Stride

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Description

Stride is a pioneering liquid staking solution in the Cosmos ecosystem, launched in 2022, that addresses liquidity issues traditional to staking. By enabling users to stake their assets and receive liquid derivative tokens (stTokens) like stDYDX, stEVMOS, and others, Stride ensures staking rewards without asset lock-up. These stTokens retain liquidity and engage in DeFi activities across the Cosmos network, maximizing yield opportunities and securing user investment flexibility. Operating on the Osmosis platform, Stride also facilitates governance through its STRD token, permitting voting on validator selection and chain upgrades. It supports multiple IBC-compatible tokens, reinforcing its appeal to a broad range of investors seeking secure and efficient staking options. Stride is actively traded and participates in dynamic financial activities, contributing significantly to broader Web3 adoption while streamlining Cosmos-based DeFi engagements. The project emphasizes user accessibility and enhances the staking experience by minimizing liquidity constraints.

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FAQ

What is the main purpose of Stride in the Cosmos ecosystem?

Stride aims to enhance the staking experience within the Cosmos ecosystem by providing a liquid staking solution. This allows users to stake their cryptocurrencies without locking them up, thereby maintaining liquidity and granting the flexibility to utilize assets in decentralized finance (DeFi) applications while still earning staking rewards.

How does Stride's liquid staking service work?

Stride's liquid staking service allows users to stake their IBC-compatible tokens and receive derivative tokens called stTokens in a 1:1 ratio. These stTokens retain liquidity and can be used in various DeFi activities, enabling users to continue investing while their original tokens are staked and earning rewards.

What benefits does liquid staking offer compared to traditional staking?

Liquid staking through Stride provides significant advantages over traditional staking, including maintaining liquidity, flexibility, and additional earning potential. Users can participate in DeFi activities with stTokens, allowing for portfolio diversification and market adaptability without sacrificing staking rewards.

Which tokens are supported by Stride for liquid staking?

Stride supports a wide range of tokens for liquid staking within the Cosmos ecosystem, including stDYDX, stEVMOS, stOSMO, stSOMM, stTIA, and stUMEE. This diverse offering allows users to engage with multiple blockchains and benefit from Stride's liquid staking capabilities across various networks.

How does Stride integrate with the Cosmos and Osmosis ecosystems?

Stride operates as a multichain liquid staking platform on the Osmosis platform, leveraging Cosmos blockchain technology. This integration ensures secure, efficient, and user-friendly staking services, while maintaining interoperability across the Cosmos ecosystem.

What role does the STRD token play in the Stride protocol?

The STRD token is fundamental to Stride's governance, allowing holders to participate in decision-making processes, such as validator selection and chain upgrades. Token holders can stake STRD to earn rewards and maintain influence over the Stride protocol, thereby playing a crucial role in its sustainable development.

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