Key points to remember

• Stader Labs raised $12.5 million in a funding round led by Three Arrows Capital.
• Stader allows Terra users to stake LUNA and earn rewards while keeping their tokens liquid.
• Solana is the next chain on which Stader plans to roll out its contracts, with Ethereum-enabled chains such as Fantom arriving later this year.

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Stader Labs raised $12.5 million in a strategic funding round led by Three Arrows Capital. The latest increase values ​​the company at $450 million.

Stader Labs gets $12.5 million

A new staking platform is making waves on Terra.

Bangalore-based staking infrastructure platform Stader Labs on Thursday announced the completion of its latest round of strategic funding, raising $12.5 million from several venture capitalists and angel investors.

Su Zhu and Kyle Davies’ Three Arrows Capital led the rise, while Blockchain.com, GoldenTree Asset Management and Anchor Protocol’s Matt Cantier also participated. Stader Labs previously raised $4 million in October from Pantera Capital, Coinbase Ventures, and Jump Capital, among others.

Stader Labs is a staking infrastructure platform that helps retail and institutional investors access staking solutions. In November, Stader launched on Terra and has since amassed over $222 million worth of LUNA tokens in its liquid staking contracts and liquidity pools.

DeFi users can deposit their LUNA tokens into Stader staking pools to earn autocompose rewards while receiving airdrops from other Terra DeFi protocols such as Anchor and Mirror. Stader also offers liquid staking pools where users can trade LUNA for LUNAX, which can be used in DeFi strategies to earn yield.

A representative from Stader Labs told Crypto Briefing about the impact of its liquid staking contracts, stating:

“The biggest impact of liquid staking on Terra is that it further improves decentralization by delegating to multiple small, high-performing validators. By extending the amounts delegated to smaller validators, the entire ecosystem is less centralized and therefore more secure against the risks of centralization.

While Stader currently only offers staking services on Terra, the company plans to use the money from its latest raise to expand to other networks. Solana is expected to be the next chain Stader will launch on, with support for Ethereum-enabled chains such as Fantom and Polygon coming in Q2 2022.

Over the past few months, the Terra ecosystem has grown rapidly. Astroport, a next-generation decentralized exchange, launched on Terra in December, bringing more liquidity to the network. Terra has since become the second largest DeFi network behind Ethereum, currently holding over $18.7 billion in total value locked.

With the launch of more advanced staking infrastructure from Stader Labs, Terra is expected to continue growing in 2022.

Disclosure: At the time of writing this article, the author owned LUNA, ETH, SOL, FTM and several other cryptocurrencies.

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