> For the complete documentation index, see [llms.txt](https://stader.gitbook.io/stader/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://stader.gitbook.io/stader/sd-token.md).

# SD Token

### What is SD?

The Stader SD token is the native utility and governance token of Stader. It is an ERC-20 token with a capped supply of 120 million, designed to play a pivotal role in the Stader ecosystem by providing utility, incentives, and governance rights to its holders. In essence, the SD token acts as a key driver within the Stader ecosystem, connecting users, validators, and the platform itself.

### SD Token Distribution[​](https://www.staderlabs.com/docs-v1/sd/introduction#sd-token-distribution) <a href="#sd-token-distribution" id="sd-token-distribution"></a>

<figure><img src="https://1411028447-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fwl99eraWLTLdtmcSomOo%2Fuploads%2FlU1YdqFtOtdclzm3Lrcy%2Fimage.png?alt=media&amp;token=94982f4c-a6d6-4026-a534-ad8da00c8c26" alt=""><figcaption></figcaption></figure>