As explained in the transparency framework outlined here, we have committed to publishing monthly revenue reports for the protocol. This is the first of such reports.
This initial report covers revenues for the month of August 2025. You can see the start of Revenue Reports here, where we outline July 2025 revenue.
Revenue Breakdown: August 2025
Figures are shown in both ETH and USD terms and are broken down by chain.
Total August Revenue: 118,660 USD.
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, with purchases executed onchain.
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. Future reports will continue monthly, and the scope will expand to include all major revenue lines across the Stader ecosystem.
Please use the comments below for feedback or questions.