Stride: The best liquid staking protocol in Cosmos

Cosmos DeFi is wasted due to high staking rewards, unless:

• Liquid staking becomes popular.

• Users can switch their staked tokens to LSD without waiting for the unbonding period.

Stride Zone might just be the solution. Interesting? Read below.

1. Some information about Stride

Stride leads the liquid staking game in Cosmos. Some stats:

• TVL > $17M TVL (DefiLlama).

• Integration: Already supporting 6 chains.

• Security: 3 audits and continuous auditing for maximum safety.

aidan0x.stride 🦸 @aidan0x

fun fact: 5 months post-launch, @stride_zone now provides more LSDs (6) than any other platform! each new LSD onboarded inherits the same security, with minimal overhead/maintenance costs demonstrates the scaling power of IBC, excited for the next 100 🪟

2. How Stride works

Instead of using smart contracts like Lido on Ethereum, Stride uses Interchain Accounts and Interchain Queries to stake those tokens and issue the stAssets to users.

Check out how ICA work for Stride:

riley.stride 🦸 @interchainriley

1/6 Interchain accounts (ICA) are like embassies in foreign countries! They receive orders from the government and execute them in the countries where the outposts are located 🏦 🌎 How does ICA work and how do we use it at @stride_zone ? A thread 🧵👇

3. Competitive landscape

Compared to Lido, Quick Silver, and pStakeFinance:

• Stride is minimalism: Only do liquid stake.

• Stride has the highest economic security by using ICS.

• Stride blockchain is also highly secured with continual auditing & IBC rate limiting.

Read the full-length article from Stride: link.

4. How Stride gain adoption

• Integrations: Onboard all major Cosmos chains in the next 12 months.

• Deep liquidity: Make stTokens available everywhere.

• Collab with other teams & upstream their work into the Cosmos stack.

If Stride wins, Cosmos win 🤝

Stride @stride_zone

Stride adoption going vertical 🤯 stTokens as collateral on: @demexchange, @Harbor_Protocol, @TeamKujira, @Umee_CrossChain Incentivized stToken pools on: @osmosiszone, @astroport_fi, @CrescentHub, @cSwap_DEX You may think that's a lot, but many more integrations on the way 🔥

5. Highlight from Stride 2023 Roadmap

1. Stride IBC rate limiting: already live.

riley.stride 🦸 @interchainriley

1/8 Stride’s IBC Rate Limit module will be launched this month 🎉 Will protect users from bugs or hacking incidents & ensure all liquid staking assets issued by Stride are #SAFU 🛡️ We’re upstreaming the module so all Cosmos projects can use it 🤝 Details 🧵👇

2. First sovereign chain to adopt Interchain Security 🚀

Stride helped @informalinc write the code for a standalone chain to switch to interchain security. 💪

Stride @stride_zone

When Stride adopts interchain security v1 / replicated security, the Stride blockchain will enjoy the same economic security as the Cosmos Hub, which is... $1.86 BILLION! It's safe to say, Stride will be the most economically secure liquid staking provider in the Cosmos 😎

3. Other exciting milestones:

• Dashboard.

• Liquid Governance.

• Extend beyond Cosmos.

• Interchain Autopilot: liquid stake with 1 transaction.

• Enable @iqlusioninc liquid staking module: Users can switch their staked tokens to LSD without waiting for the unbonding period.

6. Tokenomics

• 50.2% goes to the community through airdrops, incentives, staking rewards, etc.

• 40.9% for teams & partners with a 1-year lockup and 2-year vesting.

Stride takes only 10% of liquid staking fees and gives it all back to Stride stakers 🤝

7. Final words

If you haven't tried their product, head over to their website & try to liquid stake a small amount. They have the smoothest UX in town. I promise you won't be disappointed.

Link to their website: https://app.stride.zone/

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