Stader is on an exciting mission to continue expansion to new chains in the next 3-6 months. There are over 100 proof of stake chains to choose from. This decision is key to the future of Stader.
We want our community to help us prioritize and decide which chain Stader should expand to next and why?
A chain that could benefit greatly from stader is algorand. I added a pic of DefiLlama to show indicate the growth itās has this year. Also, I searched and the only liquid staking thatās available is a liquid version only during their governance period. Donāt quote me, but Iām pretty sure. It also has state proofs now, which makes evm compatibility possible. Could be a Huge partnership for stader and algo community. image|290x500
Cosmos its one of the most active chains to develop liquid staking protocols, even more now with the new vision of atom 2.0.
Fierce competivity exists with other protocols like Stride, Quicksilver, Neutron (Lido) and so on but definitely market for more players to get involved with.
Happy to help on that path.
Tech.Cosmos
Isnāt Cardano a built-in liquid staking PoS? Meaning you stake your ADA in a staking pool but the ADA is anyways liquid and available for you to do stuff in DeFi?
āOne term you may have come across is āliquid stakingā. This refers to a problem with some other blockchains whereby the stake associated with a cryptocurrency is ālockedā by the staking process so cannot be used for other purposes, such as voting. This is not a problem with Cardano; the stake is always liquid. Also, there is no ālock inā period before a stake becomes active or that might delay a coin being spent or used in any other way.ā
Interesting. I do have gALGO and to be honest it does feel like Liquid Staking.
But does theunderlying ALGO of gALGO gets staked? Or only locked for governance?
I guess it gets staked, and therefore you can consider gALGO a liquid staking derivative.
I think Algorand, together with Avalanche, Polkadot and Solana, are big chains where Stader will end up building in the next 12-18 months. The million dollar question is which one will come first
Yes! So the only liquid staking I can find on Algorand, is indeed the galgo on folks. However itās used exclusively for the governance period. The algo is locked and the galgo is kind of like a āticketā to use in other places in algo defi. If that makes sense.