Stader Labs
Stader Labs operates a non-custodial, multi-chain liquid staking protocol that lets users stake ETH, MATIC, and HBAR and receive liquid tokens (ETHx, MaticX, HBARx) usable across 40+ DeFi protocols, serving retail crypto holders, professional node operators, and institutional exchanges and custodians.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Stader Labs does
Stader Labs operates a non-custodial, smart contract-based liquid staking platform that enables users to stake native tokens on multiple Proof-of-Stake blockchains and receive tokenized representations — ETHx for Ethereum, MaticX for Polygon, and HBARx for Hedera (with BNBx historically on BNB Chain, now being sunset in 2026). Users retain full custody of their assets, earn auto-compounded staking rewards, and can deploy the liquid staking tokens across 40+ DeFi protocols (Aave, Curve, Balancer, Convex, Aura, Beefy, Enzyme) or bridge them to Layer 2 networks via Chainlink CCIP, Stargate, and Transporter. The protocol architecture has been audited by Sigma Prime, Halborn, Peckshield, OtterSec, Code4rena, ImmuneBytes, and BailSec, with a $1M Immunefi bug bounty. The ETHx Node Operator Program reduces the Ethereum validator bond from 32 ETH to 4 ETH, enabling 296 operators to earn ~50% higher returns on validator capital.
The business model layers four revenue streams on top of zero retail platform fees: protocol fees on validator yields, validator bonding economics from node operators, revenue share from DeFi integrations, and a 'Rewards API for Institutions' licensing staking infrastructure to centralized exchanges and custodians. Go-to-market is product-led growth via a self-serve web app where users connect crypto wallets directly without account registration, supplemented by content marketing, Discord/Telegram community engagement, and distribution partnerships with exchanges (OKX, Huobi, KuCoin, Gate.io, Crypto.com, Bybit) and institutional custodians (Anchorage, BitGo, Ledger). Customer segments span retail crypto holders (primary), crypto exchanges and custodians (institutional), and professional node operators. The company is venture-backed with $16.5M raised across a $4M seed (Pantera Capital, Oct 2021) and a $12.5M private sale led by Three Arrows Capital (Jan 2022) at a $450M post-money valuation; the legal entity is Stakeinfra Technologies Inc. (USA), with operations headquartered in Singapore and a headcount of 1-10.
Stader Labs firmographics
Firmographics- Name
- Stader Labs
- Legal name
- Stakeinfra Technologies Inc.
- Website
- https://staderlabs.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Stader Labs operates a non-custodial, multi-chain liquid staking protocol that lets users stake ETH, MATIC, and HBAR and receive liquid tokens (ETHx, MaticX, HBARx) usable across 40+ DeFi protocols, serving retail crypto holders, professional node operators, and institutional exchanges and custodians.
- Ownership category
- akta.pro rank
Stader Labs industry classification
Industry- Product category
- Liquid Staking Platform
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Staking-as-a-Service Platforms (Non-Custodial) (FSADAHAF)
- akta.pro secondary industry
- Staking Pools & Delegation Platforms (FSADAOAJ)
Keywords
Where Stader Labs is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Stader Labs business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Protocol Fees: Fees charged for staking services provided through the platform's smart contracts
- DeFi Integration Revenue Share: Revenue generated from integrations with DeFi protocols where liquid staking tokens can be deployed for additional yield opportunities
- Node Operator Fees: Fees from node operators who use Stader's infrastructure to run validators with lower bond requirements (4 ETH per validator vs 32 ETH for solo staking)
- Rewards API for Institutions: Stripe for crypto rewards - APIs provided to crypto exchanges and institutions to power Earn programs with no counterparty risk
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free liquid staking with gas fees only |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Stader Labs product offering
Product offeringCore offering
Stader Labs operates a non-custodial, smart contract-based liquid staking platform that enables users to stake crypto assets on multiple Proof-of-Stake networks (Ethereum, Polygon, Hedera, BNB) and receive liquid staking tokens (ETHx, MaticX, HBARx) that accrue staking rewards while remaining usable across 40+ DeFi protocols. The platform also provides a Rewards API for crypto exchanges, custodians, and wallets to offer staking-as-a-service without counterparty risk, plus an SD Utility Pool and node operator program for protocol participation.
