|All Time High:|
|Market Cap: |
|The price of #SDT today is $0.29 USD.|
The lowest SDT price for this period was $0, the highest was $0.295, and the current live price for one SDT coin is $0.29467.
The all-time high SDT coin price was $17.25.
Use our custom price calculator to see the hypothetical price of SDT with market cap of ETH or other crypto coins.
|The code for Stake DAO crypto currency is #SDT. |
Stake DAO is 2.7 years old.
|The current market capitalization for Stake DAO is $15,582,765.|
Stake DAO is ranking downwards to #452 out of all coins, by market cap (and other factors).
|The trading volume is weak during the past 24 hours for #SDT.|
Today's 24-hour trading volume across all exchanges for Stake DAO is $588.
|The circulating supply of SDT is 52,882,016 coins, which is 85% of the total coin supply.|
|SDT has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 3 crypto exchanges.|
View #SDT trading pairs and crypto exchanges that currently support #SDT purchase.
|Note that there are multiple coins that share the code #SDT, and you can view them on our SDT disambiguation page.|
Concentrator supercharge our CRV Liquid Locker with the veSDT boosted asdCRV vault!
Aladdin has built an auto-compounding vault on top of Stake DAO CRV Liquid Locker and added a veSDT boost delegation feature to increase rewards. Let’s dive in … More yield less efforts on your sdCRV. Stake DAO Liquid Lockers allow users to get veTokens boosted yield and voting power without any lock-up. The compounder by Concentrator auto-compounds token rewards to maximize revenue and minimize the effort. By depositing sdCRV in the compounder a user will get asdCRV, an auto-compounding wrapper of sdCRV allowing users to get more yield with less effort. 1- All yield (CRV, 3CRV and SDT) are automatically compounded into sdCRV. 2- Transactions gas fee is spread between all holders, making it super cheap. 3- No action needed from the user after the deposit There is more! asdCRV holders will also get an up to 2.5x boost thanks to veSDTs without having to lock any veSDT! Here is how it works. veSDT boost delegating veSDT is Stake DAO’s governance token, among other things, it allows users to boost strategy yields. As it depends on the share of veSDT owned and the share of total deposit in the strategy, sometimes users can’t get the ultimate boost. Some users also want to get boosted strategies without having to lock SDT. To satisfy all users, Concentrator built a veSDT boost delegation strategy. The veSDT boost delegator allows veSDT holder to get rewards against the delegation of their veSDT boost and asdCRV h...
Stake DAO integrates Solace Portfolio Insurance SDK
Solace and Stake DAO have joined forces to help users grow and protect their assets. - Through an integration with Solace’s SDK, Stake DAO users now have the ability to secure coverage for their Stake DAO assets right at the point of deposit. — How does it work - Solace Portfolio Insurance (SPI) covers all the DeFi positions inside the wallet against technical risks (Learn more here). SPI uses Zapper API for risk scoring and to track users’ positions, including the Stake DAO vaults across Ethereum and Polygon. Even as a user changes their portfolio positions, Solace monitors changes and adjusts the risk rate dynamically for coverage accordingly. This prevents investors from having to constantly manage their policy and overpaying for it. In case of an exploit, a user doesn’t need to file a claim — Solace provides proactive payouts within 7 days. To buy a policy through Stake DAO Liquid Lockers, the user needs to click on More, then to Insurance. The Purchase Policy button can be found in the top right of the window. The app will request approval from the user to spend USDC. After the user has approved the transaction, they can set a cover limit. Once purchased, the Solace insurance covers all assets within the wallet. The SPI interface displays all assets within the portfolio, along with a risk level, policy rate, and recommended cover limit. About Stake DAO Stake DAO is a non-custodial platform that...
Introducing Hedging Vaults by Stake DAO Derivatives.
One year ago, Stake DAO launched its first derivatives strategy. It brought to the market the innovation of selling fully collateralized options while using this collateral to farm in some of DeFi’s most profitable yield farming strategies, thereby skewing the risk profile of the strategy in favor of the user. Now widely replicated by the market, these strategies have proven their efficiency, even though they can suffer in a highly volatile market. However, due to the success of these strategies, a lot of protocols followed Ribbon and Stake DAO’s path to build new DOVs (Defi Option Vaults), either on different assets, different timeframes, different chains, or simply pure forks. The TVL across those DOVs has surged, as shown in this article. Due to this phenomenon, hundreds of millions of options are sold in the market every Friday, representing a huge chunk of the total daily volume, regardless of the price of those options. This massive selling pressure brought down the price of options, and therefore, the implied volatility became incredibly underestimated compared to the true volatility experienced by the market. This initial back testing, which led to the choice of 0.1 delta as the main strategy, became outdated. Stake DAO reacted to this by developing their own volatility model to make sure the risk profile of the strategy stayed stable. But this couldn’t change the fact that a structural imbalance is present in ...
