Stader
SDNon-custodial multi-chain liquid staking platform
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.53% | 7.69% | 9.18% | 15.22% | 16.70% | 31.79% |
Revenue & Burn
Protocol income
$1.34KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $1.34K | -- | -- | -- |
| Oct 2026 | $26.54K | -- | -- | -- |
| Sep 2026 | $25.99K | -- | -- | -- |
| Aug 2026 | $22.95K | -- | -- | -- |
| Jul 2026 | $24.3K | -- | -- | -- |
| Jun 2026 | $23.99K | -- | -- | -- |
Comparison
Tokenomics
Unlock Progress
Based on CoinGecko data, Current Unlock Rate for SD: 51.07%
On-chain Holding
| Holding Token | Price | Amount | Total Value |
|---|---|---|---|
| No Data | |||
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xae71...bece |   SD | 30,606,677.77 | 25.51% | $3.08M |
| Null: 0x000...001 (0001) | SD | 30,000,000 | 25% | $3.02M |
| 0x1c53...6c40 | SD | 8,581,019.85 | 7.15% | $863.9K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | SD/USD | $0.235 | $13,662 | $11,288 | $195,644 | 27.83% | |
| 2 | BBithumbCEX | SD/KRW | $0.2368 | $5,911 | $4,017 | $94,936 | 13.50% |
Follow Updates
Follow Lists
People
About Stader
Stader is a multi-chain liquid staking protocol issuing ETHx on Ethereum and BNBx on BNB Chain, with staking products for Polygon, Hedera and Near. Users deposit native tokens for a transferable staking receipt, and node operators are selected through a permissionless auction process. ETHx uses a tiered fee structure in which the protocol takes a share of staking yield and maintains an insurance pool covering slashing and downtime losses; SD is the governance and security token, and the protocol buybacks SD quarterly with 20% of revenue. An SD Utility Pool launched in May 2026 lets holders delegate SD to ETH node operators.
It is a second-tier supplier in Ethereum liquid staking, distinguished from Lido by heavier reliance on a dispersed operator set and a lower take rate. ETHx held 114,224 ETH in mid-June, about 0.8% of the Ethereum liquid staking market, on roughly USD 3 million of annualised revenue, which moves with ETH price and staking rates.
Stader Labs is a multi-chain liquid staking platform that has evolved through several key milestones. It launched on multiple chains including Hedera, Polygon, BNB Chain, Fantom, NEAR, and Terra 2.0, establishing itself as a leading liquid staking provider. In 2022, it conducted a public sale on Coinlist and raised $16.5 million in funding. A significant long-term event was the approval of the proposal to burn 20% of SD tokens (30 million out of 150 million total supply), which was completed to address low liquidity and high FDV concerns, reducing supply to 120 million. Another major milestone was Coinbase adding SD to its listing roadmap and subsequently listing it, increasing accessibility and liquidity. These events mark Stader's strategic focus on tokenomics optimization and exchange integration, which are pivotal for its sustainable growth in the DeFi ecosystem.
Incentives: the SD Utility Pool went live on May 12 as part of ETHx tokenomics phase two, letting holders delegate SD to Ethereum node operators; the protocol still runs quarterly buybacks funded by 20% of revenue, executed in the latest cycle.
Fundamentals and volatility: ETHx held 114,224 ETH on June 15, only about 0.8% of the Ethereum liquid staking market, on roughly $3 million of annualized revenue; in mid-May SD swung 55.9% intraday on volume more than 20 times normal, without a single catalyst.
On September 22, 2026 Stader completed a node operator incentive cycle, paying ETHx operators who served between August 5 and September 2 a 5% reward denominated in SD. The design ties validator income to protocol health: an operator needs only 4 ETH plus 0.4 ETH worth of SD as bond to run a validator, far below the 32 ETH required for solo staking.
In June Stader's MaticX contract finalised its exchange rate and entered a multi-year redemption window as the Polygon side wound down, while from May ETHx and HBARX were integrated into Convex, Curve and SaucerSwap to thicken second-layer yield on liquid staking receipts. Disclosed TVL early in the year was about $558 million, mostly Ethereum, with deployments on Polygon, BNB Chain and Hedera and more than 40 DeFi integrations. The strategy cedes Ethereum to Lido and peers, concentrating resources on first-mover positions in long-tail proof-of-stake chains.
Stader narrows to chains where it still leads, deepens DeFi composability for ETHx and HBARX, and turns the operator bond and slashing model into reusable staking middleware.
Amitej Gajjala — Co-founder & CEO; IIT and IIM alumnus, formerly with Swiggy and A.T.
Kearney.
Sidhartha Doddipalli — Co-founder & CTO; leads multi-chain staking middleware engineering.
Dheeraj Borra — Co-founder & Protocol Lead; former engineer at LinkedIn and PayPal.
Rajath — Chief Business Officer; co-founder of Pillow.