Stader Labs Closed $12.5 Million in Private Financing at a $450 Million Valuation Led by Three Arrows Capital

TokenInsight news, Staking Protocol Stader Labs closed $12.5 million in private financing at a valuation of $450 million. The round was led by Three Arrows Capital, with participation from Blockchain com, Accomplice, DACM and others. Stader Labs is a staking platform for PoS network, a protocol that allows users to participate in PoS staking and receive rewards. It is reported that there are currently over 15,000 unique wallet addresses participating in pledges on Stader Labs with a TVL of approximately $500 million. The protocol is currently only deployed on the Terra chain, with plans to expand to multiple chains including Solana, Ethereum, Fantom, Hedera and Polygon.