VADER was the utility and governance token of the Vader Protocol, a now-defunct decentralised liquidity protocol built on Ethereum. It played a central role in the protocol's operations, serving as the mechanism to mint and redeem the USDV stablecoin, power liquidity incentives, and support governance. The token’s supply was capped at 25 billion, with distributions made to Vether (VETH) holders, liquidity providers, ecosystem partners, and the core team. Following the shutdown of USDV in December 2022 due to unresolved design challenges, the protocol ceased development. The VADER token has since lost its functional utility, though limited trading persists on decentralised exchanges. It no longer carries governance rights or plays an active role in a live system.