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Stader

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Discover Stader's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Stader?

Stader (SD) is the native governance and value accrual token for the Stader ecosystem, a non-custodial, smart contract-based staking platform. It operates across multiple blockchains, allowing users to maintain liquidity on their staked assets and earn rewards. SD holders participate in governance, earn staking rewards, and engage in liquidity mining, with a total supply capped at 150 million tokens.

How is Stader used?

Stader (SD) is the native governance token of the Stader Protocol, a liquid staking platform that operates across multiple blockchains. The token plays a crucial role in the protocol's governance and liquidity provision. Here are the key ways SD is used:

  1. Governance: SD holders have voting rights, enabling them to participate in decision-making processes that shape the future development and direction of the protocol.

  2. Liquidity Provision: SD holders can earn rewards by providing liquidity to the platform. This liquidity is essential for maintaining the protocol's functionality and ensuring users can maintain liquidity on their staked assets.

  3. Staking: SD tokens can be staked on the Stader dApp, allowing users to earn additional APY through staking rewards.

  1. Utility Pool: The SD Utility Pool allows SD holders to delegate their tokens to node operators, who use them to run ETHx validators. In return, SD holders earn additional rewards and yields, sourced from utilization fees and additional SD issuances.

  2. Cross-Chain Transfers: SD tokens can be transferred between different blockchain ecosystems, such as Ethereum and Terra, using bridges like Wormhole.

These uses of SD tokens contribute to the overall health and decentralization of the Stader ecosystem, making it a vital component of the protocol's operations.

How do I store Stader?

To store Stader (SD) tokens, you can use a Centralized Exchange (CEX) like Bitget, which allows you to purchase and store SD tokens hassle-free. You can use your debit/credit card, bank transfer, or perform peer-to-peer trading to acquire the tokens.

How to buy Stader?

To buy Stader (SD) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange that offers Stader (SD) for purchase. Some popular options include Uphold, KuCoin, Gate.io, and Bitget.

  2. Create an Account: Register on the chosen exchange by verifying your email address and identity. This typically involves providing photo identification and other personal details.

  3. Make a Deposit: Fund your account using a debit card, credit card, wire transfer, or Bitcoin (BTC). The available deposit methods may vary depending on the exchange.

  1. Buy Stader (SD): Use your deposited funds to purchase Stader (SD) tokens. This can usually be done directly from the exchange's interface.

Alternatively, if the token is not listed on a centralized exchange, you can use a decentralized exchange (DEX) that supports the blockchain where Stader is listed. This involves setting up a crypto wallet, buying Ethereum as a base currency, and then trading it for Stader on the DEX.

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History of Stader

Stader (SD) is a cryptocurrency token native to the Stader Protocol, a liquid staking platform that operates across multiple blockchains. The protocol allows users to maintain liquidity on their staked assets and earn rewards. Stader Labs, the company behind the protocol, was founded in April 2021 by Sidhartha Doddipalli, Dheeraj Borra, and Amitej Gajjala, with headquarters in Bangalore and Singapore.

In January 2022, Stader successfully raised approximately $12.5 million in a funding round led by Three Arrows Capital. The protocol supports over nine blockchains, including Solana, Ethereum, Avalanche, Terra 2.0, Near, BNB, Fantom, Polygon, and Hedera Hashgraph.

Stader's liquid staking model is marked by enhanced simplicity and token liquidity. It offers higher levels of protection against slashing and audited security while ensuring the same freedom to use liquid staking tokens across numerous DeFi applications on various blockchains. The platform has undergone strict audits from top names in the area, like Certik, Peckshield, and Halborn.

The SD token plays a crucial role in governance and allows holders to earn rewards for providing liquidity to the platform. SD holders possess the ability to vote on protocol parameters and contribute to the future development and direction of the protocol. The token has been listed on various exchanges and has a significant market capitalization.

Stader's architecture and strong points have been highlighted in various reviews, with over 85,000 users having staked $700 million worth of crypto assets with the platform. The solutions' accessibility is powered by partnerships with popular crypto-industry actors like Aave, Compound, Ledger, and MetaMask.

The SD Utility Pool, a unique solution based on the platform’s governance token SD, has been rolled out to democratize ETH liquid staking. This pool has been tested and praised by experts for its simplicity and lucrative offerings.

Overall, Stader (SD) has established itself as a significant player in the liquid staking space, with a strong focus on security, accessibility, and governance.

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How Stader works

Stader (SD) is a cryptocurrency that operates as a chain-agnostic smart staking ecosystem. Here's how it works:

Staking and Liquidity

Stader allows users to stake their digital assets without locking them up for a fixed duration. This means users can capitalize on their staked assets while maintaining liquidity. The platform supports various blockchains, including Ethereum, Polygon, Hedera, BNB Chain, Fantom, NEAR, and Terra 2.0, each with its corresponding liquid staking tokens (e.g., ETHx, MATICx, HBARx, sFTMx, NEARx, and LUNAx).

Tokenomics

The SD token is the native governance token for Stader, with a total supply capped at 150 million tokens. It serves multiple purposes:

  1. Governance Influence: SD token holders have governance power, participating in vital decisions surrounding the Stader protocol, such as reward distribution, validator selection criteria, and strategic growth.
  2. Staking for Rewards: Holding SD tokens enables staking, which shares in the protocol's fee proceeds contingent on governance approval. This incentivizes active contributions to Stader's success.
  3. Liquidity Mining Opportunities: SD token holders can engage in liquidity mining by providing liquidity on specific decentralized exchanges, earning rewards subject to governance endorsement.
  4. Preferential Delegations: The quantity of SD tokens staked determines preferential delegations to validators within the network, promoting long-term commitment and participation.
SD Utility Pool

Stader's SD Utility Pool is a unique solution that democratizes ETH liquid staking. Node operators can use SD tokens to meet the requirements for running ETHx validators, while SD holders can delegate their tokens to the utility pool for additional rewards and yields. This model enhances decentralization in Ethereum and creates a new source of revenue for SD holders.

