Stader ETHx
Crypto Overview
Purpose and Utility
Stader ETHx (ETHX) is a liquid staking derivative token representing staked ETH in the Stader protocol. When users stake ETH through Stader, they receive ETHx in return, which represents their staked position and can be used in DeFi applications while earning staking rewards.
Business Model
The protocol operates by allowing users to participate in Ethereum staking without directly running validator nodes. Users deposit ETH and receive ETHx tokens that appreciate in value as staking rewards accumulate. The primary revenue model comes from taking a percentage of staking rewards.
Real-World Adoption
Stader Labs has secured partnerships with multiple DeFi protocols and has significant total value locked (TVL) in their staking system. The ETHx token is actively used in various DeFi applications as collateral and for yield optimization.
Platform Development
The project maintains active development with regular updates to their staking infrastructure and security measures. They have undergone multiple security audits and maintain transparent documentation of their systems.
Token Distribution
The ETHx token is minted when users stake ETH and burned when they unstake, maintaining a 1:1 relationship with staked ETH plus accumulated rewards. There is no pre-mine or founder allocation of ETHx tokens specifically.
Crypto Impact
To assign a comfort level investing in Stader ETHx 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 Stader ETHx.
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.