Stake DAO

Stake DAO

SDT
$0.220024265%-3.68

Key Metrics

Price$0.220024265
Real Volume (24H)$43,751.51
Marketcap$155,910.07
Fully Diluted Valuation$31,003,033
ATH$17.38
ATH Date2/4/2021, 3:03:27 AM
ATL$0.01522558
ATL Date10/28/2022, 8:10:29 PM
Circulating Supply45M
Total Supply60M
WebsiteN/A
WhitepaperN/A
Popularity Rank3427
Chart
What is Stake DAO?

Stake DAO is a decentralized finance (DeFi) platform built on the Ethereum blockchain, offering users the ability to easily grow their cryptocurrency portfolio. Its primary objective is to make DeFi services accessible to everyone. The platform provides users with the ability to track, grow, and control their digital assets from their crypto wallets. Stake DAO curates the best staking protocols, strategies, and other tools, helping users grow their cryptocurrencies into a single, user-friendly dashboard, making it easier for them to access all of their assets in one place. Stake DAO is a community-focused platform, with all of its products designed to benefit the community.

Stake DAO offers various services for crypto enthusiasts, including converting funds to cryptocurrencies, competitive yield-generating strategies, portfolio management, a staking portal, and an open governance feature. The platform also has two liquidity pools, allowing users to put their idle funds to work and provide liquidity across multiple protocols to earn rewards.

One of the most significant advantages of the Stake DAO platform is that it allows users to maintain complete control of their assets with zero lock-ups. By using its services, users can also earn points to unlock NFT perks on the platform. Stake DAO has launched two series of NFTs; Tempest and Pythia. These NFTs use the ERC1155 token standard, a novel token standard that takes the best features from all previous standards on the Ethereum blockchain. Users can earn NFTs by staking tokens on the platform. Furthermore, users can vote on the essential decisions about the platform by staking SDT tokens.

SDT is the native token of the Stake DAO platform. The token holders on the platform can earn rewards for merely holding SDT tokens. The platform deducts a 15% performance fee on every strategy, which is converted into SDT tokens and then distributed to users holding SDT tokens on the platform. The platform also employs a 0.5% withdrawal fee for users withdrawing their assets from a given strategy. This fee is also distributed back to the token holders.

In conclusion, Stake DAO offers a user-friendly and accessible DeFi platform that provides users with complete control over their digital assets. It provides users with an opportunity to earn rewards, gain access to unique NFTs, and participate in the decision-making process through voting. Stake DAO is a community-focused platform, and all of its products are designed to benefit its users. As the world of DeFi continues to evolve, Stake DAO is well-positioned to become a leading platform in the DeFi space.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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