What is Stride? Stride is a blockchain platform that specializes in providing Liquid Staking services for assets on Cosmos. However, on the blockchain, not only Stride works on Liquid Staking, but also many other projects also participate in this field.
So what is interesting about Stride and can compete with major competitors in the same industry in the Cosmos ecosystem? Let’s find out in this article.
What is Stride?
Tride is a Liquid Staking platform similar to Lido Finance or Rocket Pool. Instead of user assets being locked in validators, through Liquid Staking platforms, users receive derivative assets equivalent to the amount of assets the user deposits into the platform and use those derivative assets to participate. into DeFi activities to optimize returns.
Currently, Stride is supporting many types of assets on Cosmos such as Cosmos Hub (ATOM), Osmosis (OSMO), Juno (JUNO) and Stargaze (STARTS) along with derivative assets such as stATOM, stOSMO, stJUNO and stSTARTS.
Through IBC, derivative assets that Stride issues can participate in all DeFi activities on the Cosmos ecosystem.
Development Roadmap
Not focusing on developing and creating use cases for one token, Stride aims to develop and support as many asset types as possible. Stride’s roadmap for the next year is Evmos (stEVMOS), Terra V2 (stLUNA), Injective (stINJ), Secret (stSCRT), Kava (stKAVA), Oasis (stROSE), Axelar (stAXL), Akash (stAKT), Regen (stREGEN), Sommelier (stSOMM), Band (stBAND), dYdX (stDYDX), , Kujira (stKUJI), Umee (stUMEE), E-Money (stNGM), Crypto.Org (stCRO), Comdex (stCMDX), Sifchain (stEROWAN), Crescent Network (stCRE), MediBloc (stMED), Persistence (stXPRT), Iris (stIRIS), AssetMantle (stMNTL), Sentinel (stDVPN), BitSong (stBTSG), Cheqd (stCHEQ), Chihuahua (stHUAHUA), KiChain (stXKI), Ixo (stIXO), Microtick (stTICK), Fetch.Ai (stFET), Konstellation (stDARC), Desmos (stDSM), Bitcanna (stBCNA), Lum Network (stLUM), Bostrom (stBOOT), Likecoin (stLIKE), Dig Chain (stDIG), RiZON (stATOLO), OmniFlix (stFLIX), Decentr (stDEC), Vidulum (stVDL), Altered Carbon (stACB), Shentu (stCTK).
It can be said that in 1 year, Lido Finance can only support 3-4 new asset types, but Stride’s goal is much bigger than that. Will Stride really succeed with an ambitious development roadmap like this?
Core Team
Update…
Investor
August 4, 2022: Stride announced a successful fundraising of $6.7M with the participation of North Island VC, Distributed Global and Pantera Capital.
Tokenmomic
Information about Stride tokens
- Project name: Stride
- Code: STRD
- Blockchain: Stride
- Contract: ibc/A8CA5EE328FA10C9519DF6057DA1F69682D28F7D0F5CCC7ECB72E3DCA2D157A4
- Total supply: 100,000,000
Token Allocation
- Dev Team: 24.2%
- Community Growth: 3.5%
- Community Incentives: 31%
- Community Reserve: 8.9%
- Initial Security Budget: 2.2%
- Partners: 16.7%
- Community Airdrop: 6.3%
- Staking Reward: 5.2%
Token Release
All STRD tokens are not locked except for Team which is locked for 12 months, all the rest are paid in installments within 48 months.
Token Use Case
Users holding STRD tokens when staking have the right to vote on platform proposals and share in platform revenue.
Exchanges
Currently users can only trade STRD tokens on the Osmosis platform.
Stride’s Information Channel
- Website: https://stride.zone/
- Twitter: @Stride_zone
- Discord: stride.zone/discord
- Blog:
Summary
Stride is a potential Liquid Staking platform, but the fact that the project is expanding so quickly with many different products makes users question whether the use cases of the tokens are diverse? Besides, the rapid deployment of assets also questions the security of the platform.