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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METAVRSE is a technology company advancing e-commerce through its proprietary, web-based 3D development engine. The platform enables brands to create, manage, and scale immersive virtual worlds and interactive product showcases accessible across all devices without requiring special downloads. This focus on accessibility and high-fidelity graphics positions METAVRSE as a key provider of infrastructure for the next generation of Web3 commerce.
The company's flagship product, TheMall, is a photorealistic virtual shopping center that utilizes the Hedera Token Service (HTS) for minting assets. Within its virtual spaces, brands can build 3D storefronts stocked with digital products and services secured on the Hedera blockchain network. For example, virtual real estate, such as floors and parcels within TheMall, is delivered and owned as NFTs on the Hedera network.
METAVRSE aims to simplify 3D spatial space design and development in the same way Canva made digital art and graphic design accessible for creative users. It has a slate of Fortune 500 clients including Microsoft, MasterCard, JP Morgan and numerous others.
StraitsX is digital payment infrastructure provider and stablecoin issuer licensed by the Monetary Authority of Singapore (MAS) as a major payment Institution. It aims to bridge traditional finance (TradFi) with the digital asset economy, offering solutions for businesses and individuals to access and utilize digital currencies.
It’s primarily known for its stablecoins, which include XSGD, a token pegged to the Singapore dollar, XIDR a token pegged to the Indonesian rupiah, and XUSD, which is pegged to the US dollar. These stablecoins are designed to maintain a 1:1 synchronicity with their respective fiat currencies and feature reserves held in licensed financial institutions.
StraitsX emphasizes transparency and regulatory compliance, with each of its stablecoins issued in accordance with MAS frameworks.
The firm’s solutions support multi-chain operations, with its stablecoins available on various blockchain networks including Hedera, enabling faster, scalable, and cost-effective transactions. The company provides APIs for seamless integration, which allow businesses to accept payments, facilitate payouts, and conduct blockchain transactions.
StraitsX also offers personal and business accounts for minting, issuing, redeeming, and transacting with its proprietary stablecoins. It is currently partnered with various financial institutions including RedotPay and Visa to enable digital asset spending via card programs.
Snickerdoodle Labs is a data privacy company founded in 2021 that is building a "consent layer" for the internet. Its mission is to foster a more equitable data economy where individuals have control over their personal information and are rewarded for sharing it.
The core of Snickerdoodle's service is a decentralized data exchange platform that allows people to own and monetize their data anonymously. The platform provides a suite of tools for both individuals and businesses. For individuals, there is a data wallet that allows them to aggregate their Web2 and Web3 data and control who has access to it. For businesses, Snickerdoodle offers a consent management platform that allows them to request and manage user consent in a compliant and transparent way. A key feature is the "share-to-earn" model, where users are rewarded with cryptocurrency for sharing their data with brands.
Snickerdoodle Labs and Hedera have partnered to bring its consent and data sharing solutions to the Hedera ecosystem, allowing Hedera users to take control of their data and earn rewards for sharing it.
The Hedera Wallet Snap is a powerful open-source plugin that extends the functionality of MetaMask, one of the world's most popular crypto wallets, to the Hedera network. Developed by Tuum Technologies and managed by Hashgraph, the Snap allows users and developers to interact directly with Hedera's native services without relying on a JSON-RPC relay.
At its core, the Hedera Wallet Snap transforms MetaMask into a native Hedera wallet. This provides users with a familiar interface to manage their HBAR and other Hedera-based assets. Key services include the ability to send and receive HBAR, view account information and token balances, and interact with the Hedera Token Service (HTS), Hedera Consensus Service (HCS), and Hedera Smart Contract Service (HSCS). This comprehensive functionality empowers developers to build and deploy sophisticated decentralized applications on Hedera, while providing a seamless and intuitive experience for end-users.
The integration of the Hedera Wallet Snap opens up the network to MetaMask's vast user base of over 30 million monthly active users, greatly expanding the potential reach of Hedera-based applications.