Staking Process

To stake SD tokens, users follow these steps:

  1. Shift SD tokens to a preferred wallet.
  2. Choose a suitable liquid staking platform like Stader Labs and the desired network/blockchain.
  3. Connect the wallet to the platform and input the number of tokens to stake.
  4. Post transaction approval, the liquid staking provider's smart contract secures the assets, furnishing liquid tokens in return.
Security and Partnerships

Stader emphasizes security through non-custodial smart contracts, multisignature mechanisms, and audits from top-tier security companies like Sigma Prime, Halborn, Peckshield, and Code4rena. The platform has partnerships with popular crypto-industry actors like Aave, Compound, Ledger, and MetaMask, making it accessible to a wide user base.

Investment and Trading

SD tokens can be purchased on various exchanges, including Uphold and KuCoin. The token's value is influenced by its utility, governance, and staking rewards, making it a potentially attractive investment opportunity for those interested in the DeFi sector.

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Stader's strengths

The token Stader (SD) has several strengths that contribute to its potential success:

  1. Governance and Utility: SD is the native governance token for the Stader protocol, allowing holders to participate in key governance decisions, validator selection, and exit criteria. It also plays a crucial role in enhancing the reliability and security of network operations.

  2. Staking and Rewards: SD token stakers receive a portion of the protocol revenue, incentivizing long-term participation and aligning incentives across the network. The staking mechanism is designed to be secure, with high initial APYs expected to stabilize around double digits.

  3. Multi-Chain Support: Stader operates across multiple blockchains, including Ethereum, Terra, Solana, Avalanche, Near, BNB, Fantom, Polygon, and Hedera Hashgraph. This broad support enables users to leverage their yield-bearing assets across various chains, increasing liquidity and flexibility.

  1. Security and Audits: Stader's liquid staking model has undergone strict audits from reputable entities like Certik, Peckshield, and Halborn, ensuring a high level of security and reliability.

  2. Accessibility and Partnerships: Stader has partnerships with prominent crypto-industry actors like Aave, Compound, Ledger, and MetaMask, making it accessible to a wide user base. Over 85,000 users have already staked significant assets with Stader, demonstrating its popularity and adoption.

  3. Democratization of Liquid Staking: The SD Utility Pool offers a unique solution that democratizes ETH liquid staking, allowing users to participate with lower barriers to entry and increased security.

These strengths position Stader (SD) as a robust and versatile token with a strong foundation for growth and adoption in the cryptocurrency market.

Stader's risks

Stader (SD) is a cryptocurrency token associated with the Stader Protocol, a liquid staking protocol that operates across multiple blockchains. The protocol allows users to maintain liquidity on their staked assets and earn rewards. The native token, SD, plays a role in governance and allows holders to earn rewards for providing liquidity to the platform.

Risks of SD

Investing in SD carries several financial risks, including:

  1. Volatility Risk: SD's value can fluctuate significantly, leading to potential losses for investors.

  2. Liquidity Risk: The liquidity of SD can be affected by various market conditions, making it difficult to buy or sell the token at a favorable price.

  3. Short History Risk: SD has a relatively short history, which can make it challenging to predict its future performance.

  1. Demand Risk: Changes in market demand can impact the value of SD, potentially leading to losses.

  2. Forking Risk: The protocol's underlying blockchain technology is susceptible to forking, which can affect the value and functionality of SD.

  3. Code Defects: Smart contracts used by the Stader Protocol are vulnerable to security breaches and code defects, which can compromise the integrity of the platform.

  1. Regulatory Risk: Changes in regulatory environments can negatively impact the use and value of SD.

  2. Electronic Trading Risk: Technical issues with trading platforms can result in losses or difficulties in trading SD.

  3. Cybersecurity Risk: The platform is susceptible to cyber attacks, which can compromise user assets and the overall security of the protocol.

  1. Centralization Risk: The staking process can become centralized, which can negatively impact the decentralization and security of the network.
Additional Risks
  • Smart Contract Risks: SD operates using smart contracts, which have inherent risks associated with security breaches and vulnerabilities.
  • Community and Governance Risks: The future direction of the protocol is influenced by the decisions of the SD token holders, which can be unpredictable and may not align with individual investor interests.

It is essential for investors to conduct thorough research and assess these risks before investing in SD to determine the appropriate level of risk for their personal circumstances.

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Stader's ecosystem

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Stader’s team

  • Amitej: CEO and Co-founder, with 10+ years of experience in strategy consulting and start-up management, and an alumnus of IIT and IIM.
  • Sidhartha: CTO and Co-founder, with deep expertise in crypto mining and 10+ years of experience in building and scaling tech applications, and an alumnus of Columbia and IIT.
  • Dheeraj: Protocol Lead and Co-founder, with 10+ years of engineering experience in Silicon Valley, and an alumnus of UT Austin and IIT.
  • Gautam: General Manager for Hedera and BNB, with 10+ years of experience across i-banking, consulting, and investing, and an alumnus of IIT and IIM.
  • Anoothi: General Manager for NEAR and Terra 2.0, with ~10 years of experience across business consulting, strategy, and operations, and an alumnus of Harvard Business School.
  • Vibin: General Manager for Fantom and Polygon, with 10+ years of experience across consulting and operations, and an alumnus of IIM.

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