Stader Labs is a multi-chain liquid staking platform that provides a secure and efficient way to earn staking rewards while maintaining asset liquidity. It was launched in 2021 and has since extended its services across several major blockchain networks, including Hedera where it offers a liquid staking solution centered around the HBARX token.
When users stake HBAR tokens through Stader's platform, they receive HBARX, a liquid token representing their staked HBAR. This mechanism allows HBAR holders to continue participating in the DeFi ecosystem with HBARX, engaging with protocols including SaucerSwap and HeliSwap for additional yield opportunities, while still accruing staking rewards. The HBARX token is designed to increase in value relative to HBAR as staking rewards accumulate in the pool, with an auto-compounding feature managed at the smart contract level.
Stader Labs emphasizes security, subjecting its smart contracts to multiple third-party audits from firms such as Halborn, Peckshield, and Sigma Prime. The platform's architecture on Hedera aims to contribute to network decentralization by distributing staked HBAR across various nodes.
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SaucerSwap is a decentralized exchange (DEX) and automated market maker (AMM) protocol built on the Hedera blockchain network. It provides permissionless swapping services for Hedera Token Service (HTS) tokens.
The platform allows users to trade between Hedera-based assets and enables users to become liquidity providers by depositing HTS tokens into liquidity pools where they earn a share of the trading fees generated by those pools. Additionally, it offers yield farming programs which allow liquidity providers to stake LP tokens for further rewards.
SaucerSwap has its own native asset, the SAUCE token, which is used for platform governance through a decentralized autonomous organization (DAO) as well as for staking and incentivizing liquidity. The platform aims to be a foundational component of the DeFi landscape on Hedera by providing essential infrastructure for token exchange and liquidity services to the network's users and developers. It also prioritizes user and network security through decentralized management and third-party security audits for smart contracts.
Pyth Network is a first-party financial oracle network that supplies extremely low-latency real-world price data across crypto, equities, forex, commodities, and ETFs. In February 2024 the Pyth catalog of over 400 price feeds was launched on Hedera via a partnership with the HBAR Foundation, giving developers permission-less access to real-time data and confidence intervals to improve DeFi risk management. HLiquity, a decentralized borrowing protocol on Hedera, became the first application to integrate these feeds to ensure accurate pricing and proper collateralization.
Citadel Wallet is a specialized hardware wallet designed to offer robust security and a seamless user experience for individuals interacting with the Hedera Hashgraph network. Its development was supported by HeadStarter's Builder Labs.
It features a full suite of secure storage options focused on providing secure storage and transaction capabilities for Hedera's native cryptocurrency, HBAR, as well as Hedera Token Service (HTS) tokens and non-fungible tokens (NFTs).
The Citadel Wallet device emphasizes high-grade security, incorporating features such as Common Criterial Evaluation Assurance Level 6+ (EAL8+) certified Secure Element and a secure microprocessor featuring Trust Zone technology to protect users' private keys offline.
Citadel Wallet is engineered to support the full spectrum of Hedera network services, including native staking, interaction with smart contracts, and management of various Hedera-based assets. It also features a user-friendly interface and offers both USB-C and secure Bluetooth connectivity for flexible interaction with companion applications and decentralized applications (DApps) within the Hedera ecosystem.
Certara is a global leader in biosimulation, a technology that uses computer models to predict how drugs will behave in the human body. Founded in 2008 and headquartered in Princeton, New Jersey, its mission is to accelerate the development of new medicines by transforming the traditional drug discovery and development process.
The company offers a comprehensive suite of software and services that are used by over 2,000 biopharmaceutical companies, academic institutions, and regulatory agencies in 62 countries. Certara's Simcyp Simulator, for example, is a physiologically-based pharmacokinetic (PBPK) modeling platform that is widely used to predict drug interactions. In addition to its software, Certara provides a range of consulting services, including regulatory science, market access, and medical writing.
Certara's OpenPharma innovation has developed a decentralized application called Hasharc that is built on the Hedera network and designed to address key challenges in the life sciences industry, such as supply chain security, patient safety, and regulatory compliance.