HBARX
Crypto Overview
Overview
HBARX is a token developed by Stader Labs that represents staked HBAR (Hedera's native token) in their liquid staking protocol. When users stake HBAR through Stader, they receive HBARX tokens in return.
Purpose and Utility
The primary purpose of HBARX is to serve as a liquid staking derivative token. It allows HBAR holders to maintain liquidity while participating in network staking. Each HBARX token represents staked HBAR plus accumulated staking rewards.
Business Model
The business model revolves around liquid staking services on the Hedera network. Users stake their HBAR tokens through Stader Labs' protocol and receive HBARX in return. The protocol automatically compounds staking rewards, increasing the HBAR:HBARX exchange rate over time.
Real-World Adoption
HBARX has gained adoption within the Hedera ecosystem as a liquid staking solution. The token is integrated with various Hedera-based DeFi protocols and can be traded on decentralized exchanges.
Platform Development
Stader Labs maintains active development of their staking infrastructure. The platform regularly releases updates and has undergone security audits to ensure protocol safety.
Token Distribution
HBARX tokens are minted when users stake HBAR and burned when they unstake. The token supply is directly tied to staking activity rather than having a fixed allocation to founders or early investors.
Crypto Impact
To assign a comfort level investing in HBARX from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to HBARX.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.