Stake DAO

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Stake DAO's governance or utility token carries a market capitalisation of 12 M $US based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (12 M $US) is small relative to deposits secured by the protocol (155 M $US); a mcap/TVL multiple of 0.08× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 8,1 M $US sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Stake DAO operates in the Yield category of DeFi. It is deployed across 10 chains, including Ethereum, Base, Fraxtal, Arbitrum and 6 other chains. The codebase has been independently audited (1 report on file).

Stake DAO runs a multi-chain deployment, with smart contracts live on 10 networks. Roughly 93% of its on-chain value sits on just three networks (Ethereum, Base, Ethereum-staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (12 M $US) is small relative to TVL (155 M $US) — a mcap/TVL ratio of 0.08 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Stake DAO — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Stake DAO is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure 5,2 Md $US in deposits, giving you a frame of reference for whether Stake DAO's own TVL is at the top, middle, or tail of the category.

Pendle

TVL 2,3 Md $US · 24h +0.37%

Spark Savings

TVL 1,4 Md $US · 24h +0.35%

Convex Finance

TVL 722,7 M $US · 24h +0.66%

Multipli.fi

TVL 342,7 M $US · 24h -0.01%

Strata Markets

TVL 259,5 M $US · 24h +0.70%

infiniFi

TVL 177 M $US · 24h +1.74%