SQD Network just launched its first ever public Revenue Pool - and we couldn't have asked for a better partner to open the chapter with. Lambda, one of the most respected data infrastructure providers in Solana DeFi, is the Portal at the centre of this first pool. If you've interacted with Solana DeFi in any meaningful way, there's a good chance Lambda's indexing has been quietly doing the work behind the scenes.
Revenue Pools are how SQD Network turns real protocol usage into real yield for SQD holders. You lock SQD, you back a Portal, and a portion of that Portal's revenue comes back to you in stablecoins. USDT, streaming to your wallet every second once the pool activates.
Here's everything you need to know.
What are Revenue Pools?
Revenue Pools are a way for SQD holders to lock SQD on-chain in exchange for stablecoin rewards funded by Portal usage. The locked SQD backs a Portal on SQD Network – more SQD locked = more compute units for that Portal. You can think of it like a crowdloan for running a Portal: you provide SQD, and a portion of the Portal’s revenues may be shared with you in stables.
How does this first public Revenue Pool work?
Target: 5M SQD locked in total
APR: 9.6% at SQD=0.03$
Payouts: $1,000+ USDT per 30 days shared pro-rata across all participants
Limits: max 250,000 SQD per wallet can be locked
Parameters (cap + payout) may be updated over time, so the effective APR can change. It also depends on the SQD price, so no fixed % can be guaranteed in advance.
When and how do I get rewards?
Once the pool is activated, rewards start streaming every second. You’ll see your USDT balance in the app and can claim to your wallet at any time via a transaction.
Reward token: USDT0 on Arbitrum
0xFd086bC7CD5C481DCC9C85ebE478A1C0b69FCbb9
What is “pool activation”?
At first, the pool is in a collecting phase and has up to 30 days to gather 5M SQD.
During this time, you cannot voluntarily withdraw, but if the cap is not reached in time, all SQD becomes withdrawable back to participants.
When the last SQD is added and the cap is reached, the pool activates and starts distributing USDT rewards.
Can I lock more than 250k SQD?
No. The pool smart contract enforces a hard limit of 250k SQD per wallet for this pool.
How do I get my SQD back?
Once the pool is active, you can request to withdraw (unlock) some or all of your SQD at any time.
As soon as you request an unlock, that portion stops earning rewards.
You’ll then wait a short period (typically up to ~2 days) before your SQD becomes withdrawable to your wallet.
The app will show you the expected waiting time when you request a withdrawal – it depends on how much SQD is currently being unlocked.
This delay protects the Portal by giving others a chance to replace your position before capacity is affected.
Can I get rewards in USDC / other tokens?
For this first pool, rewards are in USDT only. Future pools may choose different reward tokens.
Can I transfer my locked position to another wallet?
Yes. When you provide SQD, you receive a special ERC-20 “pool liquidity” token. If you send that token to another wallet, that wallet will then be able to withdraw the underlying SQD and rewards. The app will reflect the updated balances.
Is there risk involved?
The contract is designed so that SQD stays in the pool smart contract and can be unlocked again. However, like any on-chain interaction, there is always some risk (smart contract risk, network risk, etc.). Please only participate with an amount you’re comfortable with and do your own research.
The first pool is always the most important one. It's proof the model works — that SQD Network can turn data demand into on-chain yield, and that projects like Lambda are willing to stake their infrastructure on it.
This won't be the last pool. But it will always be the first.
Take a look at the first pool dashboard here: https://network.sqd.dev/portal-pool/0x89ca93e09ec7355a1d6bd410fe0bb4c9b24542db
APR figures are indicative and depend on SQD price and pool parameters. Smart contract and network risks apply - please only participate with an amount you're comfortable with and do your own research.