Welcome to the Q1 ’24 Report of Stader Labs. It has been an eventful 2024 with new summits scaled and innovative projects launched. Here’s a comprehensive overview of the performance of what it has looked like till now.

Highlights

1. Current TVL stands at $675M, marking an impressive 600%+ y-o-y growth.
2. Users staking with Stader climbed to 96K+ users.
3. SD Utility Pool was launched and already has 1.8M+ delegated $SD in less than a month from its launch.

$SD

$SD is no longer just a governance token. It has now become a utility-bearing protocol with the launch of the SD Utility Pool.

SD Utility Pool

Launched on March 5 ’24, SD Utility Pool is the latest addition to our long list of product offerings. A first-of-its-kind product in the Ethereum LST space that:

▹ Rewards protocol token holders for contributing to the decentralization of Ethereum
▹ Enhances accessibility for NOs on ETH by eliminating their governance token exposure.

In less than a month since launch, it has $1.8M+ worth of $SD delegated & $367K+ worth of $SD utilized. The Pool currently offers a healthy reward of ~36%.

$SD can also be used to generate additional defi opportunities on ETHx, MaticX, and BNBx.

Here’s a list of TOP picks for $SD:

• ~43% rewards on SD/BNBx LP on Thena
• ~37% rewards on SD/ETHx LP on Balancer
• ~20% rewards on SD/MaticX LP on Balancer

Top DeFi opportunities across the Stader ecosystem

Let’s visit the BEST DeFi opportunities currently available on different protocols across the Stader ecosystem.

Stader x Ethereum

Launched last year, the Ethereum chain has grown into the biggest store of value for Stader’s Liquid Staking offerings. Currently, we’ve $466M+ TVL across 21K+ stakers. Recently ETHx, Stader’s LST on Ethereum, went live on Arbitrum & Optimism.

Here’s a list of top picks on Ethereum:

• ~105% rewards on ETHx/USDC in PancakeSwap
• ~80% rewards on ETHx/wstETH in PancakeSwap
• ~33% rewards on ETHx yield optimizer in Equilibra

Stader x Polygon

MaticX, Stader’s LST on the Polygon network, is the biggest LST solution on the chain with $150M+ TVL. Recently, we’ve also integrated with SafePal as their preferred staking partner on the same network.

Here’s a list of top picks on Polygon:

• ~20% rewards on MaticX/SD in Balancer
• ~12% rewards on Leverage staking in CIAN
• ~8% rewards on wMaticX/Matic LP in Balancer

Stader x BNB

On the BNB front, we are making major headways in Thena. Here are the top picks you can benefit from:

• ~48% rewards on BNBx/BTC LP in Thena
• ~43% rewards on BNBx/SD Pool in Thena
• ~13% rewards on BNBx/BNB LP in Thena

That’s a wrap for our Q1 ’24 Report. Meanwhile, we’re hosting SD Splash Season to celebrate the launch of the SD Utility Pool. Rewards and campaigns such as gas-free delegation are up for grabs! Interested in taking part? Drop your mail here to get the latest updates straight to your inbox.