Stader Labs Raises $12M in Strategic Sale as It Builds ‘Staking as a Service’ Business

Stader Labs Raises M in Strategic Sale as It Builds ‘Staking as a Service’ Business
Staking platform Stader Labs announced Thursday it has closed a $12.5 million private sale led by Three Arrows Capital, valuing the Bangalore-based company at $450 million.Staking is part of the consensus mechanism of Proof-of-Stake (PoS) protocols. Instead of relying on computers solving arbitrary mathematical problems to validate transactions on the blockchain, as is the case with Proof-of-Work, PoS randomly selects those that have staked large amounts of crypto to the chain to be validators.The more staking that occurs on a chain, the more secure the network is. Those that stake their assets are paid interest, in a similar fashion to…