Unlocking DeFi Opportunities w- Stader- The Future of Multichain Liquid Staking

Decentralised News

Delve into the exciting world of decentralized finance with our comprehensive guide on Stader, the future of multichain liquid staking. This video offers an in-depth look into Stader's non-custodial, smart contract-based liquid staking platform, designed to help you maximize staking rewards while opening up a plethora of opportunities within the DeFi ecosystem.

Transcript

00:00what's up guys welcome back to the channel in today's video we are doing another review of a

00:07liquid staking platform this time we're looking at Stada which is a multi-chain platform in a

00:15smart contract based non-custodial liquid staking platform so its primary objective is to actually

00:23assist you as a user in earning staking rewards all the while providing an easy gateway to actually

00:31explore opportunities within DeFi so the team behind Stada is currently constructing essential

00:39staking middleware infrastructure for a number of proof of stake networks catering to retail

00:46cryptocurrency users and to exchanges and custodians as well if you like this type of content make sure

00:54you hit that like and that subscribe button and don't forget to check out all the links in the

01:00description and also make sure you go to our main site decentralized.news so let's just dive right

01:07into what Stada offers it's pretty much a concept of liquid staking that revolves around the ability

01:15of any given user to pretty much create a token that encapsulates your staked assets so this token

01:24then appreciates in value as the staking reward the rewards actually do pile up and given that

01:31broad acceptance of these tokens in DeFi users can also concurrently secure the network through staking

01:38while participating in other activities so let's talk about the SD token itself it's the

01:45native token for the native token for the staker platform and the token ticker is SD which actually

01:54plays a critical role in the governance of the protocol and also in value accrual within that

02:02ecosystem so SD tokens adhere to the ERC20 standards and they do come with a capped supply limit of a

02:11100 million 150 million tokens so let's talk about what Stada actually tries to do they're striving to

02:19provide that robust and secure liquid staking solution to ensure that the highest level of security is

02:26achieved and the team is also making sure that they have rigorous testing and they're reviewing

02:31procedures on all codes you can check out a lot of their smart contract audits on their actual website

02:39so this is something that's also encouraging when you do see external reputable auditors in the space

02:47really making sure they are rigorously testing that code so SD token like I said is the native governance

02:54token it has a max supply you can go find it on platforms such as KuCoin on Bybit on OKEx and

03:02Wabi, Gate.io, Uniswap and more check out the link in the description to our recommended platforms and

03:09you'll be able to sign up on those and you know trade and invest in SD if you think that it has

03:17some type of value that could potentially mean that the price will go up eventually so let's talk about

03:25this whole concept of it being a multi-chain I did mention that initially so you've got Stada on

03:32the phantom blockchain and it offers a whole lot of different features I'm not going to go into

03:38a lot of that in this video but if you click the link in the description to the actual review

03:43you'll be able to see exactly what I'm talking about and you can also check out how you can actually

03:50obtain the Stada SFTMX token which is Stada on a phantom blockchain it's pretty much easy to

03:59mint it directly through the actual decentralized application it's compatible with Web3 wallets

04:05such as Coinbase or Metamask or Wallet Connect you can also use OKEx wallet alternatively you can also

04:12just use popular DEXs such as Spookyswap, Spiritswap, BeedhovenX all of which we've also reviewed on our

04:21main site if you go check that out so you as a user can pretty much connect your Metamask wallet to the

04:28phantom network to make sure you can make this happen if you want to change your Stada to SFTMX so once you're

04:40connected as you can see in this example here you'll be able to pretty much go to stake it and you'll

04:47also be able to receive that staked issuance of your FTM in the Stada FTMX token and once you've done

04:58that you can also just add the tokens to your actual wallet so you can see them and you can see that it's

05:06also usable in a bunch of yield farming platforms for lending and borrowing and so much more and I

05:14also do touch on the actual use cases of this SD sort of a system within the phantom network also

05:24it is available on Polygon in this article I do touch on that but just to sum up the benefits of

05:31what you can get on the Polygon network that means you are able to have that liquidity via

05:35tokenization the platform does allow you as a user to engage in DeFi activities using the liquid token

05:42itself it's also a user friendly token for just doing simple staking so the design of the actual

05:51dApp itself focuses on user experience making sure staking is easier you can also check out

05:58stada on hydera network so if you know h bar so the stada token is h bar x I do touch on that in

06:07detail check out the link in the description also I do touch on stada on bn uh a bnb chain as well

06:16and on the near block chain and I also get into the types of uh um sort of rewards that you can get

06:24and the benefits for staking on each individual chain if you're interested in learning a little

06:29bit more of the simplified a simplified version of all of these types of concepts I would recommend

06:35you start by downloading my free ebook uh my free download which is at defi-millionaire.com there's

06:43also a link in the description the book is defi millionaire in that I really go into breaking

06:49down the concepts of liquidity provisioning of our yield farming and all of these are the tools that

06:55you can actually implement in order for you to get yield on your digital assets and also make sure you

07:02check out the rest of the links to some of my favorite decentralized exchanges where you can trade

07:08a lot of these types of tokens you can go to MUX protocol apex protocol you can also trade on

07:14uh sin futures or on gains network or on gmx all of those links are in the description don't forget

07:23to join our telegram and our discord server where you can ask questions directly if you want any

07:29feedback or you want a walk through of how you do some of these things then you can always pop us

07:35a message in those community groups other than that guys like share subscribe make sure you hit that

07:42notification bell so you don't miss any other content also suggest what type of videos you'd like

07:47to see on this channel and i will see you guys in the next video peace

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