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stkd-SCRT Review: What to Know Before Staking

stkd-SCRT is Shade Protocol’s liquid-staking derivative for SCRT on Secret Network. Shade does not state the product’s fees, redemption terms or custody arrangements, so verify those before staking.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

stkd-SCRT key facts

stkd-SCRT key facts
TypeLiquid-staking derivative
UnderlyingSCRT
NetworkSecret Network
ProviderShade Protocol
TokenSHD
Updated

stkd-SCRT FAQs

What is stkd-SCRT?

stkd-SCRT is described as a liquid-staking derivative of SCRT, Secret Network’s native token. Liquid-staking derivatives generally represent a staked position, but Shade does not explain the specific rewards or uses available for stkd-SCRT.

How do you unstake or redeem stkd-SCRT?

Shade does not publish stkd-SCRT’s fees or redemption process and timing. Check the app and documentation for current terms before staking or relying on being able to access your SCRT quickly.

Is stkd-SCRT safe to use?

No audit is listed for stkd-SCRT, and its custody arrangements are not stated. This does not establish that the product is unsafe, but it leaves important risks unclear; only consider staking funds you can afford to leave exposed to smart-contract and network risks.

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How we checked

Sources

  1. defillama.com/protocol/stkd-scrt(opens in a new tab)

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