About Stader

Stader is a non-custodial, smart contract-based staking platform that helps retail and institutions conveniently discover and access staking solutions. In addition to its own platform, Stader's modular smart contracts and staking middleware infrastructure for Proof-of-Stake (PoS) networks can be leveraged for retail crypto users, exchanges, custodians, and mainstream FinTech players.

About Fantom

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.

Stader's liquid staking solution helps to increase network decentralization by spreading stake among more validators. For users facing complexity in managing their delegations and discovering new validators, the staking solution greatly simplifies this process. Before the launch of this project, to secure passive income on Fantom, users have had to choose between staking or seeking out earnings opportunities in Fantom DeFi. But by collateralizing their holdings through liquid staking, users can draw upon the value of FTM to simultaneously do both. Our solution allows users to stake FTM and get a fungible liquid token(sFTMX) back that shows their claim to the underlying staked assets. The sFTMX token can be leveraged on the multiple DeFi opportunities.