stkd-SCRT Review 2026: Liquid Staking for SCRT on Secret Network

stkd-SCRT is a liquid staking derivative of SCRT, the native token of Secret Network, issued by Shade Protocol. Staking SCRT normally locks it with a validator. A liquid staking token gives you a transferable receipt for the staked position. Listing data places stkd-SCRT in the liquid staking category on Secret Network, with a listing date of April 2023.

Shade Protocol describes itself as a private DeFi suite built in the Cosmos ecosystem. Its homepage lists swaps, bridging, borrowing, bonds, derivatives, privacy tooling and a stablecoin called Silk. stkd-SCRT is one product within that suite. The protocol's own token is SHD, which the Shade app says can be staked to earn a share of protocol revenue.

Public listing data gives no total value locked figure for stkd-SCRT, and the material reviewed does not publish user counts for the product.

Staking on Secret Network means delegating SCRT to validators, who secure the chain and earn rewards. Normally that SCRT is locked, so you cannot use it elsewhere while it is staked. A liquid staking product solves that by holding the staked SCRT on your behalf and giving you a token in return.

With stkd-SCRT, you deposit SCRT into the Shade protocol, which stakes it. You receive stkd-SCRT, a token that represents your share of the pool. Staking rewards build up in the pool over time, so one stkd-SCRT is designed to be redeemable for a growing amount of SCRT.

You can keep stkd-SCRT in your wallet or use it in other applications that accept it. To exit, you redeem stkd-SCRT back to SCRT, and the chain's unbonding rules then govern how long the SCRT takes to become available.

The material reviewed does not publish a fee schedule for stkd-SCRT. Users would normally see any mint, redeem or protocol charges in the Shade app before confirming a transaction. Secret Network transactions are paid in SCRT, so you will also need some SCRT for network fees.

Because no fee figures are published in the material, the fee score is left empty rather than estimated.

Listing data shows zero audits for stkd-SCRT. Without a public audit, you cannot confirm from third-party reports that the contracts handle edge cases safely. Smart-contract risk is the main concern for any liquid staking product, because a bug could affect the pooled SCRT.

Custody is non-custodial in the sense that you hold stkd-SCRT in your own wallet. Your SCRT, however, sits in a pool and is staked with validators, so validator performance and Secret Network's own security also matter.

The material reviewed does not publish a licensing status or named team members. One forum post from November 2023 describes a user who reported an error and a missing balance after staking. That report is unverified, and the material does not show how the project resolved it. Users should weigh these points before depositing.

stkd-SCRT is for SCRT holders who already use Secret Network and want their staked position to stay usable as a token. It is less suited to people who need a fee schedule, a named team or an audit report before they commit funds.