SD Stader Rank #1147 $0.1085 ▼ 1.72%

Stader is a non-custodial, multi-chain liquid staking platform that lets users stake assets across various Proof-of-Stake networks and receive liquid representations that can be used across decentralized finance. The platform supports multiple ecosystems, including Ethereum, BNB Chain, Polygon, Solana, Fantom, and Hedera, and serves a base that ranges from individual stakers to exchanges, custodians, and institutions seeking staking yields. SD is the protocol's native governance and utility token, issued as an ERC-20 asset with a capped supply of 120 million tokens. Holders can participate in protocol governance, voting on upgrades, reward policies, validator selection criteria, and expansion decisions. Beyond voting, SD has several functional uses within the ecosystem. It powers the SD Utility Pool, which rewards holders who delegate toward Ethereum decentralization. Liquidity providers offering SD on decentralized exchanges may receive additional SD incentives when approved by governance. The token also functions as a bonding requirement, as permissionless node operators running validators on the network must stake a minimum amount of SD as collateral.