Ethereum and Stader
1. Why should I stake my ETH?
Staking ETH allows you to participate in the Ethereum network's consensus (securing the network) and earn rewards in the form of newly issued Ethereum tokens. It's a way to generate passive income from your current ETH holdings.
2. How does liquid staking offer advantages over simple staking?
Liquid staking provides you with a representative token (like ETHx in the case of Stader) that can be traded or used in DeFi protocols while still earning staking rewards. This significantly enhances the liquidity and utility of your staked assets.
3. Why should I stake with Stader?
Stader is an excellent choice for users looking to leverage decentralized finance (DeFi) opportunities, thanks to its unique features and proven reliability. Here's why you should consider Stader:
Expertise Across Multiple Chains: Stader has demonstrated proficiency in deploying liquid staking solutions across a wide range of blockchains, including Ethereum Virtual Machine (EVM) and non-EVM chains. This extensive expertise allows us to deliver dependable and efficient services regardless of your chosen blockchain platform.
Prioritizing User Safety: At Stader, user safety is our top priority. We conduct comprehensive audits of our smart contracts to ensure their robustness and security, safeguarding against potential risks and vulnerabilities.
Access to the Best DeFi Opportunities: With Stader, users can explore top-tier opportunities in the DeFi landscape. Our liquid tokens consistently offer attractive returns, making Stader an ideal platform for users seeking to maximize their returns in DeFi.
4. How does Stader ensure the security of staked assets?
Stader has implemented robust security measures to safeguard your staked assets. By combining multiple strategies, Stader provides a secure environment for staking, giving users the confidence to invest their assets. Our multi-pronged security approach includes:
Audits by Renowned Firms: Our protocol undergoes thorough audits by leading blockchain security firms such as Sigma Prime, Halborn, and Code4rena. These detailed examinations ensure a high level of safety and security. All audit reports are made publicly accessible upon completion, demonstrating our commitment to transparency.
Bug Bounties: To further enhance platform security, we have introduced a $1 million bug bounty program through Immunefi. This initiative encourages independent security researchers to identify potential vulnerabilities in our systems.
On-Chain Monitoring: In addition to audits and the bug bounty program, we have implemented on-chain monitoring via Forta. This proactive monitoring helps us promptly detect and address potential security issues.
Last updated