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.
Stake DAO paused msETH/WETH strategy for rebalance fix; also distributed Linea airdrop to sdZERO stakers.
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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.
Distributed $10K Linea airdrop to sdZERO stakers on Linea, now claimable.
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).
Participates in Balancer office hours on 2026-01-06 to discuss the newest vote incentives market and changes to gauge voting on Balancer.
Launched vlAURA delegation feature on Ethereum and Base networks.
Added LHYPE yield opportunity on Hyperliquid HYPE via Loopring staking
Made Curve strategies eligible for discounted cover via OpenCover.
Integrated Enso Build's zap functionality enabling deposits into any strategy from any token, withdrawals to any token, and strategy-to-strategy migrations.
Curve strategies TVL reaches over $150M, up from $34M one year ago, with the frxUSD/crvUSD strategy holding $31M.
Integration with Beefy Finance goes live with 11 auto-compounding boosted vaults.
YB Liquid Locker launches with YB Votemarket deployment. Staking V2 grows following crvUSD Pegkeepers vote incentives.
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 migrate their vote incentives to Votemarket, with $808K deposited across 79 veCRV campaigns and $26K across 8 veFXN campaigns. Liquid Locker holders receive $122K in weekly distributions from voting power.
veSDT holders receive $13K in weekly distributions as protocol revenue increases.
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 rewards from MIM/Spell campaigns into boosted vault as extra SPELL rewards.
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.
Distributes $122K this week to Liquid Lockers holders through their voting power rewards.
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.
Launches sdYB/YB liquidity pool and conducts gauge vote for CRV rewards as sdYB minting grows to 1.77M, achieving position as 4th largest veYB holder. SDT rewards renewed for fourth consecutive week.
Distributes $120K this week to Liquid Lockers holders across sdCRV, sdBAL, sdPENDLE, sdSPECTRA, sdFXS, and sdFXN based on voting power.
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.
Locks over 2.5M $PENDLE as vePENDLE in sdPENDLE liquid locker, remaining the only growing Pendle Liquid Locker in the ecosystem.
Reaches 5.1M vlCVX delegated milestone with automatic vote optimization across Votemarket and Votium platforms, distributing weekly rewards in raw tokens or crvUSD.
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 in vePENDLE rewards to sdPENDLE holders over 4 weeks, $130K to Liquid Locker holders from voting power, and $10K to veSDT holders from protocol fees. sdYB holders gain active voting capabilities in Yield Basis gauge rounds with on-chain vote replication every Tuesday and one-click migration for existing veYB lockers.
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.
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.
$147K distributed this week to Liquid Locker holders from governance voting power revenue across sdCRV, sdBAL, sdPENDLE, sdSPECTRA, sdFXS, and sdFXN.
Vote incentives from Yield Basis go live for vlCVX and veCRV holders to vote on crvUSD pools.
AsymmetryFin builds sdPENDLE positions through Stake DAO to secure long-term vePENDLE voting power for directing PENDLE rewards to their ecosystem pools.
IPOR crvUSD Optimizer goes live on Stake DAO UI, offering auto-compounded yields on Arbitrum's Curve Llamalend market with LlamaRisk curation.
asdPENDLE market tops Pendle yield charts while sdPENDLE pool holds over 150K PENDLE, with minting resuming soon to increase vePENDLE position.
$12K distributed to veSDT holders this week as protocol yield from Stake DAO revenues.
All new Pendle pools on Ethereum are now live, offering maximum boosted PENDLE rewards through optimized infrastructure.
Perryverse whitelist NFT mint is now live for eligible wallets at 1,000 FF per NFT until Oct 23, with public mint following at 2,000 FF (5% discount for users who staked 1,000+ FF).
Auto-voter feature now available for Pendle governance voting, allowing users to automate their voting process instead of manual voting.
Integration with Beefy Finance for auto-compounded yields coming soon on mainnet.
New feature integration allows users to buy DeFi cover for their positions directly through OpenCover, powered by Nexus Mutual, protecting Curve Finance DEX LPs across Arbitrum, Base, and OP chains at 0.41% per month.
883K $YB tokens worth over $450K airdropped to sdCRV holders as part of the previously announced airdrop program. Yearn dYFI strategies shut down and veYFI sunsets with active migration and compensation plan for affected users.
The $YB airdrop is now live and claimable for sdCRV holders on the portfolio page, and sdYB is coming soon.
Partnership announced with Perryverse NFT for whitelist access, with users directed to FalconStable for details.
Users can now mint LHYPE directly on Stake DAO through integration with Looped_HYPE, earning yield on Hyperliquid's HYPE token and collecting points for future airdrops.
Staking V2 reaches $135M in total deposits following the completion of migration from V1 infrastructure.
Redemption window for $sdCAKE closes October 29th, allowing 1:1 exchange for $CAKE via CAKE Locker.
The tetuBAL veBAL boost will be delegated later this month following a Balancer governance proposal.
YieldBasis ($YB) airdrop distributes to all sdCRV holders later this week based on veCRV voting power, with asdCRV and LiquidBoost sdCRV holders also eligible.