Product overview
Stader Labs operates as a multi-chain liquid staking platform offering non-custodial staking infrastructure across Proof-of-Stake networks. The core platform provides liquid staking through tokenized representations of staked assets: ETHx for Ethereum, MaticX for Polygon, and HBARx for Hedera. Users receive liquid tokens that accrue auto-compounded staking rewards while maintaining DeFi utility. The ecosystem includes SD (governance token), the SD Utility Pool for delegating to node operators, ETHx Vaults for leveraged staking strategies, and cross-chain bridging via Chainlink CCIP. The platform previously supported BNBx but is sunsetting it in 2026 to focus on high-impact ecosystems.
Differentiator
Problem solved
Functional benefit
Brands
- ETHx: Liquid staking token for Ethereum (ETH)
- MaticX
- HBARx
- BNBx
Products and services
- Liquid Staking Platform Non-custodial, smart contract-based multi-chain liquid staking platform that enables users to stake Proof-of-Stake crypto assets and receive composable liquid staking tokens usable across DeFi.
- ETHx Liquid staking token for Ethereum (ETH) representing staked ETH that accrues staking rewards; redeemable and usable across 40+ DeFi protocols. Positioned at approximately 115,137 ETH staked, $189M TVL, and ~2.28% APY.
- MaticX Liquid staking token for Polygon (MATIC) that represents staked MATIC, accrues staking rewards, and remains composable across DeFi protocols on the Polygon network.
- HBARx Liquid staking token for Hedera (HBAR) that represents staked HBAR, accrues native staking rewards, and can be used across Hedera DeFi.
- SD Utility Pool Staking pool for the protocol's native SD token that lets holders participate in protocol governance/utility and earn rewards tied to Stader's activity.
- Rewards API for Institutions White-label staking-as-a-service API for crypto exchanges, custodians, and wallet platforms to offer Proof-of-Stake staking yields to their end users without taking on validator operational or counterparty risk.
- Node Operator Program Program that lets independent validator operators run validators on behalf of the Stader protocol, posting a 4 ETH bond (vs. the 32 ETH solo-staking requirement) in exchange for a share of protocol fees.
Quantifiable outcome
- Users can earn staking rewards while using liquid tokens in 40+ DeFi protocols
- +2 more outcomes
Companies that use Stader Labs
Customer profileSegments4 records
Ideal customer profiles3 records
Stader Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration19 records
Feature5 records
Stader Labs partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, major and minor.
- LedgercoreHardware wallet integration partner enabling secure storage of staking assets and liquid tokens.
- AavecoreDeFi lending protocol integration allowing users to supply liquid staking tokens (ETHx, MaticX) for additional yield and borrowing opportunities.
- Curve FinancecoreDecentralized exchange integration for liquidity pools featuring ETHx-ETH and ETHx-wstETH pairs.
- BalancercoreDEX integration for ETHx liquidity pools and SD token pools on Ethereum and Polygon.
- AnchoragemajorInstitutional crypto custody platform integration for secure storage of staked assets.
- BitGomajorInstitutional custody solution partner for secure asset management.
- Convex FinancecoreYield optimizer integration allowing ETHx-ETH LP positions to earn boosted CRV rewards.
- Aura FinancecoreYield optimizer on Arbitrum for ETHx-wstETH liquidity pool positions.
- ChainlinkcoreChainlink CCIP integration for secure cross-chain token transfers and Price Feeds for accurate asset pricing.
- AAVEcore$87.36M supplied on Aave V3; users can supply ETHx as collateral for borrowing.
- OKXmajorExchange partner for listing liquid staking tokens and enabling staking services.
- HuobimajorExchange partner for liquid staking token listings.
- KuCoinmajorExchange partner for staking token availability.
- Gate.iomajorExchange partner for staking token listings.
- Crypto.commajorExchange partner for liquid staking services.
- BybitmajorExchange partner for staking token availability.
- Beefy FinancecoreYield aggregator integration for auto-compounding ETHx and MaticX vault strategies.
- QuickswapcorePolygon DEX integration for MaticX-Matic liquidity pools.
- SwissborgminorCrypto wealth platform offering staking services to users.
- FrontiermajorPartnership focused on community role in ETH decentralization; Frontier wallet integration.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Stader Labs competitors and assessment
Company assessmentDirect peers
- Lido Finance: Lido is the dominant Ethereum liquid staking protocol (stETH) and the closest direct competitor. Both offer non-custodial staking with tokenized LSTs (stETH vs ETHx), target similar retail and institutional users, and pursue DeFi integrations across Curve, Aave, and Balancer.
