bug bounties and audited smart contracts. What sets them apart is their partnerships with major DeFi projects, which allows for the acceptance and integration of liquid staking tokens.
Their unique validator selection process ensures better yields for users. Additionally, Stader has its own governance token, SD, which boasts a range of features and benefits. Currently, Stader offers liquid staking for Polygon (MATIC) and BNB, with Ethereum (ETH) staking soon to be available.
With a user-friendly platform and high yields, Stader provides a great option for BNB and MATIC holders looking to stake their assets. Gas fees are also lower on the Polygon network, making it more cost-effective to stake MATIC. If you’re looking to earn passive income from your crypto holdings, Stader is definitely worth considering.
2. What is Staking?
2.1 Definition of Staking
Staking is a process in the world of cryptocurrency where you can earn passive income by holding and validating transactions on a proof-of-stake blockchain network. Instead of mining, where you need powerful hardware, staking allows you to participate in securing the network and earning rewards by simply holding your digital assets in a designated wallet.
2.2 How Staking Works
When you stake your cryptocurrency, you contribute it to the ecosystem and act as a validator. Your holdings are locked up for a specific period, and in return, you receive staking rewards. These rewards can be in the form of additional tokens or increased value in the form of interest on your initial investment.
2.3 Benefits of Staking
Staking offers several benefits for crypto holders. First, it provides a passive income stream. Instead of just letting your assets sit idle, you can put them to work and earn rewards. Second, it helps secure the network and maintain its integrity. By becoming a validator, you contribute to the decentralization and security of the blockchain. Finally, staking is a way to support and participate in the growth of the cryptocurrency ecosystem.
Staking is a great option for crypto holders looking to earn passive income. It offers benefits such as earning rewards, supporting the network, and participating in the growth of the cryptocurrency ecosystem. By understanding the fundamentals of staking and choosing a reliable platform like Stader, you can maximize your earnings and take advantage of this opportunity.
3. Liquid Staking Derivatives (LSDs)
3.1 Overview of LSDs
Liquid staking derivatives (LSDs) are a game-changer in the world of crypto staking. They provide a solution to the hurdles and pain points often associated with traditional staking. LSDs give you a token that represents your staked asset, which can then be used in various DeFi protocols just like the original token. This means you can maximize your earning potential by putting your assets to work in multiple ways.
3.2 Addressing Hurdles and Pain Points
LSDs solve many of the common challenges faced by stakers. With traditional staking, your coins are locked up and unable to be used in other DeFi protocols. Additionally, getting started can be complicated, often requiring a minimum amount of coins and the risk of penalties if your validator makes a mistake. LSDs remove these obstacles, allowing for greater flexibility and ease of use.
3.3 Stader as an LSD Platform
Stader is a leading platform in the liquid staking derivatives space. As a non-custodial platform, they prioritize security by offering higher bug bounties and audited smart contracts. They have also formed partnerships with major DeFi projects to accept and integrate their liquid staking tokens, providing users with a wide range of options. Stader’s validator selection process ensures better yields, and they are continuously working on new features and benefits for their governance token, SD.
By staking with Stader, you can take advantage of their user-friendly platform and high yields. Currently supporting Polygon (MATIC) and BNB, with Ethereum (ETH) staking coming soon, Stader offers a compelling option for holders of these assets. Additionally, staking MATIC on the Polygon network offers lower gas fees, making it even more appealing.
Stader is revolutionizing the staking landscape with their innovative approach to LSDs. Whether you’re a newbie or an experienced staker, Stader’s platform and features make it a promising choice for earning passive income in the crypto space.
4. Stader: The Non-Custodial Liquid Staking Platform
4.1 Introduction to Stader
Stader is an up-and-coming platform in the world of liquid staking derivatives (LSDs), offering a solution to the hurdles and pain points of traditional staking. With Stader, you can stake your crypto assets and earn passive income without the hassle of having your coins locked up.
4.2 Supporting Multiple Proof-of-Stake Blockchains
One of the standout features of Stader is its support for multiple proof-of-stake blockchains. Currently, Stader supports six different chains, with plans to add a seventh soon. This means that no matter which crypto assets you hold, chances are Stader can help you earn yield through staking.
4.3 Emphasis on Security
Security is a top priority for Stader. They offer higher bug bounties than similar projects and have had their smart contracts audited multiple times by top firms. Additionally, they implement special security features such as time block and multi-sig to ensure the safety of your assets.
4.4 Partnerships with Major DeFi Projects
Stader has formed partnerships with major DeFi projects, allowing their liquid staking tokens to be accepted and integrated. This means that you can use your staked assets in various DeFi protocols, expanding the earning potential of your crypto holdings.
4.5 Validator Selection Process
Stader’s validator selection process sets them apart from other platforms. They actively track validator performance and delegate to the best ones, ensuring better yields for their users. This strategic approach optimizes the rewards you can earn from your staked assets.
