Staked Saga Dollar (stkD) is an ERC-4626 vault that allows users to stake their Staked Saga Dollar (D) and receive stkD receipt tokens. These receipts function similarly to yield-bearing stablecoins (YBS). The Staked Saga Dollar (D) deposited into Colt Stake is automatically supplied to lending protocols, earning yield and points from lending markets which accrue to stkD. Users can unstake stkD for D based on available liquidity in lending markets. Through Colt Stables subsidized lending mechanism (Partnered with Palomino Fi), stkD is expected to deliver above-market yield from boosted utilization.
ℹ For user instructions, please refer to our User Guide