stake dao20
$sdt
MCAP10.26M
-7.54%

what's stake dao?

Stake DAO is a decentralized finance (DeFi) protocol built on Ethereum that specializes in liquid staking solutions for governance tokens. It enables users to lock governance tokens such as CRV, BAL, and others without sacrificing liquidity, by issuing liquid derivatives like sdCRV or sdBAL. These liquid tokens can be used in various DeFi applications while still accruing staking rewards and voting power. The protocol's core mechanism revolves around "Liquid Lockers," which are non-custodial vaults that optimize yields through strategies involving boosted rewards from platforms like Curve Finance and Balancer. Users deposit governance tokens into these lockers, receiving liquid versions that maintain exposure to underlying rewards and governance rights. Stake DAO also facilitates cross-chain operations and integrates with lending protocols like Aave to compound yields passively. Additionally, Stake DAO employs a governance model powered by its native token SDT, which holders can lock into veSDT for enhanced voting influence and revenue sharing from protocol fees. This setup creates a flywheel where locked tokens drive protocol decisions, such as strategy deployments and partnerships, ensuring community-led evolution in the DeFi ecosystem.

Snapshot

Stake DAO's sdCRV vault reached $40.2M TVL; a grant proposal vote begins January 29.

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ethereum

polygon-pos

arbitrum-one

15H ago
VISIBILITY EVENT

Featured in partnership content with thedefiedge discussing StakeDAO's role as a yield venue for pmUSD liquidity positions alongside Convex, Yearn, and Gearbox.

3D ago
WHALE ACTIVITY

KR1plc (a DAT Fund) holds 700,370 SDT tokens valued at approximately $110,010 as of February 25, 2026.

1W ago
ONCHAIN METRICS

OnlyBoost delivers 13.33% APR on the WETH/rETH pool on Balancer.

ONCHAIN METRICS

Has approximately $2,000 in TVL in the WETH/rETH OnlyBoost vault on Balancer as of February 19, 2026.

ONCHAIN METRICS

Achieves 26.84% APR on msETH/WETH pool on OnlyBoost, with 21.96% from $17.5K USDC rewards via Votemarket, renewed weekly.

TOKEN ECONOMICS

Distributed $70K in weekly voting rewards to Liquid Locker holders during the week ending February 17, 2026.

2W ago
TOKEN ECONOMICS

New OnlyBoost formula routes 28.4% of CRV inflation through Stake DAO's locker, up from 17% in December 2025.

ONCHAIN METRICS

TVL reached $134M, down 9.5% month-over-month in January 2026.

TOKEN ECONOMICS

Migrated to vlSDT with 1:1 voting power per staked SDT, no decay, no lock period, and an 8-week exit queue with instant exit penalty, enhancing boost mechanics and revenue capture.

ONCHAIN METRICS

Received a single deposit of $7M into the pyUSD/crvUSD pool.

VISIBILITY EVENT

Stake DAO, in partnership with GamiLabs, is a top candidate in Gnosis DAO's Treasury Management vote with 22 proposals competing.

PARTNERSHIP

Integrated with Origin Protocol Curve LP pools to offer boosted CRV rewards through OnlyBoost.

ONCHAIN METRICS

sdCRV trades at 0.675 CRV as of February 9, 2026.

1M ago
ONCHAIN METRICS

Reached $40.2M TVL in the sdCRV vault on Ethereum.

FINANCIAL EVENT

submitted H1-2026 Grant Proposal (SDGP-62) to fund protocol development, with voting scheduled to begin on 2026-01-29

ONCHAIN METRICS

Offers 9% APY on ETH liquidity provider positions.

VISIBILITY EVENT

Offers FRAX liquid staking via sdFXS on Fraxtal, allowing users to collect protocol revenue and use voting power to allocate rewards across the Fraxtal ecosystem.

PARTNERSHIP

Partnered with Yieldnest's STAK_Fi product, targeting 20% APY through DeFi strategies backed by $325M+ Australian RWAs, with Curve Finance also involved. Participates in YieldNest's Yield Season incentive program with Euler Finance, Curve Finance, Spectra Finance, Maia DAO, Uniswap, and Pendle.

TECH EVENT

Listed six ETH yield strategies: WETH/cbETH on Base chain, msETH, ETH+, frxETH, OETH, and alETH, all utilizing Curve Finance pools with OnlyBoost boosting.

RISK ALERT

Paused deposits and withdrawals on the msETH/WETH strategy due to a minor edge case in rebalance logic, with resolution already implemented and subject to a 48-hour timelock before resuming operations on 2026-01-14.

FINANCIAL EVENT

Distributed $10K Linea airdrop to sdZERO stakers on Linea, now claimable.

