Stake DAO (SDT) is a decentralized protocol built on Ethereum. The project was launched in early 2021 with the goal of providing an easy and friendly experience for DeFi users, allowing them to access crypto earning, trading and asset management features from one platform. single rock.
What is DAO Staking?
Overview of DAO Staking
Stake DAO is a project that allows people to easily manage all their tokens on a single platform. Stake DAO aims to help people with no knowledge of cryptocurrency easily access the best investment products and strategies on the market. Users can choose from a variety of strategies to optimize their portfolio, including those on Stablecoins, Bitcoin, and other ERC-20 tokens.
How Stake DAO Works
The project will deliver the best staking strategies and protocols into an intuitive dashboard, making it easy for anyone to profit from their assets. Every Staking strategy DAO offers has a carefully considered level of risk, while also allowing people to stake according to their own terms and risk appetite.
To ensure benefits for project users, Stake DAO will collect 15% of the profits from the strategies to distribute to the project community, and the remaining 85% will be fully returned to participants in the strategies. set. In addition, Stake DAO will collect a withdrawal fee of 0.5% and redistribute this amount to users staking the project’s platform token (SDT).
Stake DAO Products
Provides a portfolio of different investment strategies for users
Providing a variety of token staking strategies helps users both manage assets and earn more profits.
Provides an environment to help people buy cryptocurrency such as ETH, USDC, DAI from fiat currencies such as EUR, GBP or USD.
Providing NFT funds to help users invest in NFT projects such as Sorare, Axie Infinity, Cometh,…
Besides Ethereum, Stake DAO also offers their services on other blockchains such as: Polkadot, Near, Solana and there are plans to add more blockchains in the future.
Project Development Roadmap
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Core Team
Stake DAO does not have an official development team. The project is developed by contributors from many organizations and individuals with experience in the DeFi field.
Backer and Partners
On the project website, many partners are announced such as: SwissBorg, Zerion, Alchemy, Frax, The Graph, Ramp network, Paraswap, 1inch, Archer, Forbole, Architecture, Yearn, Pickle, Badger, Curve, Sushiswap.
Tokenomics
Information About DAO Stake Token
- Token Name: SDT token
- Ticker: SDT
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x73968b9a57c6e53d41345fd57a6e6ae27d6cdb2f
- Token type: Utility, Governance
- Total Supply: 100,000,000 SDT
Token Use cases
- SDT is used to stake and receive a portion of the project’s profits
- SDT is also used to vote on project decisions.
Exchanges
Currently you can buy SDT on decentralized exchanges such as BKEX, Uniswap, Sushiswap,…
Project Information Channel
- Website: https://stakedao.org/
- Twitter: https://twitter.com/StakeDAOHQ
- Telegram: https://t.me/StakedaoHQ
- Discord: https://discord.gg/qwQfw4kmYy
Summary
As there are now so many Defi applications, there is always a need for a project that provides governance for all tokens and provides the best strategies to profit from those tokens. Users do not have too much time in the market. Stake DAO appeared and met their needs. For those interested in the project, please follow my article to update the latest information.