Stader Labs
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.
Total staked
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Latest data · 15 min delay
Risks identified
- Smart Contract
ETHx is a set of ERC-20 and staking smart contracts; a bug or exploit in the staking, withdrawal, or reward-accounting logic could lead to loss of user funds despite multiple audits.
- Network
Rewards and principal depend on Ethereum consensus performance. Validator downtime or protocol-level failures reduce staking yield and can trigger penalties.
- Collateral
Underperforming or malicious validators in the permissionless/permissioned pools can be slashed, and node operators' bonded ETH and SD collateral may be insufficient to fully cover losses to ETHx holders in severe scenarios.
- Reserve / Depeg
As a reward-bearing LST, ETHx's secondary-market price can trade below its underlying staked-ETH value during liquidity crunches or withdrawal-queue congestion, exposing holders to depeg risk.
- Governance
Protocol parameters and the SD token are subject to governance decisions; concentrated voting power or governance capture could alter fees, operator requirements, or contract upgrades against holders' interests.