Recently, Stake DAO has released an announcement related to the project including information about the token as well as the project’s airdrop.
Please refer to the relevant information so that you do not miss this delicious opportunity!
What is Stake DAO (SDT)?
Stake DAO is a project that helps you manage all staked assets on the same dashboard.
Also Stake DAO users can invest in NFTs used in apps like Sorare, Axie Infinity or Cometh through the first NFT hedge fund – Blackpool
Stake DAO (SDT) Highlights
- Users can access the latest trends in the market by combining new products (eg Social tokens, .. ) into index funds.
- Users can deposit into farming strategies and generate profits through liquidation bots and Flashloan strategies.
- Convert fiat to Crypto: Users can buy a large amount of Crypto assets such as: DAI, ETH, USDC,… directly from a bank account with a debit card EUR, USD, GBP,…
- The Stake DAO supports multiple networks beyond Ethereum such as Polkadot, Solana, and Near and will support more in the future with features like liquid staking and cross-chain bridges.
Token Stake DAO (SDT) Information
Key Metrics Stake DAO (SDT)
- Token Name: SDT token
- Ticker: SDT
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x73968b9a57c6e53d41345fd57a6e6ae27d6cdb2f
- Token type: Utility, Governance
- Total Supply: 100,000,000 SDT
- Circulating Supply: Updating..
Stake DAO token
SDT is a token of Stake DAO and is rewarded to users for depositing tokens, and in DAO, those tokens will be distributed in proportion to the amount of fees that the deposited tokens generate.
Token use cases include:
- Staking: Stake SDT to get fee share from DAO
- Governance: SDT holders will have administrative rights to the protocol. They will have benefits such as: adding more tokens to the DAO, changing the token distribution rate, proposing changes, ..
LPs that receive SDT can choose to sell tokens to those who want a share of the fee. Because the total supply of SDT tokens is always increasing because whoever deposits receives SDT, the share of fees shared by holders will decrease if they are not continuously active in the Stake DAO.
The Stake DAO itself is a flexible system that can be compatible and evolved to fit the needs in DeFi so any dev or protocol that wants to integrate inside the DAO can request it through github and wait for approval. agreement from the project. This will help StakeDao always be able to update and develop the protocol.
Partner
Some of the major partners of Stake Dao.
Airdrop information
Quantity
1.5 million SDT tokens (1.5% of total SDT supply)
Eligible Subjects
- Supporters on Gitcoin Round 8 (39% airdrop).
- JULIEN holder (5% airdrop).
- Register an address on RektHQ (5% airdrop).
- Those who deposit into the contract of lido (5% airdrop).
- Users of DAO (1% airdrop)
- Participate in governance, vote on the following protocols: (45% airdrop).
Aave, Aavegotchi, Aragon, Aragonchina, Archerdao, Badgerdao, Balancer, Cartel, Cover, Cream, Curve, D5, Dai, Dollar protocol, Eth, Farm, Gnosis, Honeyfinance, Kleros, Lexdao, Metafactory, Mstable, Pickle, Pooltogether, Rarible , Sushipowah, Uniswap, Yamv2, Yearn.
Note: The time to receive the airdrop to the address is within 12 days from January 20, 2021. From the 22nd onwards, the SDT reward will be reduced by 10% every day, the unclaimed SDT will be redistributed to the users in the later stage, the recipients include
- Participate in the governance of the Stake DAO
- Provide liquidity on Sushiswap and Uniswap
- Provide liquidity for Vaults and other products
- Participate in governance proposals
- Dedication to the Stake DAO ecosystem or community.
You can stake Uniswap LP token on DAO stake to receive more SDT from 21/01/2021, 5 SDT/block.
Instructions for receiving airdrops
It’s very simple, you just need to go to stakedao.org, connect the metamask wallet to see if you can receive this airdrop, that’s quite a lot of money :v
If your left hand side shows the other Claim table, it means you are eligible to receive an airdrop from Stake DAO.
Epilogue
Above is the overview information and instructions for receiving the Stake DAO airdrop. Let’s try to see if you can get the reward.
Stake DAO itself has a very good concept that I think will be mentioned a lot in the near future, a project worth following.
Source: What is Stake DAO? Instructions to receive $1,000 airdrop from the project
– TechtipsnReview
