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Stader Labs

Stader Labs

Stader Labs is a cryptocurrency staking management platform.

Cryptocurrency, Financial Services

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Basic Information

Founded in April 2021 by Sidhartha Doddipalli and Amitej Gajjala, Stader Labs focuses on cryptocurrency staking management by building decentralised financial protocols and applications for efficient stake management on public blockchain networks. Staking is a way of earning rewards for holding certain cryptocurrencies, similar to depositing money in a bank, in that an investor locks up their assets and in exchange earns rewards or interest. Stader Labs plans to accelerate product development across multiple blockchains and marketing efforts geared toward a global crypto audience. The company’s product is currently in use on Terra’s blockchains and it is building an MVP on Solana. It plans to build native smart contracts for staking on multiple blockchains including Near, Polkadot, Ethereum, and Matic. It is aiming to cover five to six PoS blockchains in 2022.

Legal Name

:

STADER LABS

Headquarters

:

Singapore, Singapore, Singapore

Founding Date

:

2021

No. of Employees

:

<10

Core Team

:

1.

Amitej Gajjala

Founder

2.

Sidhartha D

Co-Founder

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Funding

Total Funding

$4.0M

Investors

:

1.

Pantera Capital

Detail Round Breakdown

Round 1

$4M

Series Name

:

SEED

Date

:

7th Oct 2021

Investors

:

1.

Pantera Capital

2.

Coinbase Ventures

3.

True Ventures

4.

Jump Capital

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