Coinbase, the popular cryptocurrency exchange, has added support for Stader (SD), a platform that lets you earn rewards by staking your crypto assets. This means you can now buy, sell, and trade SD on Coinbase.com and the Coinbase mobile app.
Stader’s Journey
Stader initially focused on the Terra blockchain but expanded to other networks after the Terra ecosystem collapsed in 2022. Recently, the Stader community voted to reduce the total supply of SD tokens, aiming to boost the token’s value. They’re also considering using SD to provide insurance for node operators, which could make the platform even more secure.
Pantera’s Investment
Stader Labs, the team behind the project, received a $4 million investment from Pantera Capital and other investors earlier this year. This investment highlights the potential of Stader and its unique approach to liquid staking.
SD’s Price History
SD is currently trading at $0.48, significantly down from its all-time high of $30.17 in March 2022. However, the recent listing on Coinbase could potentially boost the token’s price.
Disclaimer: This information is for general knowledge and should not be considered investment advice. Always do your own research before investing in any cryptocurrency.
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