Stake DAO Q2 Report — 2022
Stake DAO Q2 Report — 2022 - — Agenda - TL;DR (Introduction + H2 2022 Roadmap), Total Value Across the Verticals, Total TVL, Liquid Lockers, Liquid Lockers Use Cases, Options Vaults, Passive Strategies, P&L, veSDT, Treasury, Trading analysis, Trading performance, Liquidity overview, Data Sources The data in this Quarterly Report is taken from our own internal analysis and on-chain data, as well as from external sources such as The Block, Token Terminal, and Dune Analytics. — TL;DR - — H1 Highlights: - Stake DAO TVL as of the end of June 2022 across the entire Platform is at $200M, marking a 50% decrease in comparison to 2022 Q1. This decrease is in line with the decrease in TVL in the DeFi industry, which exceeds 60% according to DeFillama, going from $229B to $80B. The main decrease in the Stake DAO TVL was caused by the ending of the AVAX delegation from the Avalanche foundation., Cumulative Protocol Earnings are nearly $12M since inception in January 2021 with today’s asset market prices., The Liquid Lockers have been showing an excellent rate of adoption, and multiple DAOs have already chosen to adopt the newly designed infrastructure to boost their voting power and yield across the platforms currently on offer (CRV, FXS, ANGLE, BAL)., — H2 Roadmap: - Some of the planned improvements for Stake DAO in H2 2022: Release a new User Interface which will integrate the Stake DAO V2 pro...
Build up long term voting power with Liquid Lockers
TL;DR - Alchemix leveraged the Stake DAO Liquid Lockers to boost their voting power by 1.39x, and earn yield that will increase their governance power even more, while spending only a third of what they were previously having to pay with bribes. In order to attract liquidity, DAOs regularly use bribing mechanisms to attract CRV emissions to their token’s Curve pools. At first glance, bribes seem to present a flexible and cost-effective alternative to keeping capital locked in maintaining a sizable veCRV reserve. However, as competition heats up, so does the bribe market, with raised prices making bribing less and less attractive, especially for recurrent voting. As the following example demonstrates, protocols can retake direct control of their voting power through Stake DAO’s new Liquid Lockers, breaking the assumption that vote ownership is either too expensive, or restrictive. Liquid Lockers allow protocols to own their vote-locked tokens with no trade-off. They maintain yield, voting power and flexibility, while veSDT amplifies all these benefits. Alchemix is amongst the first DAOs who have decided to implement the Liquid Lockers to boost their treasury. — Here is what’s happened so far:. — Alchemix was keen to improve the cost-efficiency of directing emissions to their Curve pools. Despite spending heavily on bribes, CRV rewards on their alUSD and alETH pools had been falling steadily from their late...
Stake DAO Integrates Chainlink Keepers to Help Automate Strategies
We’re excited to announce that we have integrated Chainlink Keepers on Ethereum mainnet. By integrating the industry-leading decentralised oracle network, we now have access to a secure and cost-efficient smart contract automation service to help us automate key smart contract functions. Decentralising in this way is meaningful to us as it aligns with one of our core goals: to create complete systems that can scale and function without the need for active management. We have integrated Chainlink Keepers to help us automate fee distribution, deploy user funds into strategies, and automatically compound rewards. This integration helps us to take another step towards becoming fully decentralised whilst rewarding users and improving performance. We decided to use Chainlink Keepers because they are operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars across DeFi. Chainlink’s time-tested infrastructure helps ensure that every fee distribution is executed on time in a trust-minimised manner. — What are Stake DAO strategies?. — Stake DAO strategies are built on top of the Curve Finance protocol, leveraging the veCRV owned by Stake DAO to boost the yield for all our users. Let’s do a deep dive into the Passive USD strategy to better understand how it works: This strategy invests USD stablecoins (DAI, USDC, USDT) deposited by the users into ...
ANGLE Strategies are live on Liquid Lockers!
For maximized yield on the ANGLE governance token. — Today, Stake DAO launches a first-of-its-kind strategy giving anyone a way to earn the highest possible yield on ANGLE in a couple of clicks. By depositing in the ANGLE Strategies, users can cut gas costs and maximize the earning power of their ANGLE holdings, enjoying total flexibility over reward-claiming.What is Angle? Angle is the first decentralized, capital efficient and over-collateralized stablecoin protocol, having launched the market’s first liquid decentralized Euro stablecoin. As a permissionless protocol, Angle can be used to issue any type of stablecoin. More info here: https://www.angle.money/How do the strategies work? By supplying the ANGLE Liquidity Provider token (SanToken) to ANGLE Liquid Locker Strategies, users can leverage the maximum boost on yields (2.5x) thanks to the veANGLE tokens accumulated in ANGLE Liquid Lockers. There is no auto-compound feature on LL Strategies — users are free to decide what they do with the rewards generated from each strategy (see HOW TO USE ANGLE STRATEGIES section).How to use ANGLE Strategies — To deposit. — First, navigate to the Angle app->Yield. 🔗 https://app.angle.money/#/slp Deposit in your pool of choice and receive its corresponding LP token (SanToken). Head to Stake DAO Liquid Lockers->Stake, and scroll down to Strategies. 🔗 https://lockers.stakedao.org/ Click on the strat...
