{
 "id": "stader",
 "symbol": "SD",
 "name": "Stader",
 "archetype": "DeFi / Protocol",
 "archetype_reason": "category match: 'liquid staking governance tokens'",
 "contract": {
  "chain": "ethereum",
  "address": "0x30d20208d987713f46dfd34ef128bb16c404d10f"
 },
 "price": {
  "price_usd": 0.116164,
  "ath_usd": 30.17,
  "ath_date": "2022-03-15T14:33:38.024Z",
  "market_cap": 8350509,
  "volume_24h": 183389,
  "price_chg_30d_pct": -17.1018,
  "price_chg_60d_pct": -33.87445,
  "price_chg_200d_pct": -49.84678,
  "coingecko_url": "https://www.coingecko.com/en/coins/stader"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "NEAR-TOTAL LOSS",
  "line": "Down 100% from ATH \u2014 reclaiming it needs 259.7\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 99.6,
  "reclaim_multiple": 259.7,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 259.7\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 39.6,
  "aliveness": "IMPAIRED",
  "aliveness_note": "Core systems impaired; consistent with a project in decline.",
  "mechanical_aliveness": "WEAKENING",
  "band_capped": true,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a DeFi / Protocol asset)"
 },
 "bottom_line": "Down 100%, aliveness reads IMPAIRED. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 30.6,
   "detail": "0 commits/4wk, 0 contributors, last commit 35d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 55.0,
   "detail": "holders +36/30d (+0.2%, Bin 6/10 vs 278 DeFi / Protocol peers), concentration HHI 0.102 (Bin 6/10 vs 123 DeFi / Protocol peers) \u2014 holder base is holding steady. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 55.0,
   "detail": "$183,389/24h (Bin 6/10 vs 358 DeFi / Protocol peers), 2.20% turnover (Bin 6/10) \u2014 liquidity is light for its class.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 29.0,
   "detail": "73 active addresses/day (Bin 5/10 vs 113 DeFi / Protocol peers), 30d trend -69.4% (Bin 1/10 vs 72 DeFi / Protocol peers), data lagged 31d (provider tier) \u2014 usage is draining away. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 40.0,
   "detail": "48% of supply circulating (Bin 4/10 vs 360 DeFi / Protocol peers), FDV/MC 1.7x (Bin 5/10) \u2014 meaningful dilution still to come.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 25.0,
   "detail": "30d -17% (Bin 2/10 vs 360 DeFi / Protocol peers), 200d -50% (Bin 4/10) \u2014 lagging its peer group badly.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}