What is a Holder?
Quick Definition
A holder is anyone who owns a particular cryptocurrency or token.
Full Definition
In crypto, "holder" is the most common term for someone who owns a token. It's intentionally simple: a holder is anyone whose wallet currently contains the token, regardless of how it was acquired, how long it has been held, or what the holder intends to do with it. The term carries no specific legal meaning by default, although certain tokens may grant specific rights to holders based on the design of the underlying smart contract or legal structure.
The flexibility of the term reflects how blockchain ownership works. There are no membership applications, no account-opening processes (for non-custodial wallets), no permissions required. If a wallet contains the token, its owner is considered a holder.
Holders and Steady
Steady holders are anyone whose wallet contains STDY tokens. The rebase mechanism applies automatically and proportionally to every holder, with no need to register, claim, or opt in. Regardless of the size of a holding, each position grows to reflect the performance of our underlying reserve assets in the same proportional manner. This universal, automatic treatment is one of the features that makes Steady simple to use at any scale.
Related Terms
Position
ReadA position refers to the amount of a particular asset that an investor or holder currently owns.
Self-custody
ReadSelf-custody means holding your own private keys and controlling your own digital assets directly, without relying on a third-party custodian.
Wallet
ReadA wallet is a tool that allows users to store, send, and receive digital assets by managing the private keys that control a blockchain address.
Other Glossary Items
Learn about common and essential terms related to Steady and other stablecoin protocols.
Algorithmic Stablecoin
ReadAn algorithmic stablecoin attempts to maintain its value through automated rules that adjust token supply based on market demand, rather than holding equivalent reserve assets.
AML
ReadAML (Anti-Money Laundering) refers to the laws, regulations, and procedures designed to prevent the use of financial systems for laundering the proceeds of crime.
APY
ReadAPY, or Annual Percentage Yield, is the standardized rate of return an asset generates over a year, including the effect of compounding.
Arbitrum
ReadArbitrum is a Layer 2 blockchain network built on top of Ethereum, designed to offer faster and cheaper transactions while inheriting Ethereum's security and infrastructure.
Asset Backing
ReadAsset backing refers to the real-world or on-chain assets held by the issuer to support the value of every token in circulation.
Asset Locking
ReadAsset locking refers to restricting access to funds for a defined period or condition, during which they cannot be transferred or used.
Asset Segregation
ReadAsset segregation is the practice of keeping client or backing assets separate from the issuer's operational funds, protecting them from the issuer's other obligations.
Audit
ReadAn audit is an independent examination of a protocol's code, reserves, or operations by qualified third parties to verify accuracy and compliance with stated claims.
Backing
ReadBacking refers to the assets or mechanisms that support a stablecoin's value and help it maintain its intended reference value.
Blockchain Network
ReadA blockchain network is the system of connected participants and infrastructure that validates, records, and maintains data on a specific blockchain.
Blockchain
ReadA blockchain is a distributed digital ledger that records transactions across a network of computers in a secure, transparent, and tamper-resistant way.
Bridge
ReadA bridge is a mechanism that enables the transfer of assets or data between different blockchain networks.
Clarity Act
ReadThe Clarity Act is a proposed US legislative framework intended to clarify the regulatory treatment of digital assets, defining when they should be treated as securities versus commodities.
Collateralization / Over-collateralization
ReadCollateralization refers to the ratio between the value of assets held in reserve and the value of tokens issued. Over-collateralization means holding more in reserves than the value of tokens issued.
Composability
ReadComposability refers to the ability of different protocols, contracts, and tokens on a blockchain to interact and combine with each other seamlessly.
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