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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.