Who issued the Stader (SD) coin?

Stader Labs' SD coin, launched in April 2022, facilitates governance and liquidity provider rewards on the Stader platform, with a current circulating supply of 46.67 million SD.

Jan 06, 2025 at 10:48 am

Key Points:

• Issuer of Stader (SD) Coin: Stader Labs

• Historical Performance of Stader (SD) Coin:

  • All-time high: $9.02 on April 2, 2022
  • All-time low: $0.85 on June 19, 2022

• Use Cases of Stader (SD) Coin:

  • Governance
  • Rewards for liquidity providers

• Staking and Rewards:

  • Stake SD coins to earn rewards in the form of staked assets
  • Staking rewards are distributed proportionally based on the amount of SD coins staked

• Tokenomics:

  • Total supply: 100,000,000 SD
  • Circulating supply: 46,670,000 SD

Issuer of Stader (SD) Coin:

Stader Labs is the issuer of the Stader (SD) coin. Stader Labs is a decentralized finance (DeFi) platform that allows users to stake their cryptocurrency assets in a non-custodial manner. The SD coin is the native utility token of the Stader platform.

Historical Performance of Stader (SD) Coin:

The SD coin was launched in April 2022 and reached an all-time high of $9.02 on April 2, 2022. However, the coin's price has since declined and reached an all-time low of $0.85 on June 19, 2022. The SD coin's price has been volatile since its launch, but it has generally trended downwards in recent months.

Use Cases of Stader (SD) Coin:

The SD coin has two main use cases: governance and rewards for liquidity providers. SD coin holders can participate in the governance of the Stader platform by voting on proposals that affect the platform's development. SD coin holders can also earn rewards for providing liquidity to the Stader platform. Liquidity providers are rewarded with SD coins in proportion to the amount of liquidity they provide.

Staking and Rewards:

SD coin holders can stake their coins to earn rewards in the form of staked assets. Staked assets are the underlying assets that are used to generate staking rewards. The amount of rewards that a user earns is proportional to the amount of SD coins that they stake.

Tokenomics:

The SD coin has a total supply of 100,000,000 coins. The circulating supply of SD coins is approximately 46,670,000 coins. The SD coin is a deflationary asset, which means that the total supply of coins will decrease over time.

FAQs:

• What is the purpose of the Stader (SD) coin?

  • The Stader (SD) coin is a utility token that is used for governance and rewards on the Stader platform.

• How do I stake SD coins?

  • You can stake SD coins by using the Stader web app or the Stader mobile app.

• What are the rewards for staking SD coins?

  • The rewards for staking SD coins include staked assets and SD coins.

• Is Stader (SD) coin a good investment?

  • The value of the Stader (SD) coin is subject to market fluctuations and is not guaranteed.