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Stake DAO reviews

Average rating of 80% based on 3 reviews.

Founded 5 years ago in 2019.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 20 July 2024)

Stake DAO Crypto Platform

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 KulechovMarc 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.

Pros

tick $53,662,325 USD currently invested (TVL)
tick Investments in 59 coin pairs available
tick Operating on Ethereum protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Stake DAO Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
MAV
1,998%
MAV 1,998% APY
Ethereum
Instant Access
1,998%
MAV 1,998% APY
$192,544
COIL--CRVFRAX
157%*
CRV 156% APY
SDT
USDC 1.42% APY
COIL
FRAX
Ethereum
Instant Access
157%*
CRV 156% APY
SDT
USDC 1.42% APY
COIL
FRAX
$119,432
SDBALB80BAL20WETH
74.4%
BAL 74.1% APY
SDT
Ethereum
Instant Access
74.4%
BAL 74.1% APY
SDT
$183,712
FPIS
61.8%
FPIS 61.8% APY
Ethereum
Instant Access
61.8%
FPIS 61.8% APY
$14,588
AGEUR-ANGLE
55.1%*
SDT 39.2% APY
ANGLE 15.9% APY
EURA
Ethereum
Instant Access
55.1%*
SDT 39.2% APY
ANGLE 15.9% APY
EURA
$186,023
AGEUR-USDC
48.2%
ANGLE 48.2% APY
Ethereum
Instant Access
48.2%
ANGLE 48.2% APY
$33,381
STAFI-RETH-ETH
44.2%*
CRV 42.4% APY
SDT
WETH 1.82% APY
RETH
Ethereum
Instant Access
44.2%*
CRV 42.4% APY
SDT
WETH 1.82% APY
RETH
$133,477
BPT
39.2%
BPT 39.2% APY
Ethereum
Instant Access
39.2%
BPT 39.2% APY
$285,593
PENDLE
39%*
WETH 28.8% APY
SDT
PENDLE 10.1% APY
Ethereum
Instant Access
39%*
WETH 28.8% APY
SDT
PENDLE 10.1% APY
$538,863
FRAX-3CRV
32.8%*
USDT 31.1% APY
USDC
DAI
FRAX
CRV 1.73% APY
SDT
Ethereum
Instant Access
32.8%*
USDT 31.1% APY
USDC
DAI
FRAX
CRV 1.73% APY
SDT
$17,034
CNCETH
32%*
CRV 31.3% APY
WETH 0.74% APY
CNC
Ethereum
Instant Access
32%*
CRV 31.3% APY
WETH 0.74% APY
CNC
$18,435
BAL
30.3%*
SDT 30.1% APY
BAL 0.21% APY
Ethereum
Instant Access
30.3%*
SDT 30.1% APY
BAL 0.21% APY
$970,349
YCRV
26.3%
CRV 1.47% APY
Ethereum
Instant Access
26.3%
CRV 1.47% APY
$18,019
TRICRV
22.5%
WETH 0.93% APY
CRV
CRVUSD
Ethereum
Instant Access
22.5%
WETH 0.93% APY
CRV
CRVUSD
$62,060
CRVUSD-DOLA
21.6%*
CRV 21.3% APY
DOLA 0.34% APY
CRVUSD
Ethereum
Instant Access
21.6%*
CRV 21.3% APY
DOLA 0.34% APY
CRVUSD
$156,573
CRV
19.9%*
SDT 16.7% APY
3CRV
SDCRV 3.2% APY
Ethereum
Instant Access
19.9%*
SDT 16.7% APY
3CRV
SDCRV 3.2% APY
$22,620,896
CVXCRV-CRV
19.8%
CRV 0.21% APY
CVXCRV
Ethereum
Instant Access
19.8%
CRV 0.21% APY
CVXCRV
$51,885
HYUSD-EUSD
19.7%*
CRV 19.7% APY
EUSD 0.02% APY
Ethereum
Instant Access
19.7%*
CRV 19.7% APY
EUSD 0.02% APY
$67,848
WBETH
16.9%*
CRV 15.3% APY
WETH 1.56% APY
WBETH
Ethereum
Instant Access
16.9%*
CRV 15.3% APY
WETH 1.56% APY
WBETH
$440,860
TRICRYPTOLLAMA
16.7%*
CRV 15.2% APY
SDT
TBTC 1.54% APY
WSTETH
CRVUSD
Ethereum
Instant Access
16.7%*
CRV 15.2% APY
SDT
TBTC 1.54% APY
WSTETH
CRVUSD
$656,725
* Rates are tiered according to deposit size. Hover on rate for further details.
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Stake DAO Reviews

Based on a total of 3 reviews across the web for Stake DAO we gave the platform an overall rating of 80%.

User Reviews
No user reviews found
Expert Reviews
Overall Expert Rating
80%
3 reviews 3
Staking Rewards
80%
3 reviews 3
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Stake DAO Supported Currencies

Stake DAO supports over 20 currencies including Tether USDt, Lido DAO, Curve DAO Token and yearn.finance.

Stake DAO Key Data

Company
Year founded 2019
Decentralised tick Yes
Security
Know your customer cross No
Key People
Julien Bouteloup
Founder & CEO

ALooking at reviews from across the web, Stake DAO has an average review score of 80% based on 3 reviews.

Useful Links

Stake DAO Contact Details

https://stakedao.org/

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