So how has the Luna crash affected Stader Labs?....given this: "Stader

Question

So how has the Luna crash affected Stader Labs?....given this: "Stader

Labs is a staking infrastructure platform that helps both retail and institutional investors access staking solutions. In November, Stader launched on Terra and has since amassed over $222 million worth of LUNA tokens in its liquid staking contracts and liquidity pools. "

#cryptocurrency #english #hbar

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16.05.2022

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Michal

A :lot" of due diligence been done as it seems, Apparently it was part and parcel in industry that the Luna founder was investigated by SEC for his previous project, and he just refused to show up as not his jurisdiction. Seems that for some was not a big deal to get involved in such project and even launch on them.

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16.05.2022

Jeeptopdown · Accepted Answer

It hasn’t had much of an effect. They lost a revenue stream for sure, but they are on three other chains now. Also, each chain has its own development team so they are somewhat insulated in structure - they do have a common management team. Finally, they raised $40 mil over the past 6 months. Their only real cost is salary so they are very conservative with the cash they raised because it was raised specifically to pay the talent. They are sitting on $30 mil which is enough to cover at least 5 years at their current burn rate.

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So how has the Luna crash affected Stader Labs?....given this: "Stader

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