4.6 The SD Governance Token
Stader has introduced its own governance token called SD. This token comes with additional features and benefits, such as receiving a portion of the protocol fees and offering validators preferential delegation and slashing insurance. Stader has exciting plans in the pipeline for the SD token, making it an asset to keep an eye on.
Stader is a user-friendly and secure platform for liquid staking. Whether you hold BNB, MATIC, or soon ETH, staking with Stader offers high yields and the flexibility to use your staked assets in other DeFi protocols. With the additional benefits of partnerships and a unique governance token, Stader presents a compelling option for crypto holders looking to earn passive income through staking.
Liquid Staking Offering by Stater
Stater is a non-custodial liquid staking platform that supports multiple proof-of-stake blockchains, including Polygon (MATIC) and Binance Coin (BNB). They also have plans to introduce Ethereum (ETH) staking soon. With over $110 million in total value locked and more than 70,000 stakers, Stater has quickly become a popular choice in the liquid staking ecosystem.
Stater aims to provide a user-friendly experience for stakers. Their platform is designed to be intuitive and easy to navigate, making it accessible for both beginner and experienced users. You can stake your assets and receive liquid staking tokens, such as Matic X and BNB X, which can be used in various DeFi protocols. By offering a user-friendly interface, Stater simplifies the staking process and allows users to earn passive income with ease.
Stater offers competitive staking rewards, with close to 5% for Polygon (MATIC) staking and around 4% for Binance Coin (BNB) staking. These high yields make Stater an attractive option for those looking to earn passive income in the crypto space. Additionally, Stater’s unique validator selection process ensures that users can maximize their staking rewards and receive even higher yields compared to direct validator staking.
Integration with DeFi Protocols
A significant advantage of Stater’s liquid staking platform is its integration with major DeFi projects. Stater has partnered with prominent DeFi platforms to accept and integrate their liquid staking tokens. This integration allows users to utilize their staked assets in a wide range of DeFi protocols, enabling them to earn additional yield and explore a diverse ecosystem within the crypto space.
Suitable for BNB and MATIC Holders
If you hold Binance Coin (BNB) or Polygon (MATIC), staking with Stater is a great option to earn passive income. Stater provides a hassle-free and secure way to stake these assets, allowing holders to participate in the staking ecosystem and benefit from the attractive staking rewards offered.
Future Availability of ETH Staking
Stater has plans to introduce Ethereum (ETH) staking on their platform, which will provide a significant opportunity for ETH holders to earn passive income. With the demand for liquid staking tokens on Ethereum, Stater’s ETH staking offering will help unlock the potential of DeFi at scale for ETH holders.
Stater’s liquid staking platform offers support for multiple cryptocurrencies, a user-friendly interface, high yields, integration with DeFi protocols, and is suitable for BNB and MATIC holders. With the future availability of ETH staking, Stater continues to expand its offerings, providing a comprehensive solution for those looking to earn passive income in the crypto space.
6. Lower Gas Fees on the Polygon Network
6.1 Understanding Gas Fees
When it comes to crypto transactions, gas fees can be a major pain point. Gas fees are the fees you pay for using the network to process your transactions. They can vary greatly depending on the congestion of the network and the type of transaction you are performing.
With traditional staking on the Ethereum network, gas fees can be quite high, making it less appealing for small-scale investors. However, with liquid staking derivatives on the Polygon network, the gas fees are significantly lower.
6.2 Advantage of Staking MATIC on Polygon
Staking MATIC on the Polygon network offers several advantages, with lower gas fees being one of the key benefits. By staking MATIC on Polygon with Stader, you can enjoy reduced transaction costs and save on fees that would otherwise eat into your staking rewards.
The lower gas fees on the Polygon network make it more accessible for small investors to participate in staking and earn passive income. This opens up opportunities for a wider range of individuals to benefit from crypto staking and enjoy the potential for higher overall yields.
So, if you’re looking to stake your crypto assets and maximize your passive income, consider choosing Stader on the Polygon network. With lower gas fees and a user-friendly platform, staking MATIC has never been easier or more profitable.
In conclusion, staking is a fantastic way to earn passive income in the world of crypto. However, traditional staking methods often come with hurdles and pain points that can make the process complicated and less rewarding. This is where liquid staking derivatives (LSDs) like Stader come into play, addressing these issues and offering a more user-friendly and flexible alternative.
Stader is an up-and-coming non-custodial liquid staking platform that supports multiple proof-of-stake blockchains. They prioritize security, with thorough auditing of their smart contracts and partnerships with top security firms. Moreover, they have collaborations with major DeFi projects, allowing users to seamlessly integrate their liquid staking tokens into various protocols.
With Stader, not only can you stake popular cryptocurrencies like BNB and MATIC, but they also have plans to offer Ethereum staking in the near future. This means that whether you hold ETH, BNB, or MATIC, Stader provides an attractive option for earning passive income.
Additionally, using Stader comes with benefits such as higher yields, lower gas fees on the Polygon network, and the opportunity to participate in their governance through their SD token.
Overall, Stader offers a user-friendly platform with high yields, making it a promising choice for anyone looking to earn passive income through staking.