Home
Blogs
SD Token Stakin...
SD Token Staking Guide
Most of you have been looking forward to the SD token launch date. We are excited to launch SD token on March 15th, 2022 at 14:00 PM UTC. As the token launches, we are also introducing staking of SD tokens on Terra. Please read on for more information.
Stader (SD) token is the native governance token for Stader protocol. SD token is a native ERC-20 token. All CEXs will list SD as an ERC-20 token. CEX trading will begin at 13:00 PM UTC.
Anyone can bridge it to Terra via Wormhole. The SD token on Terra is whSD.
SD token will be critical for successful functioning of the Stader platform i.e. for key governance decisions, validator selection and exit criteria etc. A portion of the protocol revenue will be distributed to SD token stakers.
SD token staking will go live on Terra (whSD) a few hours post launch. One will receive xSD after staking whSD token. xSD is an auto-compounding token similar to LunaX. whSD will have a 21 days unstaking period.
SD token staking contracts on ETH are being developed and will be launched soon.
SD staking on Terra, xSD will be issued and will be auto-compounding. Expect initial APYs to be very high and to stabilize around double digits.
Once SD staking on Ethereum goes live, we will review and finalize the rewards for the same.
On Terra, whSD <> xSD, whSD <> UST liquidity pools will be live on Terraswap around 15:00 PM UTC March 15th (around the same time as CEX trading). Anyone can provide liquidity to these pools.
On ETH, SD <> USDC pool will be live on Uniswap around 15:00 PM UTC March 15th.
Please note that there may be potential IL loss due to price fluctuations.
SD tokens will have 4 major utilities.
For full details on SD token distribution and vesting, please refer here.
By:
Stader Labs
Join Stader’s newsletter
Get the latest updates, new DeFi strategies and exclusive offers right in your email box
Analytics
© Copyright 2023 Stader. All rights reserved.