Stake DAO is a new multi-service DeFi platform built by the community.
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- How can I earn Stake DAO Tokens (SDT)?
SDT is the token of Stake DAO, earned by users who deposit their tokens into the DAO. Utilizing the staking integration with all major protocols, as well as DeFi investment strategies.
After a set duration, SDT tokens are disbursed to all users in proportion to the number of fees that their deposit generated for the DAO.
- How to stake SDT?
The main purposes of Stake DAO Tokens are to incentivize liquidity providers on the Stake DAO platform as well as getting as many users as possible involved in the governance of the protocol. Currently, SDT has two main uses: voting and staking. Staking will allow you to earn fees collected across the different products Stake DAO is offering.
SDT holders can then stake their earned SDT to receive a share of the DAO fees. Staking into the Governance Contract is a simple transaction that can be facilitated in the Stake DAO Governance Dashboard. Claiming rewards required no action from the user.
- How much can I earn staking SDT?
The Stake DAO platform is receiving performance fees and withdrawal fees on their offered strategies. These fees will be redistributed to holders of staked SDT.
- Is there any risk staking SDT?
There is a smart contract risk associated with utilizing the Stake DAO staking functionality. This is similar to all kinds of DeFi protocols.
- How to earn extra SDT via Liquidity Provision?