ONCHAIN METRICS

Received $2.7M in deposits into Raacfi pmUSD vaults on January 8, 2026, split between pmUSD/crvUSD vault ($1.4M) and pmUSD/frxUSD vault ($1.3M).

VISIBILITY EVENT

Participates in Balancer office hours on 2026-01-06 to discuss the newest vote incentives market and changes to gauge voting on Balancer.

TECH EVENT

Reached 15.15M vlAURA delegated as of 2026-02-25, becoming largest voter on Aura with 89.43% APR and rewards claimable every Thursday. Launched vlAURA delegation feature on Ethereum and Base networks.

TECH EVENT

Added LHYPE yield opportunity on Hyperliquid HYPE via Loopring staking

2M ago
PARTNERSHIP

Made Curve strategies eligible for discounted cover via OpenCover.

TECH EVENT

Integrated Enso's zap functionality, enabling deposits into any strategy from any token on any chain, withdrawals to any token, switching between vaults, and strategy-to-strategy migrations in single transactions for multi-chain strategies.

Curve strategies TVL reaches over $150M, up from $34M one year ago, with the frxUSD/crvUSD strategy holding $31M.

Integrated Beefy Finance with 11 auto-compounding boosted vaults. Reached $5M TVL across 13+ Curve vaults.

Launched Staking V2 with instant CRV reward claims and YB Liquid Locker with YB Votemarket deployment, distributing 136% APR in crvUSD rewards. Distributes weekly scrvUSD rewards to CVX delegators, with the next round ending 2026-02-25.

New Curated Vaults product line comes soon, featuring partnerships with Morpho, GamiLabs, IPOR, and LlamaRisk building on the yield infrastructure.

A new Pendle v2 pool for asdCRV launches on Ethereum with expiry date of June 25, 2025.

InverseFinance and Fraxfinance migrated vote incentives to Votemarket, with $808K across 79 veCRV campaigns and $26K across 8 veFXN campaigns, establishing Votemarket as the Balancer vote incentive leader.

Distributed $8,000 in fees to veSDT holders for the week ending February 20, 2026.

Historical holders of Aave GHO Pendle LP receive extra reward distribution in sGHO and FLUID tokens from AaveChan.

Votemarket Liquidity Mining Hook goes live, redirecting leftover MIM/Spell rewards into boosted vault as extra SPELL rewards. MIM/3CRV pool on OnlyBoost achieves 112.12% APR, with 106.71% from SPELL extra rewards via the hook.

The vlCVX round closed yesterday with delegators set to receive a record reward distribution.

The majority of CVX rewards for this bribe epoch were selected through Votemarket instead of Votium, causing a delay in reward distribution while waiting to claim from Votemarket.

Current Votemarket veCRV round distributes $808K across 79 campaigns for veCRV voters.

Distributed $122K this week and 400K sdCRV in the week ending February 10, 2026, setting a new record for the CRV Liquid Locker product.

Completes first native yield distribution of $18K (89% APR) in WBTC following Yield Basis fee switch activation. Partners with Asymmetry Finance on new Liquidity Mining Hook integration for afCVX/CVX liquidity, and vlCVX delegation reaches new ATH of 5.41M.

Launches Curated Vaults feature with GamiLabs and IPOR operating vaults that deposit into platform opportunities.

6M+ YB locked today as veYB locks accelerate before fee switch activation tomorrow.

Yield Basis fee switch activation set to begin, enabling veYB holders to earn protocol fees. sdYB holders positioned as top beneficiaries due to large veYB holdings.

Holds 4,150,000 YB locked, making it the 3rd largest veYB holder. Launched sdYB/YB liquidity pool with CRV rewards as sdYB minting reached 1.77M. Renewed SDT rewards.

Distributes $120K and 3,000 sdBAL tokens to Liquid Lockers holders across sdCRV, sdBAL, sdPENDLE, sdSPECTRA, sdFXS, and sdFXN from voting power through the BAL Liquid Locker product.

Asymmetry Finance leverages new Votemarket Liquidity Mining Hook feature where unspent veCRV vote incentive budgets automatically redirect to afCVX/CVX gauge, providing bonus CRV rewards to liquidity providers.

Completes first sdYB gauge vote replication onchain with 1.5M veYB locked as sdYB, and announces upcoming launch of first incentive campaigns on veYB Votemarket. Distributes $267K in total rewards across Liquid Locker holders ($157K), veSDT holders ($10K), and staked sdPENDLE holders ($100K), while conducting sdCRV buybacks to support liquidity.

3M ago

Locks over 2.5M $PENDLE as vePENDLE in sdPENDLE liquid locker, remaining the only growing Pendle Liquid Locker in the ecosystem.