Stake DAO Q1 Report — 2022
Stake DAO Q1 Report — 2022 — A data-driven look at Stake DAO’s performance in Q1. — AgendaTL;DR (Introduction + Q2 2022 Roadmap)Total Value Locked (TVL)ProtocolsStrategyOption strategiesLiquid LockersP&LSanctuary/ PalaceTreasuryMarket analysisLiquidity overviewPlatform traffic analysisStake DAO APYs — Data Source. — The data used in this Annual Report is taken from internal analysis, on-chain data, as well as from external sources such as The Block, Token Terminal, and Dune Analytics.TL;DR Q1 + Q2 RoadmapTVL as of 31 March 2022 across the Platform exceeded $633M, marking a 20% decrease in comparison to 2021 Q4; correlating with the decline in the market this quarterCumulative Protocol Earnings nearly $12.7M since inception in January ‘21SDT currently has a Market Cap/ TVL of (0.05) and P/E (3.1x) ratioLaunched Stake DAO Liquid Lockers beta version & veSDT. New features and integrations will be built for the Liquid Lockers platform in the coming weeksThe DAO has significantly expanded the size of the contributor team in Q1, and started to create reserves in the quarterly budget to take potential new hires into account.Tentative Q2 RoadmapThe main focus next Quarter on the development side will be to progressively build out the final version of Liquid Lockers for the liquid staking of Governance tokens (CRV, FXS, ANGLE). Here is a comprehensive breakdown of all the features w...
How to migrate from Perpetual Passive Strategy to CRV Liquid Locker
For boosted yield, SDT incentives, and more. — If you have been staking in the Perpetual Passive Strategy pool on Balancer, you’ll need to follow these instructions to enter the new CRV Liquid Locker. You will receive 1 sdCRV for every 1 sdveCRV you deposit. — 1. Unstake from LP Farming. — First, you’ll need to unstake from the Balancer sdveCRV-CRV LP pool on the Stake DAO LP Farming tab. If you’re not staking your Balancer pool tokens in LP Farming, you can skip this step. — 2. Withdraw from the Balancer pool. — Next, you’ll need to unstake from the sdveCRV-DAO pool on Balancer. Select sdveCRV-DAO from the drop-down menu, preview, then approve the transaction. — 3. Mint & stake on Liquid Lockers. — Head to https://lockers.stakedao.org/ and click on the CRV locker. Select Mint, “USE SDVECRV,” and approve stake. Approve and execute the transactions. That’s it! You’re now earning maximum boosted yield on CRV, Curve voting power, plus (coming soon) SDT incentives, boosted voting with veSDT, and bribes! Find us Twitter: https://twitter.com/StakedaoHQ 🕊️ Discord: https://discord.com/invite/stakedaohq 👾 Website: https://stakedao.org 🌐
Winding Down of Alt Option Strategies
Stake DAO exists to provide only the market’s most advanced and highest performing strategies. Unfortunately, our UNI, LINK, and AAVE Covered Call Strategies have not met this standard, and thus, we have decided to reimburse users for gas costs and fees taken, then proceed to close these vaults. The following is an explanation as to how this happened, our intentions in launching the vaults, and what we plan to do to make sure that our community is taken care of. When we originally planned to launch our ALT covered-call vaults, we fully believed that there would be significantly higher demand from users. This did not play out as expected, as we saw that 2 out of 4 vaults fell short from reaching their caps, and the AAVE vault was unable to achieve more than a few hundred AAVE in deposits. The SUSHI vault did not receive any deposits, so we made the decision to close it a few weeks after launch.How this happened & what’s next Prior to building out these strategies, market makers assured us that they would be happy to trade options on UNI, AAVE, LINK, and SUSHI — unfortunately after launch, the market makers showed far less interest. This lack of interest drove the option prices down — as far as 10x lower than other options on the market — resulting in very bad risk ratios for our users. Finally, these vaults required a substantial amount of weekly maintenance, which were beginning to eat away at th...
More Stake DAO (#SDT) News
|Curve Impressively Adds 22% As Founder Sells CRV To Repay Aave Loan
CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week.
When writing on August 3, CRV is trading at $0.59, rising double digits after dropping to $0.48 on August 1 following a damaging hack that saw liquidity providers in several pools lose funds.
