Stake DAO is live. Airdrop in progress !

By 7Fx | F | 21 Jan 2021

Stake DAO — a new multi-service DeFi platform built by the community.

Stake DAO removes the need to stake assets across multiple platforms providing a simple solution for staking a variety of tokens all from one dashboard. From Stake DAO, users can search through the best of DeFi and choose from the best products to help them beat the market.

Stake DAO users will be able to invest in NFTs used in systems such as Sorare, Axie Infinity or Cometh through the first NFT Hedge fund — BlackPool.

Brand new concepts such as Social tokens will also be condensed into unique index funds, meaning users can easily gain exposure to the newest emerging digital economies.

Users can deposit into advanced DeFi concepts which generate profit through Liquidation bots or Flashloan strategies.

Convert fiat to crypto with Stake DAO. Users can purchase a range of crypto assets including ETH, DAI, or USDC, directly from their bank account or debit card with EUR, GBP or USD, providing a seamless on ramp to DeFi and the entire crypto industry. These assets can then be swapped into any one of the hundreds of tokens available in Stake DAO Swap.

Stake DAO also supports Polkadot, Solana and Near, with plans to add further networks in the future with features such as liquid staking and cross-chain bridges.

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).

Stake DAO Token

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.

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.

Stake DAO will airdrop a percentage of the token supply.

The airdrop will go to:

How many? 1.5 million SDT tokens (1.5% of total SDT supply)

To Who?

We have created a list of addresses who are active members of the following projects:

Gitcoin Round 8 Donors (39% airdrop)
$JULIEN holders (5% airdrop)
Addresses registered with RektHQ (5% airdrop)
Lido contract depositors (5% airdrop)
Arbitrage DAO users (1% airdrop)
Participators in governance of 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