Which chain is Stader (SD) coin on?

Stader (SD) is a multichain liquid staking protocol that enables users to stake their PoS assets on six different blockchains: Ethereum, Polygon, Fantom, Solana, Avalanche, and Cosmos.

Jan 04, 2025 at 05:08 am

Which Chain is Stader (SD) Coin On?

• Stader (SD) is a multichain liquid staking protocol that enables users to stake their PoS (proof-of-stake) assets and earn staking rewards while maintaining liquidity.
• SD is the native token of the Stader ecosystem and is used for governance, staking, and earning rewards.
• Currently, Stader supports staking for six different PoS blockchains:

1. Ethereum (ETH)

• Staker is the largest liquid staking protocol for Ethereum (ETH) and successfully introduced the concept of liquid staking to the cryptocurrency market.
• The protocol allows users to stake their ETH without locking them up for a fixed period, giving them the flexibility to unstake and withdraw their funds whenever they need to.
• SD token holders can participate in governance and vote on proposals that affect the protocol's future.

2. Polygon (MATIC)

• Stader was the first liquid staking protocol to launch on Polygon, offering users a way to stake their MATIC tokens and earn rewards while maintaining liquidity.
• Users can stake their MATIC tokens on Stader and receive sMATIC tokens in return, which represent their staked MATIC plus any rewards earned.
• sMATIC tokens can be used in various DeFi applications, such as lending, borrowing, and yield farming, allowing users to maximize their returns.

3. Fantom (FTM)

• Stader is one of the leading liquid staking providers for Fantom, the high-performance, scalable blockchain.
• By staking their FTM tokens on Stader, users can earn staking rewards and participate in the network's consensus mechanism without having to run their own validator node.
• Stader's user-friendly interface makes it easy for anyone to participate in staking, regardless of their technical expertise.

4. Solana (SOL)

• Stader allows users to stake their SOL tokens and earn rewards while maintaining liquidity for Solana.
• Staking SOL on Stader is a low-risk way to generate passive income and contribute to the security of the Solana network.
• Stader's Solana staking pool offers competitive APYs and low fees, making it an attractive option for users looking to maximize their returns.

5. Avalanche (AVAX)

• Stader provides a liquid staking solution for Avalanche, a fast and scalable blockchain platform.
• By staking their AVAX tokens on Stader, users can earn staking rewards and participate in Avalanche's Proof-of-Stake consensus mechanism.
• Stader's AVAX staking pool offers high APYs and flexible staking options, making it a popular choice for users looking to earn passive income from their AVAX holdings.

6. Cosmos (ATOM)

• Recently, Stader expanded its support to Cosmos (ATOM), a popular blockchain ecosystem known for its interoperability and scalability.
• By staking their ATOM tokens on Stader, users can earn staking rewards and contribute to the security of the Cosmos network.
• Stader's ATOM staking pool offers competitive APYs and the ability to stake and unstake ATOM tokens with ease, making it a convenient option for users looking to participate in the Cosmos ecosystem.

FAQs

Q: How do I stake my assets on Stader?
A: To stake your assets on Stader, you will need to create an account and deposit your assets into the Stader wallet. Once your assets are deposited, you can select the staking pool you want to participate in and stake your assets.

Q: What are the benefits of using Stader?
A: Using Stader offers several benefits, including:

1. Staking with low fees.
2. Staking without any lockup period.
3. Earning staking rewards while maintaining liquidity.
4. Contributing to the security and growth of PoS blockchains.

Q: What is the SD token used for?
A: The SD token is the native token of the Stader ecosystem and is used for:

1. Governance: SD holders can participate in governance and vote on proposals that affect the protocol's future.
2. Staking: SD can be staked to receive staking rewards.
3. Earning rewards: SD can be used to earn rewards through various incentives and promotions offered by the Stader team.