Stader Q1 2024 Report
Welcome to the Q1 ’24 Report of Stader Labs. It has been an eventful 2024 with new summits scaled and innovative projects launched. Here’s a comprehensive overview of the performance of what it has looked like till now.
Highlights
- Current TVL stands at $675M, marking an impressive 600%+ y-o-y growth.
- Users staking with Stader climbed to 96K+ users.
- SD Utility Pool was launched and already has 1.8M+ delegated $SD in less than a month from its launch.
$SD
$SD is no longer just a governance token. It has now become a utility-bearing protocol with the launch of the SD Utility Pool.
SD Utility Pool
Launched on March 5 ’24, SD Utility Pool is the latest addition to our long list of product offerings. A first-of-its-kind product in the Ethereum LST space that:
▹ Rewards protocol token holders for contributing to the decentralization of Ethereum
▹ Enhances accessibility for NOs on ETH by eliminating their governance token exposure.
In less than a month since launch, it has $1.8M+ worth of $SD delegated & $367K+ worth of $SD utilized. The Pool currently offers a healthy reward of ~36%.
$SD can also be used to generate additional defi opportunities on ETHx, MaticX, and BNBx.
Here’s a list of TOP picks for $SD:
- ~43% rewards on SD/BNBx LP on Thena
- ~37% rewards on SD/ETHx LP on Balancer
- ~20% rewards on SD/MaticX LP on Balancer
Top DeFi opportunities across the Stader ecosystem
Let’s visit the BEST DeFi opportunities currently available on different protocols across the Stader ecosystem.
Stader x Ethereum
Launched last year, the Ethereum chain has grown into the biggest store of value for Stader’s Liquid Staking offerings. Currently, we’ve $466M+ TVL across 21K+ stakers. Recently ETHx, Stader’s LST on Ethereum, went live on Arbitrum & Optimism.
Here’s a list of top picks on Ethereum:
- ~105% rewards on ETHx/USDC in PancakeSwap
- ~80% rewards on ETHx/wstETH in PancakeSwap
- ~33% rewards on ETHx yield optimizer in Equilibra
Stader x Polygon
MaticX, Stader’s LST on the Polygon network, is the biggest LST solution on the chain with $150M+ TVL. Recently, we’ve also integrated with SafePal as their preferred staking partner on the same network.
Here’s a list of top picks on Polygon:
- ~20% rewards on MaticX/SD in Balancer
- ~12% rewards on Leverage staking in CIAN
- ~8% rewards on wMaticX/Matic LP in Balancer
Stader x BNB
On the BNB front, we are making major headways in Thena. Here are the top picks you can benefit from:
- ~48% rewards on BNBx/BTC LP in Thena
- ~43% rewards on BNBx/SD Pool in Thena
- ~13% rewards on BNBx/BNB LP in Thena
That’s a wrap for our Q1 ’24 Report. Meanwhile, we’re hosting SD Splash Season to celebrate the launch of the SD Utility Pool. Rewards and campaigns such as gas-free delegation are up for grabs! Interested in taking part? Drop your mail here to get the latest updates straight to your inbox.
