introduction

What is SD?

Stader (SD) token is the native governance and value accrual token for Stader. It is an ERC-20 token in limited supply capped at 150Mn tokens

Segment	Total Supply in %	Release Schedule
Rewards + Farming	0.36	Release schedule based on individual rewards program as determined via governance
Team + Advisors	0.17	6 month cliff followed by linear vesting for 36 months
Private Sale	0.17	TGE Unlock: 0-5% of allotment unlocked at TGE Vesting: Linear vesting across 36 months post TGE
DAO Fund	0.15	To be determined through governance
Ecosystem Fund	0.11	0.5%-1.5% to be unlocked at TGE. Rest of the unlock based on governance.
Public Sale	0.04	Option 1 - at $4.50 with 3 Mn supply with a forty-day lockup continued by a twenty percent release on a monthly basis for March–July 2022. Option 2 - at $3.33 with 3 Mn supply with a three-month lockup for the token followed by a twenty percent release on a bi-monthly basis for April–December 2022.

Utility	Description
Governance and voting	Participate in various governance related aspects of Stader protocol including decisions about rewards, validator selection criteria, protocol expansion etc.
Staking rewards	Stake SD tokens and earn a share of protocol fees as staking rewards (if elected by governance)
Liquidity Mining	Provide SD liquidity across DEXs to get SD incentives (if elected by governance)
Preferential Delegations	Preferential delegations to validators based on the amount of SD tokens staked