SD Stader Rank #1147 $0.1482 ▲ 2.42%

What is Stader? Stader is a non-custodial, multi-chain liquid staking platform that enables seamless access to the best staking and most rewarding defi opportunities across Proof-of-Stake (PoS) networks like Etherum, Polygon, BNB and Hedera conveniently. It is trusted by 85k+ stakers ranging from retail users to exchanges, custodians and institutions looking to earn rewards by staking their crypto assets. What is SD token? SD is Stader's governance token. It's an ERC-20 token with a max supply of 120 million tokens across 23k+ holders. The token holds multiple utilities: SD Utility Pool: First-of-its-kind utility that rewards SD holders for contributing to ETH decentralization by delegating to the Pool Liquidity Mining: Provide SD liquidity across DEXs to get SD incentives (if elected by governance) Node Operator bond: Every permissionless node operator working with ETHx needs to bond min 0.4 ETH worth of SD per validator. Governance and voting: SD can be used to vote on Stader protocol upgrades, rewards policies, validator selection criteria, protocol expansion and more.