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Stake DAO Documentation

Stake DAO is a decentralized platform that enables users to maximize the value of governance tokens through yield optimization, liquidity, and voting power—without forcing trade-offs between them.

Core Products

Liquid Lockers

Liquid Lockers solve a fundamental problem in DeFi: locking tokens for governance typically means sacrificing liquidity. With Liquid Lockers, you deposit governance tokens and receive liquid sdTokens in return.

These sdTokens provide:

  • Yield from underlying protocol rewards
  • Liquidity through DEX trading pairs
  • Governance power via vote replication
  • Vote incentive rewards from protocols seeking votes

Strategies

Strategies optimize LP token returns by leveraging the veToken balances held by Liquid Lockers. When you stake LP tokens through Stake DAO strategies, your position benefits from boosted rewards across multiple chains.

Lending

Lending lets you borrow against your Stake DAO strategy positions without exiting yield. Your collateral stays staked, rewards continue to accrue, and a non-transferable wrapper token keeps the lending flow safe and deterministic.

Votemarket

Votemarket is an on-chain marketplace for vote incentives. Protocols can create campaigns offering token rewards in exchange for gauge votes, while voters earn additional yield on their governance power.

Votemarket supports multiple veToken protocols. See the Votemarket app for the current list.

SDT and Governance

The protocol is governed by holders of veSDT, the vote-escrowed form of the SDT token. veSDT holders:

  • Vote on protocol proposals
  • Boost their sdToken voting power up to 2.5x

All sdToken holders can participate in underlying protocol governance through vote replication, regardless of veSDT holdings.

Getting Started