Stader Labs has raised $4 million in seed funding from a pool of investors led by Pantera Capital.
India based crypto staking platform Stader Labs today announced closing a Seed Funding Round.
The total amount raised from investors is $4 million.
Stader Labs is currently deployed on the Terra testnet. It is also building an MVP on Solana.
The project aggregates different staking solutions such as conventional staking, liquid staking, derivatives, gaming and high-yield strategies. Also, it helps delegators discover and choose optimal staking opportunities with “unprecedented ease”.
Participants of the Funding Round
The funding round saw investors from different segments of the industry – venture capital funds, entrepreneurs, and blockchain projects.
The round was led by Pantera Capital, and also saw participation from Coinbase Ventures, True Ventures, Jump Capital, Huobi Ventures, TerraForm Labs, Solana Foundation, Near Foundation, and other major investors.
The participating angel investors and entrepreneurs were Jaynti Kanani (CEO, Polygon), Nemil Dalal (Head of Crypto, Coinbase), Sumit Gupta (CEO, CoinDCX), Aniket Jindal (COO, Biconomy), Matt Batsinelas (Partner, Triblock), Harsh Rajat (CEO, EPNS), etc.
With the funds, the project is going to improve its product development and expand the platform to multiple blockchains. Furthermore, it will be looking to attract a global crypto audience by upping the ante on its marketing efforts.
It also plans to build native smart contracts for staking on multiple blockchains including Near, Polkadot, Ethereum, Polygon etc.
Moreover, it aims to cater to exchanges and mainstream fintech apps by offering end-to-end staking solutions to tap the segment of retail crypto investors.
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