Stake DAO Crypto Platform

Pros

$63,481,550 USD currently invested (TVL)

Investments in 31 coin pairs available

Operating on Ethereum protocol

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Stake DAO Reviews

Stake DAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain. It was founded by Julien Bouteloup, an experienced engineer and serial entrepreneur who has helped start and run several tech blockchain startups. Currently, Julien also works at the leading DeFi protocol Curve Finance as a core team member.
The platform is a non-custodial decentralized platform that allows users to earn rewards by staking and participating in governance. It is built on the Ethereum blockchain and utilizes the DAO governance model to allow users to make decisions about the direction of the platform. The Stake DAO has very diverse contributors, as evidenced by the impressive list of names provided on the official website. There are many important figures from the industry, including Stani Kulechov, Marc Zeller from AAVE, and Sushiswap’s pseudonymous co-founder, 0xMaki.

Stake DAO has many common and innovative uncommon services to offer for users, including swap, trade, staking, derivatives, vote market, and veSDT locking tools, besides liquidity locking features. Liquidity locking is still the platform’s main business. The protocol supports popular web wallets such as MetaMask, WalletConnect, and Coinbase Wallet. Anyone can connect to the protocol with a web wallet without any KYC, AML, or background check requirements.

One of the main advantages of Stake DAO is its accessibility. Unlike many other DeFi platforms, Stake DAO is easy to use, making it a great option for those new to the world of decentralized finance. The platform's user interface is well-designed and intuitive, making it easy to understand how the platform works and how to earn rewards.
Another key feature of Stake DAO is its strong focus on security. The platform uses smart contracts and the Ethereum blockchain to ensure that users' funds are secure and that the platform is transparent and tamper-proof. This gives users peace of mind and helps to build trust in the platform. In addition, the platform's code is audited by leading security firms to ensure that it is free of vulnerabilities.

In terms of earning rewards, Stake DAO offers a range of options, including staking, liquidity provision, and governance participation. These rewards are paid out in the form of the platform's native token, SDT (Stake DAO Token), which can be traded on various decentralized exchanges. This gives users the ability to earn a return on their investment and to potentially realize gains in the value of the token over time.

Stake DAO is also actively working to add new assets and features to the platform, making it a dynamic and growing ecosystem. This shows that the team behind Stake DAO is dedicated to continually improving the platform and providing value to its users.However, it is worth noting that the protocol’s treasury is secured with 2/9 multisig wallets on all networks. 2/9 multisig is a very low threshold, but it is done so to speed up the development process. Only two members of the nine wallet access holders are enough to take any action with the treasury. This might be risky in terms of vulnerability to man-made mistakes.

Overall, Stake DAO is a promising platform for those looking to get involved in the world of decentralized finance. With its user-friendly interface, strong focus on security, and range of earning options, Stake DAO is definitely worth considering for those looking to earn rewards and participate in governance in the DeFi space.

How Much Can You Earn on Stake DAO?

Stake DAO Supported Currencies

Stake DAO supports over 10 currencies including Curve DAO Token, Stargate Finance, Euro Coin and Mint Marble.

Stake DAO Key Data

Company

Year founded	2,019
Decentralised	Yes

Security

Know your customer

No

Key People

Julien Bouteloup

Founder & CEO

Useful Links

Stake DAO Contact Details