Stride

Stride emerged as a consequential initiative within the Cosmos blockchain ecosystem, focusing on delivering a potent solution to the liquidity issues faced by stakers. Functioning as a multichain liquid staking platform, Stride employs an architecture that is seamlessly integrated with the Cosmos software development kit (SDK) and leverages CometBFT for providing a decentralized and reliable consensus mechanism. The project is the brainchild of Stride Labs, launched with a vision to enable stakeholders to partake in staking activities without the traditional constraints on liquidity. Central to its operational ethos is the issuance of non-rebasing liquid staking derivatives, referred to as stTokens, which serve as representations of staked assets that accumulate value over time through accruing staking rewards. By utilizing Interchain Accounts (ICA) and the Inter-Blockchain Communication (IBC) protocol prominently supported by Cosmos, Stride facilitates advanced and efficient token management across a range of compatible blockchains, thereby acting as a critical facilitator for enhanced DeFi engagement. Users who stake through Stride receive liquid derivatives instantaneously, allowing them to keep their capital active across decentralized finance applications, effectively maximizing yield potentials while maintaining robust staking rewards. The governance model harnessed by Stride leverages its native STRD token to imbue participation in network security and decision-making processes. This positions Stride not only as a technical innovator but also as a community-centric project committed to decentralized governance protocols within its ecosystem. The broader mission of Stride is to unlock significant financial potential tied into staked assets by offering viable liquidity pathways and expanding capital usability within the interconnected DeFi sphere hallmark to Cosmos's ecosystem.