Stake DAO
Stake DAO is a non-custodial liquid staking platform focused on governance tokens, enabling users to boost yield and voting power while maintaining liquidity.
Overview
Stake DAO is a decentralized, non-custodial liquid staking platform that primarily targets governance tokens. It allows users to stake their governance tokens and receive liquid representations called sdTokens, which maintain liquidity while increasing voting power and yield. The platform supports a variety of governance tokens such as CRV, PENDLE, YFI, BAL, and others, enabling users to participate in governance while still having access to their assets for trading or other DeFi activities.
The platform's core features include Liquid Lockers, which convert governance tokens into sdTokens to boost yield and voting power, and a suite of sophisticated yield strategies that optimize returns on staked assets. Stake DAO also offers a fully on-chain bounty system called Votemarket, designed to incentivize liquidity provision efficiently and securely. Integration with major DeFi protocols like Curve, Pendle, Balancer, and Frax further enhances its utility and composability.
What sets Stake DAO apart is its focus on governance token staking combined with liquidity preservation, allowing users to maximize both yield and influence in governance decisions without locking up assets. Its non-custodial design ensures users retain control over their tokens. The platform currently manages over $48 million in Liquid Lockers TVL and $14 million in strategies TVL, reflecting growing adoption. Developers and teams can get started by exploring the open documentation, deploying strategies, and utilizing the platform's calculators and governance tools.
The Problem
Governance token holders often face the dilemma of locking tokens to participate in governance, which restricts liquidity and trading opportunities. Additionally, maximizing yield on governance tokens while retaining voting power is complex and inefficient with existing tools.
The Solution
Key Features
Liquid Lockers Protocol
Converts governance tokens into liquid sdTokens to maintain liquidity and voting power.
Votemarket on-chain bounty system
A secure and efficient mechanism to incentivize liquidity provision and governance participation.
Yield optimization strategies
Sophisticated strategies to maximize returns on staked governance tokens.
Key Strengths
How Developers Use Stake DAO
Maximizing governance influence without sacrificing liquidity
Governance token holders stake tokens to gain voting power while using sdTokens to trade or provide liquidity.
Yield farming with governance tokens
DeFi developers and users deploy or participate in yield strategies that optimize returns on staked governance tokens.
On-chain liquidity incentivization
Projects use the Votemarket bounty system to efficiently incentivize liquidity providers and align governance incentives.
Works Well WithEthereumBNB Smart ChainzkSync EraBase
Fraxtal
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Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via Discord and Telegram |
| Analytics |
Resources
Stake DAO provides comprehensive documentation, governance forums, and active community channels to support developers and users in deploying strategies and participating in governance.