Stake DAO

Stake DAO is a non-custodial decentralized finance (DeFi) protocol that enables users to earn yield on governance tokens while retaining liquidity. Its flagship product, Liquid Lockers, converts governance tokens such as CRV, BAL, PENDLE, and FXS into liquid sdToken equivalents, allowing holders to earn boosted rewards and participate in protocol governance without permanently locking assets.

The protocol was incorporated in Zug, Switzerland and launched publicly in January 2021. It supports multiple blockchains including Ethereum, Base, Fraxtal, Linea, zkSync Era, and BNB Chain. Stake DAO also operates Votemarket, a fully on-chain bounties marketplace where protocols and users can buy and sell governance voting power across platforms such as Curve, Pendle, and Balancer.

Additional products include yield strategies across ETH, USD, BTC, and stablecoin asset classes, along with a native governance token (SDT) that can be locked for veSDT to access boosted yields and voting rights. The protocol is governed by its community through a decentralized autonomous organization structure.