🔮 @staderlabs should be familiar to everyone. It is a long-established liquidity pledge agreement.

Yesterday, the token $SD was launched on Coinbase and doubled in value. Now it has a nearly 60% increase.

@staderlabs has been running safely for 3 years, with a TVL of over 700 million US dollars. It is currently the largest LST on Polygon and Hedera.

In fact, there are traces of this increase!

The official updated the token economics on May 30, began to empower $SD, and prepared to carry out major product expansion, opening the road to 10 times growth.

Three major initiatives were announced ⬇️⬇️

1️⃣ $SD Mega Burn

@staderlabs will destroy 20% of the $SD supply, a total of 30 million $SD.

Reduce the total supply of $SD from 150 million to 120 million, and the destruction will be carried out on June 25.

2️⃣ Buyback $SD and reward cap to optimize circulating supply

Use 20% of protocol revenue to buyback $SD every quarter, and as TVL and revenue grow, the buyback will increase.

As TVL increases, the protocol will adjust emissions and slow down the liquid supply of $SD.

3️⃣ Increase token utility

Use $SD in utility pools to provide insurance protection to prevent licensed node operators from being slashed.

Increase pool utilization and make it more rewarding to lock in more $SD

Currently, @staderlabs' proposal to include $SD in the licensed node operator setting is being voted on.

✅ Licensed operators will enjoy insurance protection

✅ $SD delegators will receive more rewards

Stakeholders, don't forget to help!

@staderlabs' future product expansion includes but is not limited to RWA, BTC liquidity staking, etc. There are more possibilities without limits.

Recently, many high-quality old projects have begun to take action. These projects have stable profit models and application scenarios, and have the ability and strength to generate revenue and operate in the long term. You can pay more attention to them, and the future prospects are still good.