Reached 6.4M+ vlCVX delegated, representing a 5% month-over-month increase, with automatic vote optimization across Votemarket and Votium platforms.

Secures over 5% of all vePENDLE, growing from 3% in recent months, and reaches $50M TVL in Curve Finance pegkeeper pools earning max-boosted CRV rewards for stablecoin yields.

Beefy integrates mainnet yield infrastructure, launching new autocompounding vaults built directly on strategies to deliver enhanced DeFi yields and provide existing users with autocompounding solutions for their positions.

Introduces cbBTC/WBTC Strategy as new yield source for yoBTC holders through Yield protocol integration, leveraging Curve ecosystem position to boost rewards for Bitcoin assets.

Distributes $157K this week to Liquid Lockers holders from voting power, an increase from $130K the previous week.

Distributes $153K vePENDLE rewards to sdPENDLE holders, $130K to Liquid Locker holders, and $10K to veSDT holders, including $10,000 USDC on February 12, 2026. sdYB holders gain active voting in Yield Basis gauge rounds with on-chain vote replication every Tuesday and one-click migration.

Liquid Locker is the only Pendle wrapper currently locking PENDLE, offering sdPENDLE for vePENDLE rewards maximization.

Introduces sdYB Liquid Locker for Yield Basis token with veYB native yield, SDT rewards, and upcoming liquidity pool.

$14K deposited into Votemarket for a new veCRV campaign to boost sdCRV/CRV liquidity, with crvUSD fees from Liquid Locker routed to gather gauge votes.

Total vlCVX delegated grows to 4.88M, up from 4M, with delegators receiving weekly rewards either as direct tokens or swapped to $scrvUSD.

4 million vlCVX delegated to Stake DAO's Convex Finance delegation service that optimizes votes across vlCVX platforms for weekly reward distributions.

Cloudflare incident caused temporary downtime across all applications, now resolved with all services operational.

$130K distributed this week to Liquid Locker holders from voting power across sdCRV, sdBAL, sdPENDLE, sdSPECTRA, sdFXS, and sdFXN.

The first sdYB Snapshot gauge vote launches Thursday, November 20, with bi-weekly voting windows opening Thursday mornings and closing Tuesdays at 14:00 UTC, automatically mirroring votes on-chain as veYB votes to unlock incentive rewards for staked sdYB holders.

sdAPW to sdSPECTRA 1:20 conversion is live with migration deadline of December 15, 2025. First Curve boosted strategies launch on Etherlink with instant CRV claiming via Staking V2, and sdPENDLE continues locking ahead of Ethena ENA Season 4 airdrop and $6.9M MegaDrop. sdYB becomes the 4th largest veYB holder, and $650K deposits into veCRV campaigns last round with 811K CRV incentives directed to boosted strategies.

Votemarket for veYB launches with features including max-price protection for campaigns, multi-week reward structures, automatic rollover or refunds of unspent rewards, and a single interface for veYB holders to vote and claim rewards.

1M sdYB tokens have been minted, locking 1M YB as veYB within one week of the YB Liquid Locker launch.

sdCRV and asdCRV deliver 30-day APR of 25%, outperforming Yearn's yCRV at 21.19% and Convex's cvxCRV at 15.34%. sdCRV remains the only CRV wrapper combining both veCRV voting revenue and boost rental income streams.

Over 4M vlCVX are delegated to Stake DAO for optimized rewards across the vlCVX market.

SDT rewards for sdYB stakers refilled at double the previous amount as the YB Liquid Locker sees growing deposits ahead of fee switch activation.

Etherlink integration goes live with the first two Curve Finance boosted strategies offering instant, claimable CRV rewards through Staking V2 and OnlyBoost infrastructure.

The ynRWAx/fxUSD pool on Curve Finance goes live with 11% APY, 5.4% base vAPY, 21-53% CRV tAPR, and an additional 232% APR boosted yield through StakeDAO.

Ethena Labs ENA S4 airdrop will be distributed to all vePENDLE holders, including sdPENDLE and asdPENDLE holders through the Liquid Locker. Whale bboyhiro.eth bought and locked 55K SDT as veSDT to boost sdPENDLE voting power.

ynRWAx/USDC pool on Curve Finance offers 11% APY, 53-131% CRV tAPR, with an additional 66% APR boost available through StakeDAO.

The ResupplyFi reUSD/scrvUSD pool receives significant CRV rewards inflow over the next two weeks following strong voter support in the latest veCRV round.

800K YB now locked in sdYB Liquid Locker (4.7% of total supply), with first veYB fee distribution for sdYB holders approaching.

