Stader Revenue & Buyback Report - Sep, Oct, Nov 2025

Announcements & Updates
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As explained in the transparency framework outlined here, we have committed to publishing revenue reports for the protocol.

You can consult the first one here.

This second report covers revenues for the months of September, October, and November 2025.

Revenue Breakdown:

Figures are shown in USD terms and are broken down by chain. These figures represent the fees generated by validator operations and protocol-level services.

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Buyback Allocation

As per the previously announced structure, 20% of protocol revenue is allocated to SD buybacks on the open market. These buybacks occur on a quarterly basis.

The buyback to be executed in January shall be made with the following USD:

  • Total Revenue Sep / Oct / Nov: $195,250

  • 20% Revenue dedicated to SD buybacks = $39,050

The SD tokens bought back from the market can be tracked in the following wallet:
https://debank.com/profile/0xefe40ff167a89ce3babdad161d41d798ca7116b2

This post is part of our ongoing commitment to full transparency and open reporting.

Please use the comments below for feedback or questions !

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I thought Stader would do buybacks monthly and onchain. The report keeps quarterly, and one can see that you are not really performing buybacks every 3 months exactly.

You should learn from teams like Etherfi, AAVE, and Hyperliquid. They have a much better buyback mechanism. More transparent, on-chain, punctual…