Stader
Crypto Overview
Overview
Stader is a decentralized staking platform that aims to simplify and optimize staking across multiple blockchain networks. The SD token serves as the protocol's governance and utility token.
Intended Utility
The primary purpose of SD is to facilitate governance of the Stader protocol and provide utility within its staking ecosystem. Token holders can participate in protocol governance decisions and receive rewards from protocol fees.
Actual Utility
Stader is actively used across multiple blockchain networks including Polygon, BNB Chain, Fantom, and Hedera. The platform has achieved significant adoption with over $500 million in Total Value Locked (TVL) across various chains. The development team maintains regular updates and improvements to the protocol.
Token Distribution and Founder Analysis
The token distribution includes vesting schedules for team members and early investors, with gradual unlocks over multiple years. The founding team has demonstrated consistent development work and maintains transparent communication about protocol updates and developments.
Technical Implementation
The protocol facilitates liquid staking derivatives, allowing users to stake their tokens while maintaining liquidity. While this involves a form of staking, it does not implement traditional interest-bearing mechanisms but rather distributes staking rewards based on network participation.
Crypto Impact
To assign a comfort level investing in Stader from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Stader.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.