The HBAR Foundation has granted Stader the resources to develop HbarX, the inaugural staking solution empowering HBAR token holders to participate in Hedera network security. This launch marks a pivotal advancement for the Hedera ecosystem, offering users seamless liquidity while staking. Below, we explore the key features, timelines, and security measures of this innovative product.
Stader’s Liquid Staking Solution on Hedera
Stader’s liquid staking protocol transforms HBAR into HbarX, a tradable token representing staked assets. Here’s how it works:
- Users stake HBAR via Stader’s dApp to mint HbarX.
The HbarX:HBAR exchange rate starts at 1:1 and increases as staking rewards accrue, calculated by:
New Exchange Rate = Current Rate + (Rewards Added / Total HbarX Circulation)- Unstaking burns HbarX and returns HBAR at the current rate, ensuring liquidity without lock-up periods.
👉 Discover how liquid staking maximizes your HBAR holdings
Key Benefits
- Liquidity: Trade HbarX while earning staking rewards.
- Transparency: Real-time exchange rate updates.
- Ease of Use: Intuitive dApp interface.
Release Timeline
| Version | Launch Window | Features |
|---------|----------------|------------------------|
| V1 | Early April 2022 | Stake-only functionality |
| V2 | July 2022 | Unstake/withdraw options |
Note: HBAR staked in V1 remains locked until V2 release.
Security Measures
Stader prioritizes fund safety through:
- Third-party audits for V1 and V2 contracts.
- Continuous code reviews pre- and post-launch.
- Multi-signature wallet support for added protection.
Roadmap and Updates
- Wallet Integration: Leading wallets will be supported at launch, with expansions planned quarterly.
- Rewards Structure: Detailed incentives and conditions will be published ahead of V1.
👉 Stay updated on HbarX developments
FAQs
1. Can I trade HbarX immediately after staking?
Yes! HbarX is designed for instant liquidity on supported exchanges.
2. What’s the minimum staking amount?
Details will be announced with V1; expect low barriers to entry.
3. How often are rewards distributed?
Rewards compound continuously, reflected in the HbarX exchange rate.
4. Is there a risk of slashing?
Hedera’s proof-of-stake model does not impose slashing, minimizing risks.
5. When will unstaking be available?
Unstaking launches with V2 in July 2022.
6. How are audits conducted?
Independent firms evaluate smart contracts for vulnerabilities pre-launch.
This guide equips HBAR holders with actionable insights into Stader’s groundbreaking solution. By combining liquidity with staking rewards, HbarX redefines asset utility on Hedera. For further details, explore our resources above or engage with the community forums.