Crypto Entrepreneur Who Founded Stader Labs, Amitej Gajjala

Amitej Gajjala is the founder of Stader Labs is a cryptocurrency staking management platform which develops decentralised financial protocols and applications for efficient stake management on public blockchain networks.

Amitej created Stader Labs in order to provide 1 billion or more consumers with long-term staking profits from digital assets. Staking is a strategy of accumulating rewards over time by locking cryptocurrency. Investors who choose to stake their crypto receive synthetic coins as a result of the underlying blockchain’s use of it to validate and safeguard transactions. Stader is a non-custodial, smart contract-based staking platform that makes staking solutions easy to find and use for retailers and institutions.

The company’s two primary products are Stake Pools, which allow users to stake in pre-defined baskets of validators organised by performance, and Liquid Staking, which allows users to earn a liquid token (LunaX) while staking in yield-boosting Defi techniques.

Terra’s blockchains are currently using the company’s product. It intends to create native smart contracts for staking across a variety of blockchains, including Solana, Ethereum, and Polygon. Over the following year, it plans to cover five to six blockchains. It intends to create an economic ecosystem where it can flourish and develop solutions like yield redirection with rewards, liquid staking, launchpads, gaming, and other things.

Amitej’s Stader project aspires to be the staking distribution layer, developing protocols and tools to improve the security, decentralisation, liquidity, and governance of key DPoS blockchain networks such as Ethereum, Terra, Polygon, and Solana.