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.
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:
Governance: SD holders have voting rights, enabling them to participate in decision-making processes that shape the future development and direction of the protocol.
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.
Staking: SD tokens can be staked on the Stader dApp, allowing users to earn additional APY through staking rewards.
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.
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.
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.
To buy Stader (SD) tokens, follow these steps:
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.
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.
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.
- 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.