Stader Labs 通过创新的 SD 实用池推出 ETHx 代币经济学第二阶段

Stader Labs 通过推出 SD Utility Pool 推出了其代币经济的第二阶段，这是一款将 SD 代币持有者与 ETHx 生态系统连接起来的新颖产品。该矿池使 SD 持有者能够为以太坊去中心化做出贡献，通过支持无需许可的节点运营商获得奖励。通过将 SD 与 ETHx 集成，Stader 旨在提高 SD 持有者的效用和价值累积，推动良性循环，使代币和以太坊网络都受益。

Stader Labs Unveils Phase 2 of ETHx Tokenomics with Launch of SD Utility Pool

Stader Labs 推出 ETHx 代币经济第二阶段并推出 SD 实用池

Stader Labs, a leading provider of liquid staking solutions, has embarked on the second phase of its ETHx tokenomics strategy with the introduction of the SD Utility Pool. This strategic initiative aims to integrate the protocol token, SD, more seamlessly into the Ethereum ecosystem, offering heightened utility to holders and enabling them to contribute to the burgeoning ETHx business.

Stader Labs 是一家领先的流动性质押解决方案提供商，通过推出 SD 实用池，开始了其 ETHx 代币经济战略的第二阶段。这一战略举措旨在将协议代币 SD 更无缝地集成到以太坊生态系统中，为持有者提供更高的效用，并使他们能够为蓬勃发展的 ETHx 业务做出贡献。

Background: Stader Labs and ETHx

背景： Stader Labs 和 ETHx

Stader Labs has established itself as a prominent liquid staking solutions provider, surpassing $750 million in total value locked (TVL) across major EVM chains, including Ethereum, Polygon, and Binance Smart Chain. In July 2023, Stader launched ETHx on Ethereum, introducing a low bonding requirement of just 4 ETH (plus 0.4 ETH worth of SD) per validator. This significantly reduced the capital outlay for node operators, resulting in 85% lower costs and 42% higher rewards compared to solo staking. The ETHx product gained traction within the community, attracting 250 node operators who added over 4,100 validators since its inception.

Stader Labs 已成为一家著名的流动质押解决方案提供商，其主要 EVM 链（包括以太坊、Polygon 和币安智能链）的总锁定价值 (TVL) 超过 7.5 亿美元。 2023 年 7 月，Stader 在以太坊上推出了 ETHx，每个验证者仅需 4 ETH（加上价值 0.4 ETH 的 SD），保证金要求较低。这显着减少了节点运营商的资本支出，与单独质押相比，成本降低了 85%，奖励提高了 42%。 ETHx 产品在社区中获得了关注，吸引了 250 个节点运营商，自推出以来增加了 4,100 多个验证者。

SD Utility Pool: Empowering SD Holders in ETH Decentralization

SD实用池：为SD持有者赋能ETH去中心化

With the SD Utility Pool, Stader Labs has embarked on the next stage of its Ethereum decentralization journey by inviting SD holders to participate in the ETHx space. The Pool represents an innovative concept within the Ethereum liquid staking (LST) realm, rewarding protocol token holders for their contributions to Ethereum's decentralization by supporting permissionless node operators. Holders can stake any desired amount of SD to the Pool, while node operators can leverage it to meet the protocol token requirements for their validators. Operators pay a utilization fee that contributes to the substantial rewards (over 40%) that early delegators stand to receive.

通过 SD 实用池，Stader Labs 邀请 SD 持有者参与 ETHx 空间，开启了以太坊去中心化之旅的下一阶段。该矿池代表了以太坊流动质押（LST）领域的一个创新概念，通过支持无需许可的节点运营商来奖励协议代币持有者对以太坊去中心化所做的贡献。持有者可以将任意数量的 SD 质押到池中，而节点运营商可以利用它来满足验证者的协议代币要求。运营商支付使用费，这有助于早期委托人获得丰厚的奖励（超过 40%）。

Synergistic Growth for SD and ETHx

SD 和 ETHx 的协同增长

The SD Utility Pool is anticipated to play a crucial role in driving the next growth cycle for SD holders. As more SD becomes locked by permissionless ETHx node operators, the value of SD is expected to appreciate. This will enable higher incentives for ETHx users via SD, fueling demand for ETHx. The increased demand will subsequently bolster ETHx TVL, creating greater demand for SD in the utility pool. This virtuous cycle will ultimately benefit SD holders.

SD 公用事业池预计将在推动 SD 持有者的下一个增长周期中发挥至关重要的作用。随着越来越多的 SD 被无需许可的 ETHx 节点运营商锁定，SD 的价值预计会升值。这将通过 SD 对 ETHx 用户提供更高的激励，从而刺激对 ETHx 的需求。需求的增加随后将提振 ETHx TVL，从而为公用事业池中的 SD 创造更大的需求。这种良性循环最终将使SD持有者受益。

Early Success and Positive Response

早期成功和积极响应

The SD Utility Pool has garnered a strong positive response, with over 1.5 million SD already delegated within two weeks of its launch. This, combined with the SD previously bonded by node operators, represents approximately 10% of the circulating supply. Stader Labs has also announced additional emissions from the protocol treasury to incentivize early delegators with rewards exceeding 40%.

SD实用池获得了强烈的积极响应，在推出两周内就已经授权了超过150万个SD。这与之前由节点运营商绑定的 SD 相结合，约占流通供应量的 10%。 Stader Labs 还宣布从协议金库中进行额外排放，以超过 40% 的奖励来激励早期委托人。

Conclusion: Stader Labs' Commitment to Innovation and Ethereum Decentralization

结论：Stader Labs 对创新和以太坊去中心化的承诺

Stader Labs' Utility Pool marks a significant breakthrough, amplifying Ethereum decentralization while introducing a novel approach to integrating genuine use cases into protocol tokens. This development highlights Stader Labs' unwavering commitment to driving innovation and advancing the decentralized finance (DeFi) landscape.

Stader Labs 的实用程序池标志着一项重大突破，扩大了以太坊的去中心化，同时引入了一种将真实用例集成到协议代币中的新颖方法。这一发展凸显了 Stader Labs 对推动创新和推进去中心化金融 (DeFi) 格局的坚定承诺。

About Stader Labs

关于斯塔德实验室

Stader Labs is a non-custodial, smart contract-driven staking platform that simplifies the discovery and utilization of staking solutions. It provides an essential staking middleware infrastructure for various Proof-of-Stake (PoS) networks, catering to retail cryptocurrency users, exchanges, and custodians. Stader Labs has secured funding from leading crypto investors, including Pantera Capital and Coinbase Ventures.

Stader Labs 是一个非托管、智能合约驱动的质押平台，可简化质押解决方案的发现和利用。它为各种权益证明（PoS）网络提供了必要的质押中间件基础设施，以满足零售加密货币用户、交易所和托管人的需求。 Stader Labs 已获得领先的加密投资者的资金，包括 Pantera Capital 和 Coinbase Ventures。