Stader is building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians. Stader is building extremely modular smart contracts so third parties can leverage our components and build custom solutions.
In the short term, Stader is building native contracts across multiple chains including Terra, Solana, Ethereum, Near, Avalanche, Fantom etc., and building an economic ecosystem to grow and develop solutions like yield redirection-style farming with rewards, liquid staking, launchpads, gaming and more.
In the long term, Stader will focus on unlocking the platform approach and nurturing third parties to develop several staking applications with Stader infra.
# What is SD token?
Stader (SD) token is the native governance and value accrual token for Stader. Stader has established key mechanics that make SD tokens intrinsically tied to the Stader platform.
**Value Capture for SD Token:**
Stader charges a % of rewards as fees and the fees is the key revenue source for Stader platform. The fees charged will be in the range 3%-10% of the rewards based on type of solution (if elected by governance). A portion of the protocol fees will be paid to SD token stakers.
**Token Utility:**
SD tokens will have 4 major utilities.
Governance: When users stake SD tokens, they will receive xSD which is an auto-compounding token. xSD will have governance rights.
Preferential Delegations & Slashing Insurance: Validators stake xSD tokens to receive preferential delegations and provide slashing insurance. In v2, any xSD holder can stake to support a validator that he/she prefers by staking on his/her behalf.
Liquidity Pools: Liquidity providers for SD, xSD pairs with stables/native tokens will receive SD token rewards and pool fees.
Stader Infrastructure: Third-party protocols will stake xSD tokens to leverage Stader contracts/infrastructure.
# Media Coverage:
**Funding related:**
https://cointelegraph.com/news/stader-labs-announce-12-5-million-strategic-raise-receives-praise-from-terra-founder-do-kwon
https://www.theblockcrypto.com/linked/130977/crypto-staking-firm-stader-labs-funding-three-arrows-capital-others
https://www.banklesstimes.com/news/2022/03/11/staking-startup-stader-labs-raises-dollar40m-from-public-and-private-token-sales/
https://invezz.com/news/2022/03/11/stader-closes-23m-token-sale-10-56-apr-on-luna-staking/?amp
**CoinList blogs:**
https://blog.coinlist.co/announcing-the-stader-token-sale-on-coinlist/
https://blog.coinlist.co/stader-token-sale-on-coinlist-drives-40-000-new-token-holders/
**Thought pieces:**
https://www.securities.io/amit-gajjala-ceo-and-co-founder-of-stader-labs-interview-series/
https://www.ibtimes.com/whats-stake-blockchain-centralization-3429908
How to Buy SD on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing SD. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing SD.
Step 5: Purchase SD
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of SD you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy SD.
Step 6: Store Your SD
After purchasing, you can choose to store your SD in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and SD assets, be sure to use a strong password and enable two-factor authentication.
SD Price:Stader is building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians. The price fluctuates daily, You can go to the exchange: Bybit to check the price.
Recommended Similar Coins: STG、GNS