SDStader (SD) Price

What is Stader (SD)?

Stader is an non-custodial, smart contract-based staking platform engineered to facilitate the discovery and access of staking solutions with convenience. The development is focused on constructing critical staking middleware infrastructure tailored for multiple Proof of Stake (PoS) networks. This infrastructure is designed to serve retail cryptocurrency users, exchanges, and custodial services, ensuring a robust and accessible staking ecosystem.

Who Created Stader？

The senior leadership at Stader Labs include the following:

• Amitej, CEO and Co-founder: 10+ years with Strategy consulting and Start-up management | Ex Swiggy, ATKearney | IIT & IIM Alumnus
• Sidhartha, CTO and Co-founder: Deep expertise in crypto mining | 10+ years building and scaling tech applications | Columbia and IIT Alumnus
• Dheeraj, Protocol Lead and Co-founder: 10+ years of engineering in silicon Valley | Ex LinkedIn, Blend, PayPal | UT Austin and IIT Alumnus

How Does Stader Work?

Liquid staking is a mechanism whereby participants can tokenize their staked assets into a derivative that appreciates in value matching the accrual of staking rewards. This tokenized representation induces broad utilities within the decentralized finance (DeFi) landscape, enabling holders to simultaneously contribute to network security through staking and engage in DeFi activities.
Stader is a secure liquid staking solution. Its approach includes meticulous ongoing code reviews and rigorous testing protocols. The team subjects their smart contracts to comprehensive evaluations by external auditors, with a track record of over ten successful audits conducted across various blockchains. Moreover, the team further enhances the security measures through the implementation of multi-signature (Multi-sig) administrative accounts, which govern the modification of smart contract parameters.

Tokenomics

Token Utility

Stader (SD) is the utility and governance token of the Stader ecosystem.

• Earn SD token as rewards by providing liquidity to Stader LSTs or by locking SD tokens as collateral as an ETHx Node Operator
• Participate in the governance of the Stader DAO
• Become an ETHx Node Operator by bonding 0.4ETH worth of SD tokens

Token Distribution

Stader (SD) is an ERC-20 token with a total supply of 150 million tokens.
Token Distribution:
Rewards + Farming: 36%
Public Sale: 4%
Team & Advisors: 17%
Ecosystem Fund: 11%
Private Sale: 17%
DAO Fund: 15%