Whales Stepping In To Buy CRV
This recovery is attributed primarily to strategic actions by notable crypto whales who have stepped in to mitigate risks on DeFi should CRV prices continue to tank. Meanwhile, Michael Egorov, the founder of Curve and one of the largest CRV holders, has been actively unloading tokens in the secondary market.
Egorov is selling to whales like Justin Sun, the founder of Tron, and other venture capitals and decentralized autonomous organizations (DAOs). The founder held around 292 million CRV and used a big percentage to back his loans.
On-chain data indicates that on August 2, Egorov sold 3.75 million CRV tokens to Yearn Treasury and another 1.25 million CRV tokens to Stake DAO Governance via the over-the-counter (OTC) market.
Egorov has, overall, sold 59.5 million CRV to various institutions and investors, yielding approximately $23.8 million. These OTC sales are at significant discounts, reflecting the founder's efforts to stabilize CRV prices and prevent further contagion.
The July 30 hack saw attackers steal fund...
|Terraform Labs Co-Founder Daniel Shin's Firm Chai Reportedly Raided by S...
Following the collapse of FTX, law enforcement officials are still dealing with the Terra blockchain fiasco. A new report claims Terraform Labs (TFL) co-founder Daniel Shin’s company Chai Corporation was raided by South Korean investigators.Terraform Labs Co-Founder's Company Chai Reportedly Raided by South Korean Law Enforcement
The Terra blockchain that collapsed last May was a crypto project co-founded by two individuals — Do Kwon and Daniel Shin (Shin Hyun-seung). Similar to the FTX fiasco, Shin was more of a silent partner like FTX’s co-founder Gary Wang.
A report from Forkast details that the Seoul Southern District Prosecutors' Office has raided Shin’s company Chai Corporation. The firm Chai is a payments company that was created by TFL co-founder Shin and it has been said that Chai was closely connected to TFL operations.
For instance, on May 28, 2022, the whistleblower Fatman published a thread about Kwon being involved in a premine project that allegedly worked in unison with Shin’s Chai. Fatman detailed that TFL premined a token called SDT and it was allegedly leveraged to cash out via Chai using the Terra blockchain’s Korean won (KRW) token.
Other reports were curious about the Chai and TFL partnership after monitoring the KRW token’s (also known as KRT) relationship with Chai. Forkast details that local reports have said Chai’s KRW token (KRT) functionality was discontinued in March 2022.
Forkast noted that South K...
|Laura Shin Asks Terra's Do Kwon The Tough Questions. What Did We Learn?
This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin’s Unchained Podcast, titled ‘It Was Never Really About Money or Fame or Success’, the Terra creator faces serious scrutiny. Do Kwon denounces media misinformation, denies several serious charges and gives a play-by-play explanation of the organization’s movements during the crash. And he sweats bullets.
Laura Shin did her homework, and relentlessly puts forward the questions most Terra investors have. She does this in a non-threatening, extremely professional way. Do Kwon answers all of her questions. Some better than others, but the man does show his face and answers, which is a lot. Compassionately, Laura Shin also gives Do Kwon a second opportunity to say sorry to Terra’s affected investors and their families. He would’ve come across much worse if she hadn’t offered that second chance.
The episode’s intro says:
“Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices.”
This is the video:
This Do Kwon interview is one for the books, everybody interested in the subject should watch it. Let’s bring out the bullet points and analyze this phenomenal piece of media.
Do Kwon On His Location And “On The Run” Status
He claims he doesn’t live in South Korea anymore and he...
|While the New LUNA Records Gains, Do Kwon's Terraform Labs Is Plag...
It's been two days since the Terra development team launched the new Phoenix-1 blockchain with the network's native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token's 24-hour rise, controversy continues to plague Do Kwon and Terraform Labs. Moreover, the old token, luna classic (LUNC), has been climbing in value as the crypto asset has gained more than 70% during the last day.New LUNA Coin Jumps Over 8% Higher on Monday, Token Is Still Down More Than 64% From the Recent Price High
It's been roughly more than 48 hours since the birth of the new Terra blockchain and crypto asset LUNA. During the first couple of hours of trading, the new LUNA changed hands at an all-time high (ATH) at $18.87 per coin. Presently, the price is 64% lower than the ATH, even with today's gains. According to coinmarketcap.com stats, there's 210,000,000 LUNA tokens in circulation, but the web portal notes the number is not 100% verified.
The number of coins in circulation times LUNA's current value shows that the coin's market capitalization is around $1.35 billion today. The coin's 24-hour trading range has been between $5.51 and $6.74 per unit on May 30, 2022. Currently, LUNA has around $145 million in global trade volume over the last 24 hours, but that's down 48.6% since yesterday. The most active exchanges trading LUNA today include Gate.io, Okx, Bybit, Mexc, and Kucoin, respe...