Staking · Liquid Staking · ETHx
Stader's ETHx is a non-rebasing Ethereum liquid staking token built on a multi-pool architecture (permissioned + permissionless operators), part of Stader's multi-chain staking stack.
Multi-chain liquid staking infrastructure.
ETHx price
$0.1025
-0.5% 24h
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Multi-chain staking platform with a dual operator-pool design that lowers the bond to run a node.
Stader's Ethereum liquid staking token (ERC-20). Users stake ETH and receive ETHx, which accrues staking rewards while remaining usable across DeFi. Built on a multi-pool architecture combining permissionless and permissioned validator pools.
ETHx routes stake across a permissionless pool (any operator can run a node with reduced collateral) and a permissioned pool (curated operators with proven performance, no collateral). Designed to reduce staking concentration risk, with planned DVT-based pools in a later phase.
Beyond Ethereum, Stader issues liquid staking tokens across multiple PoS chains, including MaticX (Polygon), BNBx (BNB Chain) and HBARx (Hedera), positioning Stader as a multi-chain liquid staking provider.
Stader's governance and utility token. Permissionless ETHx node operators must bond SD (~0.4 ETH worth) alongside 4 ETH of collateral, tying node-operator incentives to the token.
$4,000,000 seed round led by Pantera Capital (announced Oct 7, 2021)
The Block - Stader Labs seed fundingPermissionless ETHx node operators bond 4 ETH plus ~0.4 ETH worth of SD tokens per validator
Stader ETHx rolling beta launch blogHow Stader Labs maps onto established TradFi structures, and where it diverges.
Money-market / cash management fund
Stader Labs
ETHx pools user deposits into a yield-bearing, redeemable instrument whose value accrues over time, similar to how a money-market fund pools cash into short-term yield.
TradFi analogue
ETHx yield comes from Ethereum protocol staking rewards rather than interest-bearing securities; it is non-custodial, on-chain, transferable in DeFi, and exposed to slashing and smart-contract risk rather than credit and rate risk of a regulated fund.
Amitej Gajjala
CEO & Co-founder Co-founder and CEO of Stader Labs; also associated with founding Kelp DAO.
Sidhartha Doddipalli
CTO & Co-founder Co-founder and CTO of Stader Labs, leading its technical and smart-contract development.
Seed
2021-10-07$4M
Key milestones: launches, upgrades, exploits and governance events.
ETHx rolling beta on Goerli testnet
ExecutedStader opened the ETHx rolling beta for permissionless node operators on the Goerli testnet ahead of mainnet, with operators bonding 4 ETH plus ~0.4 ETH worth of SD.
SourceETHx mainnet release
ExecutedETHx went live on Ethereum mainnet as an ERC-20 liquid staking token.
SourceStader Labs is a non-custodial, multi-chain liquid staking platform. It lets users stake PoS assets and receive liquid staking tokens (such as ETHx for Ethereum, MaticX for Polygon, BNBx for BNB Chain and HBARx for Hedera) that keep earning staking rewards while remaining usable in DeFi.
ETHx is Stader's Ethereum liquid staking token, launched on mainnet in July 2023. Staking ETH mints ETHx, which accrues staking rewards and can be deployed across DeFi. It uses a multi-pool architecture spanning permissionless and permissioned validator pools.
ETHx stake is distributed across a permissionless pool, where anyone can operate a node by bonding roughly 4 ETH plus about 0.4 ETH worth of SD tokens, and a permissioned pool of curated operators with a track record who run nodes without collateral. This design aims to decentralize validation and reduce concentration risk.
SD is Stader's governance and utility token. Among other roles, permissionless ETHx node operators must bond SD as part of their operator collateral, aligning operator incentives with the protocol.
Yes. Kelp DAO, the liquid restaking protocol behind rsETH, was founded by the Stader Labs team and launched in December 2023. ETHx is among the assets that can be restaked through Kelp.