- Rocket Pool: Rocket Pool is a decentralized Ethereum liquid staking protocol with a 16 ETH bond requirement. It directly competes with Stader's ETHx for retail stakers and node operators seeking lower bond thresholds and yield-bearing rETH vs ETHx.
- Ankr: Ankr is a multi-chain liquid staking and RPC infrastructure provider offering LSTs across Ethereum, Polygon, BNB, Fantom, and Avalanche. Highly comparable as another multi-chain staking middleware with similar chain coverage (Ankr pre-dated Stader in several chains).
- Marinade Finance: Marinade is a non-custodial liquid staking protocol on Solana offering mSOL. Directly comparable as a non-custodial smart contract-based liquid staking protocol serving a specific PoS chain with delegation mechanics similar to Stader's approach.
- Jito Foundation: Jito is the dominant Solana liquid staking protocol (jitoSOL) combining MEV-enhanced validator rewards with LST issuance. Comparable liquid staking architecture adapted to a specific PoS chain, comparable to how Stader tailors per-chain LSTs.
Broad incumbents
- Coinbase Staking: Coinbase offers staking services through its exchange and is a Stader investor via Coinbase Ventures. Functions as both an investor and a broad incumbent staking provider; competes via custodial, exchange-integrated yield rather than non-custodial LSTs.
- Figment: Figment is the largest institutional non-custodial staking provider and participated in Stader's $12.5M round. Comparable as a multi-chain institutional staking infrastructure provider; an overlapping supplier to custodians and exchanges via API/white-label integrations.
Emerging players
- Frax Finance: Frax Finance operates frxETH, a liquid staking derivative on Ethereum with frxETH validators. Comparable as an LST issued by a DeFi protocol pursuing both staking yield and DeFi utility, similar to ETHx.
- EigenLayer: EigenLayer pioneered Ethereum restaking, enabling staked ETH (including LSTs like ETHx) to secure additional services. Directly intersects with Stader because ETHx can be restaked via EigenLayer, representing an emerging yield vector on top of staking rewards.
Others
- Beefy Finance: Beefy is a yield aggregator integrating ETHx and MaticX into auto-compounding vaults. Adjacent ecosystem participant that amplifies the utility and reachable yield for Stader's LSTs rather than competing directly.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Stader Labs social profiles
Digital presenceStader Labs compliance and trust
Trust signalCompliance8 records
Stader Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stader Labs leadership team
Management profileNumber of profiles
Profiles2 records
Stader Labs funding detail
Funding detailFunding overview
Funding rounds3 records
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stader Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stader Labs
What does Stader Labs do?
Stader Labs operates a non-custodial, smart contract-based liquid staking platform that enables users to stake crypto assets on multiple Proof-of-Stake networks (Ethereum, Polygon, Hedera, BNB) and receive liquid staking tokens (ETHx, MaticX, HBARx) that accrue staking rewards while remaining usable across 40+ DeFi protocols. The platform also provides a Rewards API for crypto exchanges, custodians, and wallets to offer staking-as-a-service without counterparty risk, plus an SD Utility Pool and node operator program for protocol participation.
Is Stader Labs a public or private company?
Stader Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Stader Labs founded?
Stader Labs was founded in 2021. It employs 1 to 10 people.
Where is Stader Labs based?
Stader Labs is headquartered in Singapore, Singapore, in the Asia region.
How does Stader Labs make money?
Four revenue lines are on record. Protocol Fees are the primary driver. The others are deFi Integration Revenue Share, node Operator Fees and rewards API for Institutions.
Who are Stader Labs's main competitors?
Direct peers on record are Lido Finance, Rocket Pool, Ankr, Marinade Finance and Jito Foundation. Broad incumbents are Coinbase Staking and Figment. Emerging players are Frax Finance and EigenLayer. Beefy Finance is listed as an others.
Does Stader Labs have an API?
No public API is recorded for Stader Labs.
What industry is Stader Labs in?
Stader Labs's product category is Liquid Staking Platform. Its primary akta.pro industry code is FSADAHAF, Staking-as-a-Service Platforms (Non-Custodial), with a secondary code of FSADAOAJ, Staking Pools & Delegation Platforms. Its NAICS code is 525 and its SIC code is 6200.