Over $50K in FXN gauge incentives flow in from seven partners including Token Logic, Convex Finance, Asymmetry, YieldNest, SmarDex, Metronome DAO, and Alchemix, with voting rounds still active on StakeDAO and Trevee platforms.

Governance approves 500K $SDT allocation to launch sdYB (YB Liquid Locker) with incentives supporting early deposits and liquidity bootstrapping for the rollout.

Over 2M PENDLE locked as vePENDLE with 25% increase in recent weeks maintaining perfect peg, while $20M+ deposits flow into the USDT/crvUSD boosted strategy. OpenCover launches onchain insurance coverage for all Curve and Pendle strategies, sdPENDLE holders receive Ethena S4 ENA fee points, and CRV incentives go live on Etherlink for mMEC/USDC and USDT/USDC pools.

More than 2,000 sdFXN minted via LiquidBoost last month, exceeding 10% of the FXN Liquid Locker.

Liquid Locker integration with Yield Basis goes live, enabling YB token deposits that unlock veYB governance and revenue benefits alongside SDT rewards.

Permissionless Liquidity Mining launches on Votemarket with support for Curve Finance, Balancer, and Pendle gauges, featuring automatic reward bridging to Ethereum every Thursday and fee-free redistribution to LPs through boosted strategies.

$9K distributes to $veSDT holders this week as part of consistent protocol revenue sharing.

Platform accounts for $15M out of $17.5M total TVL in the Curve Finance frxUSD/crvUSD pool. Staking V2 reaches validation milestone and readiness for cross-strategy scaling.

Integration with Rabby wallet goes live, allowing direct access to positions, withdrawals, and reward claims without switching apps.

OpenCover integration goes live on mainnet, enabling users to purchase and manage onchain insurance coverage for all Curve Finance and Pendle strategies with a dedicated tracking dashboard.

$YB rewards complete full integration into yield infrastructure with retroactive claiming for eligible addresses and instant distribution for future extra rewards.

First LP markets go live on Morpho Labs, Curve pegkeeper deposits reach $40M, and new Curve gauges deploy on Etherlink with active Votemarket campaigns. $147K distributes to Liquid Locker holders and first $YB incentives launch with ~$100K deposited for veCRV voters.

Two governance proposals go live for voting on Snapshot: SDGP-59 to remove $SDT inflation for Vote Bounty Managers and SDGP-60 to allocate up to 500K SDT for the sdYB Liquid Locker launch with Yield Basis.

4M ago

Metronome DAO's msUSD/FRAXBP LP pool goes live with 13% APR yields on boosted CRV rewards via Staking V2 and OnlyBoost infrastructure.

Treasury deploys over $1M into Curve Finance Pegkeeper pools (USDC/crvUSD, USDT/crvUSD, and frxUSD/crvUSD) to earn max-boosted CRV rewards through Staking V2 and OnlyBoost.

Proposal SDGP-61 plans to allocate 500,000 $SDT to launch sdYB, a new Liquid Locker for Yield Basis, expanding integration in the veYB ecosystem.

The Curve Finance frxUSD/crvUSD pool becomes the #1 strategy on the platform with over $11M TVL deposited since this morning.

Three Curve Finance pegkeeper pools (USDC/crvUSD, USDT/crvUSD, and frxUSD/crvUSD) go live with full OnlyBoost power, enabling instant claiming of boosted CRV rewards through Staking V2 infrastructure.

Two governance proposals are live: SDGP-59 to sunset SDT inflation for Vote Bounty Managers and SDGP-60 to acquire veBAL boost from Tetu ahead of Balancer OnlyBoost implementation.

High bribe levels from Votium Protocol and Stake DAO Vote Market drive clevCVX burn rate to a level where all clevCVX in the furnace will convert to CVX within one year.

Over $70K in FXN gauge incentives arrive from seven protocols including Convex Finance, Token Logic, Asymmetry Finance, Inverse Finance, SmarDex, Metronome DAO, and Alchemix, with voting round still open on Stake DAO platform.

$11K distributed this week to veSDT holders from protocol revenue.

Yield Basis incentives arrive for the pyUSD/crvUSD Curve pool for continuity, as this pool was excluded from Convex and Stake DAO vote incentives this round.

CRV rewards from Yield Basis incentives arrive at gauges Thursday, with USDC, USDT, and frxUSD crvUSD pools receiving the highest yields. Deposits to Staking V2 Thursday morning access boosted returns through the OnlyBoost feature for maximum CRV rewards.

sdCAKE holders have until October 29, 2025 to redeem tokens 1:1 for CAKE on the Stake DAO app, following PancakeSwap's Tokenomics Proposal 3.0.