Stader ETHx

ETHX

ETHX is a liquid staking token that users receive when they stake their ETH through Stader. It represents the value of their staked ETH plus accrued staking rewards.

Risk Rating
Best
$3,959.36
-2.20%
Summary
What we like
Enables users to to earn staking rewards while retaining liquidity of staked ETH to be deployed across DeFi for additional yield.
What we like less
Greater technical risk around exposure to Stader smart contract risk. ETHX is also less liquid than ETH with less usage across DeFi.
What it means for you
ETHX is a solid instrument to gain exposure to ETH staking rewards with the ability to earn additional yield on top by deploying across DeFi.
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $496.6M
  • Fully Diluted Valluation: $496.6M
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #38
  • Circulating Supply: 125,648
  • Total Supply: 125,648
  • Volume (24H): $441.4K
  • ATH: $4,143.40 (03/13/2024)
  • ATL: $1,537.24 (10/12/2023)
Risk Assessment
Best
Asset Strength

ETHX is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Stader (ETHx), a protocol rated as Good.

Asset Tokenomics

ETHX has an uncapped supply but has inflation control or burn mechanisms in place. ETHX is backed by ETH staked on the Ethereum blockchain. ETHX is redeemable for ETH plus accrued staking rewards following an unstaking queue.

Dependencies

Stader-ETHx

Things to know about ETHX

What is Stader?

Stader is a multichain liquid staking platform for Proof-of-Stake blockchain assets that allows users to stake their asset without needing to lock assets or maintain the required infrastructure. This enables users to continue participating in DeFi activities related to lending and market making.

How does MATICX work?

Users receive ETHX tokens when depositing their ETH into the Stader staking contract. Stader will calculate the current ETHX-ETH ratio (at the time of staking) and send the corresponding amount to the user. The ETHX represents the user's share of the total supply of ETH tokens inside Stader. It is a non-rebase token which means the balance in the user's wallet does not change. Instead, the value of the token changes as Stader earns staking rewards or incurs any penalties. There are no lock-up or minimum deposit requirements when staking through Stader.

How to redeem back for MATIC?

ETH deposited into the Stader staking contract is subsequently delegated across both permissioned and permissionless validators that are part of Stader's multi-pool architecture. Users who wish to unstake must wait for the unstaking queue of 7-10 days. In the meantime, users can always exchange their ETHX for ETH through exchanges that offer liquidity like Curve's ETHX-ETH pool.

ETHX Pools
Curve ETH Market Making
4.1%
Yield
$6M
TVL
Risk
B
Protocol
Curve
Chain
Ethereum
Convex ETH Market Making
3.1%
Yield
$6M
TVL
Risk
B
Protocol
Convex
Chain
Ethereum
Convex ETH Market Making
5%
Yield
$2M
TVL
Risk
B
Protocol
Convex
Chain
Ethereum