Stader
SD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Stader (SD) is the governance and utility token for Stader Labs' multi-chain liquid staking protocol. While the project historically demonstrated competent engineering (including client upgrades for Ethereum hard forks) and completed security audits via Sigma Prime and Oak Security with no recorded exploits or regulatory enforcement, its forward outlook is severely impaired. A critical development in June 2026 established a finalized contract upgrade and protocol wind-down that halted new deposits, effectively marking terminal decommissioning of development. Furthermore, SD suffers from weak community engagement, significant insider token concentration (over 42% across team and private sale allocations), and a low market capitalization ($7.6M–$9.2M) within an intensely competitive sector. The overall score of 4.6 mathematically reflects the weighted average across all six fully evaluated sections (Active Development: 2.0, Community Support: 3.5, Tokenomics: 5.5, Market & Use Case: 4.5, Team & Governance: 6.5, Security & Audit History: 6.0).
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Stader (SD)
Stader (SD) is the governance and utility token of Stader Labs, a multi-chain liquid staking protocol that entered a protocol wind-down and terminal decommissioning with deposits halted in June 2026. Originally developed to address capital lockup in proof-of-stake networks through non-custodial liquid staking derivatives such as ETHx on Ethereum, the protocol historically implemented client updates for network hard forks and deployed staking infrastructure across multiple blockchains.
The SD token functions within the protocol to facilitate decentralized governance voting, provide slashing insurance collateral for node operators, and enable protocol revenue sharing. The token possesses a hard-capped maximum supply of 120 million tokens, although legacy project documentation noted a 150 million ceiling. The token distribution is characterized by substantial insider allocation, with team, advisor, and private sale allocations accounting for over 42% of the total supply, alongside 38.75% allocated toward rewards and farming initiatives.
Stader Labs has encountered several structural and operational challenges throughout its lifecycle, including the discontinuation of its initial deployment on the Terra network following that ecosystem's collapse. Security assessments by third-party auditors yielded mixed results; while Oak Security and Sigma Prime conducted reviews with no confirmed production exploits or regulatory enforcement actions reported, a January 2024 Sigma Prime audit of the SD Utility Pool identified multiple critical and high-severity issues prior to deployment. Protocol governance incorporates centralized backstops, including a Governance Council capable of overriding quorum failures.