> 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/sd-token-utility.md).

# SD Token Utility

<table><thead><tr><th width="345">Utility</th><th>Description</th></tr></thead><tbody><tr><td>Governance and voting</td><td>Participate in various governance-related aspects of the Stader protocol, including decisions about rewards, validator selection criteria, protocol expansion, and more.</td></tr><tr><td>SD Liquidity</td><td>Provide SD liquidity on DEXs and earn rewards in return.</td></tr><tr><td>ETHx Permissionless node operator</td><td>Bond just 0.4 ETH worth of SD tokens, along with the required 4 ETH bond, to become an ETHx Node Operator in the Stader ecosystem.</td></tr><tr><td>SD Utility Pool delegation</td><td>Delegate your SD tokens to the SD Utility Pool and earn delegation rewards for providing SD liquidity to ETHx Permissionless node operators.</td></tr><tr><td>ETHx Permissioned Pool slashing cover</td><td>Delegators of the SD Utility Pool receive a 1% commission from the ETHx Permissioned Pool staking rewards in exchange for providing slashing cover to ETHx Permissioned Node Operators.</td></tr></tbody></table>