How to protect your digital assets from hackers:

Step-by-step guide: 👇
It was a usual morning on Dec 2, 2021...

That day, thousands of folks found their wallets drained off their precious crypto.

Someone had stolen $120M by hacking a DeFi website.

After some tracking, PeckShield Inc found the stolen booty:

The question is:

How did the hackers manage to steal all of this?

Did someone leak a list of private keys?

Was it due to some accident by an unassuming crypto enthusiast?

The answer is:

None of the above.

Instead, what happened was a totally wicked thing...
A script was inserted in the UI of the DeFi website.

It tracked all the transactions happening on the protocol.

Shortly after, it inserted a request to transfer the victims' tokens to the hacker's address.

You know what's super scary about this?
You could use the safest wallet out there and still get robbed in a sec.

You see:

The moment you used your wallet on the malicious website..

The script was tracking everything and inserting a transfer request.

Seconds after..

Poof!

All was gone.

So, wanna avoid this?
Safety Measure #1:

Before you connect your wallet to your favorite DeFi protocol, ensure the website address is right.

Often, hackers create an identical version of a DeFi website.

Shortly after, this happens:
A tiny tweak in the URL might take you to its sinister clone.

As soon as you connect your wallet…

Your crypto disappears in thin air.

How do you check Stader?

Double-check if the link is the same as our official channels (Twitter, Telegram, etc).

In fact:
This morning we issued a scam alert:

A group of scammers just created a FAKE website that emulates our own.

On that website, fake $SD tokens are being offered for sale.

Please, beware of this scam.

The fake website looks like this:
Safety Measure #2:

Avoid dealing with custodial wallets and websites.

If you do, you instantly lose control over your assets.

An extra transfer fee is always worth the safety.

By the way, Stader is a non-custodial platform.

Next:
Safety measure #3:

Never share your seed phrase or private key with anybody.

If someone asked you about it...

It's a scam!

At Stader, our support team will never DM you over Telegram, Discord or Twitter...

We will never ask you for keys.

Finally, pro-tip:
Safety Measure #4:

Many #lunatics prefer to use the following extra tip to connect to @terra_money's web wallet:

Instead of using the browser extension...

Many folks actually scan the QR code using the mobile phone.

How does this protect your tokens?
See, it's much harder for malware to hack Android and iOS devices.

On top of that:

Connecting to the web wallet using a QR code creates an air gap.

No direct connection in between.

Hence, more safety.

Remember:
Between 2016 and 2020, hackers have seized over $2B worth of crypto.

See this table?

It’s no joke at all:
2021 hasn't been much different.

So if you haven't taken these safety measures yet, it’s time to do it.

Also, remember:

Never use websites without audited contracts.

At Stader, we’ve been fully audited:

blog.staderlabs.com/stader-update-…
We can proudly say we’ve taken all the measures to protect you.

You are still on-time to farm our $SD tokens.

With 5+ million TVL, the price is still $0.73.

So catch them before they're gone on the official website:

Stake now: terra.staderlabs.com/pools

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More from @staderlabs

17 Dec
Are you catching absolutely all of the airdrops on @terra_money?

Here are the details you may have missed: 👇
IBC protocol @ComdexOfficial recently airdropped its native tokens to @terra_money stakers.

And #LUNAtics were quick to grab them all.

If you couldn't, don't worry...

More IBC protocols are on the way to Terra.

Yet what about #airdrops from the Terraverse?
Many sweet Terra #airdrops are coming your way.

Before we deep dive into them...

Here's a snapshot of the upcoming #airdrops:

Read 11 tweets
17 Dec
How much gas fees would you waste if you manually compounded your staking yield?

Here's some quick math: 👇
There's no doubt that compounded yield is the easiest and quickest way to boost your staking rewards.

Just claim your rewards...

Restake...

And enjoy constantly growing layers of yield.

In other words:

The more you restake = the more you make.

The only caveat?
Claiming rewards costs gas fees.

You see, there are 3 types of them, and all add on top of each other:

- Claiming rewards
- Swapping stables
- Restaking Luna

Also, gas fees depend on frequency of compounding and number of validators staked.

Here's a quick calculation:
Read 6 tweets
16 Dec
Did you know that from now on, $UST can earn you yield outside of @terra_money?

Here's how: 👇 Image
Before we start, remember one thing:

By itself, $UST is not an interest-bearing token.

It can’t earn you anything on top of it alone.

Yet, things completely change with a powerhouse like @anchor_protocol.

The problem is, it wasn’t available outside of Terra.

Not anymore....
Abracadabra (@MIM_Spell) recently enabled $UST deposits on their platform.

Who are they and what do they do?

They are a lending platform...

Where you can borrow funds using stable coins as collateral.

So, how does $UST earn you yield in there?
Read 10 tweets
16 Dec
Is your $LUNA in safe hands when you stake?

Here are the top 2 dangers that can affect your staking yield 👇👇 Image
Danger #1: Slashing Risk

It happens when validators commit two key misbehaviors:

First is 'Downtime'

It means that a validator is unavailable to sign transactions for a certain period of time…

Which is around 17.7 hours.

The penalty for you and the validator?
The validator loses 0.01% of their stake.

It could also be possibly 'jailed' for some time (It won’t participate in consensus).

What about you?

You'll simply lose all your rewards for the period.

The next one is too severe to be overlooked:
Read 10 tweets
13 Dec
Did you know 40% of your $Luna staking rewards are in stablecoins now?

Did you also know this is a perfect scenario for a 'triple staking bonanza'?

Here’s why: 👇
At Stader, our mission is to simplify your staking while boosting your rewards.

That’s why we came up with our triple benefit mechanism.

Once you stake with us, it will automatically start boosting your yield.

Here’s how it works:
Step #1: Convert stable yield to $LUNA

Why is this important?

If you keep your yield in stablecoins, you are actually losing out on $Luna growth.

You see, $LUNA has proved to be a constantly growing asset.

The numbers speak by themselves:
Read 10 tweets
13 Dec
What's behind Stader's Unique Mechanism?

Here's how we boost your staking returns, reduce gas fees, and add smart compounding benefits on top:

blog.staderlabs.com/explainer-stad…
TLDR?

Stader's value prop for @terra_money users:

* Auto-compounding of Luna rewards

* Auto-convert stables to Luna, and auto-compound it. Currently, 40% of staking rewards are paid in stables

(This means additional Luna re-staked and appreciating at the same time).

Next:
Gas fees:

The cost can become super expensive if a user manually compounds.

With Stader's smart compounding, a typical user is saving significant gas fees while enjoying compounding.

Claiming rewards, swapping stables and staking Luna fees are covered by Stader.

Next:
Read 7 tweets

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