🪙Introduction to stSQD

stSQD is a liquid staking solution backed 1:1 with native SQD. Holders earn protocol rewards from Subsquid validator nodes.

www.stakedsqd.fi

What is Staked Squid (stSQD)?

stSQD is a liquid staking solution that allows you to stake any amount of SQD and start earning protocol rewards instantly.

When stSQD is minted, Thunderhead stakes the underlying native SQD tokens onto validator nodes on the Subsquid network. When protocol rewards accrue on these nodes, the stSQD contract programmatically rebases the stSQD token, distributing protocol rewards equally to all stSQD holders every hour.

The permissionless nature of ERC20s allow users to buy/sell stSQD on a DEX, as well as participate in various other DeFi activities. Users can unstake at anytime instantly if enough native SQD is available or submit an unstake request and wait 30 minutes for the protocols validator nodes to unstake before finalising the unstake process.

What Are The Benefits?

stSQD as a liquid staking token is extremely useful for a couple of reasons:

• stSQD allows users to receive Subsquid protocol rewards in a permissionless manner and without the hassle of managing complicated infrastructure.

• stSQD gives users instant liquidity for staked SQD without having to unstake. There are no wait times or minimums.

How Can I Get Started?

Users can stake their native SQD on our staking site and receive 1:1 stSQD in return within a couple of minutes. stSQD will begin rebasing immediately.