Stader Labs announce $12.5 million strategic raise, receives praise from Terra founder Do Kwon

Stader Labs is a crypto company that builds decentralized finance products or DeFi. It announced Thursday that it had raised $12.5 million through a private sale. Three Arrows Capital led the funding round with additional participation by Accel, Amber and 4RC as well as anger investors. Staber Labs now has a value of $450 million.

Amitej Gajila, CEO at Stader Labs, made the following comment about the development:

This capital will be used strategically to accelerate cross-chain expansion and to support our growing ecosystem third-parties that are developing staking apps with decentralized Stader infrastructure.

Two of Stader Labs core products are Liquid Staking and Stake Pools. Stake Pools allow institutional and retail investors to receive staking rewards by placing validators in predefined baskets that are grouped according to performance. Liquid Staking is a way for users to earn liquid tokens (LunaX), which can be used to deposit into other DeFi protocols to increase yields. It is a derivative token of the original token, which can lead to compounded benefits and compounded risk.

Kyle Davies, cofounder of Three Arrows Capital says that there are currently over 15,000 wallets staking on Stader Labs. The total value of these wallets is approximately $500 million. Its protocols were launched in November.

Stader Labs currently supports staking on Terra (LUNA), but plans to expand to Solana(SOL), Ethereum, Fantom and Hedera as well as Polygon (MATIC). Do Kwon is the founder and CEO of Terra.

These tools will help Stader get closer to its vision of being the easiest and most safe non-custodial stake platform — and a core ally for the future financial industry thanks to its embedded layer-one decentralization.

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