Stader (BNBx)

Liquid Staking

Stader is a non-custodial, multichain staking platform. BNBx is Stader's liquid staking solution for BNB on the BNB Chain.

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What we like
Stader abstracts away the challenges and risks around maintaining staking infrastructure by allowing users to delegate their BNB to professional node operators.
What we like less
Staking with Stader assumes greater security risks as the underlying smart contracts may be exploited. The treasury for Polygon BNBX is also controlled by a limited 2/3 multisig.
What it means for you
Stader's liquid staking protocol offers you a great way to stake your BNB and earn rewards for securing the BNB Chain while remaining liquid with BNBX.
  • Website
  • Token: SD
  • Tags: Liquid Staking
Key Metrics
  • TVL: $107.2M (Rank #48)
  • TVL Ranking by Liquid Staking: #7
  • Blockchain: Ethereum, Hedera, Binance, Near, Fantom, Terra2
  • Chain TVL
    • Ethereum: $63.44M
    • Hedera: $22.4M
    • Binance: $10.74M
    • Near: $5.19M
    • Fantom: $4.96M
    • Others: $460.33K
Risk Assessment
Watch Out
Protocol Code Quality
  • Code reviewed by several experienced auditors including Halborn and PeckShield
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched recently in 2022; maturity less than six months increases technical risk as smart contracts are not battle-tested
  • Top 20% by total value locked slightly reduces risk
  • Governance decentralization is in the roadmap
  • At least one critical governance issue documented
Protocol Design
  • No concerns identified
Things to know about Stader (BNBx)

How Stader (BNBx) works

Stader allows users to earn staking rewards without locking assets or maintaining staking infrastructure. Users deposit their BNB into Stader's smart contracts and receive BNBX in return which represents the value of the user's staked BNB along with any staking rewards accrued or penalties inflicted on validators. Users can withdraw or redeem their BNBX back for their original BNB at any time.

How Stader (BNBx) makes money

Stader generates revenue by charging a 10% fee on the staking rewards earned by depositors. This fee is used for upgrading the protocol's staking infrastructure to improve the quality of products for users.

How you make money on Stader (BNBx)

Passive BNB holders can generate additional yield by participating in the PoS validation mechanism to earn block rewards. The unlocked liquidity with BNBX can also be used on a number of popular DeFi protocols to generate additional yield.

Stader (BNBx) Pools