Liquidity providers or anyone who receives SDT may choose to sell their SDT token to buyers who wish to use it in order to receive cashback. Since the active supply of SDT token is always increasing due to investors receiving freshly minted SDT, the share of inactive SDT holders will continually be diluted. Once users have on-boarded and staked their assets, in addition to receiving rewards in their staked currency, our users will be rewarded with the Stake Dao Token (SDT).
SDT is the token of Stake DAO, earned by users who deposit their tokens into the DAO.
After a set duration, SDT tokens are disbursed to all users in proportion to the amount of fees that their deposit generated for the DAO.
SDT holders can then stake their earned SDT to receive a share of the DAO fees.
Claiming rewards requires no action from the user.
The SDT token will also provide governance rights to the holder, and Stake DAO will become unstoppable — a fully governance controlled DeFi protocol.
SDT holders will then be able to vote on topics such as adding a new token to the DAO or changing token distribution rates, or they can use their SDT to open a new vote, and propose other changes to the DAO.
By giving both DAO staking rewards and governance rights to SDT stakers, team turn all users into active Stake DAO stakeholders. This system not only rewards early adopters with more voting power, it also rewards collective long-term thinking and aligns the incentives between SDT holders and the Stake DAO protocol beyond a simple service provider relationship.
Liquidity providers or anyone who receives SDT may choose to sell their SDT token to buyers who wish to use it in order to receive cashback. Since the active supply of SDT token is always increasing due to investors receiving freshly minted SDT, the share of inactive SDT holders will continually be diluted. Therefore, SDT holders have a strong incentive to also become Stake DAO service investors in order to avoid dilution.
Stake DAO is a flexible system that will grow and develop along with the DeFi industry. Any developer or protocol that wishes to offer their services to the DAO can simply make a pull request on Github, and the SDT token holders will decide whether their proposal passes or not.
This community driven approach means Stake DAO will always provide users with exposure to the latest opportunities, and will encourage growth across the industry by providing developers with a platform from which to grow their protocol.
Team have created a list of addresses who are active members of the following projects:
You will be able to claim your SDT from Wednesday, 20 January 2021 22:37:13 GMT.
After a period of 48 hours - Friday, 22 January 2021, 22:37:13 GMT, the claimable amount will begin to decrease by 10% every day for 10 days.
Within a very short time you will be able to stake your Uniswap LP tokens via the interface to receive more SDT. SDT LP Stakers will receive 5 SDT per block.