Step 8: Deposit SD collateral

The SD token plays a vital role in the Stader platform, serving as the governance token. It allows the Stader community to actively participate in shaping the platform's direction. Therefore, to add a validator to the nodes on the Stader Network, permissionless node operators are required to bond SD collateral for each validator. In return, the node operators receive SD rewards for their bonded SD collateral.

Run the below mentioned command to deposit SD as collateral.

~/bin/stader-cli node deposit-sd --amount <0.4ETH worth of SD>

Please ensure to replace the placeholder "<0.4ETH worth of SD>" with the specific amount of SD tokens you intend to deposit. The minimum deposit requirement is 0.4ETH worth of SD, while the maximum allowed deposit is 8ETH worth of SD. The exact value will vary dynamically based on the current price of ETH and SD.

To get the amount of SD bond you can:

  • Manually calculate 0.4ETH worth of SD amount OR

  • Install Grafana dashboard and get the 10% SD bond number. You can install the dashboard by following the steps provided in the Node Monitoring section.

SD token address (Mainnet) : 0x30D20208d987713f46DFD34EF128Bb16C404D10f

SD token address (Testnet): 0x0406f539f24Be69baa8b88ED6eABEdb7b3cfdc60

Testnet SD tokens: To receive the Testnet SD tokens for deposit, please visit our Discord ETHx channel and share your Operator Address with our moderators.

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