Stride (STRD) Staking

How to Stake STRD

1. Navigate to https://wallet.keplr.app/

2. Click the Search Chains field and type Stride

3. Click Stride

4. Click Stake

5. Click the Search for validator field and type Coinage X DAIC

6. Click Coinage x DAIC

7. Click Stake

8. Click the Amount field, enter the number of STRD tokens you want to stake

9. Click Stake

10. Approve the Keplr wallet transaction pop-up

11. Congratulations! Your STRD tokens have been staked

About Stride (STRD)

Stride is a blockchain ("zone") that provides liquidity for staked tokens within the Cosmos ecosystem. Users can liquid stake their tokens from any Cosmos chain using Stride, earning staking and DeFi yields across the Cosmos IBC ecosystem.

The platform's native token, STRD, serves multiple functions within the ecosystem:

• Governance: Staked STRD can vote in on-chain governance proposals, allowing holders to influence decisions such as which host-chain validators to delegate tokens to, how to spend community pool funds, protocol upgrades, and other important issues.
• Value Accrual: Staked STRD receives 85% of protocol fees, which are distributed as a basket of different Cosmos tokens. Stakers receive tokens like stTIA, stDYDX, stATOM, etc., as staking rewards. While the majority of the staking reward is from protocol fees, a supplement of newly-emitted STRD is added.
• Securing the Network: By staking their STRD, users effectively secure the integrity of the network and earn additional APR through inflation. The distribution is as follows: STRD Stakers: 80.75%, ATOM Stakers: 15%, Community pool: 4.25%.

What Makes Stride Special?

Stride introduces several innovative features that set it apart in the DeFi landscape:

• Multichain Liquid Staking: Stride allows users to liquid stake tokens from any Cosmos chain, providing liquidity while earning staking rewards. This enables users to participate in DeFi activities across the Cosmos IBC ecosystem without sacrificing staking yields.
• Non-Rebasing Liquid Staked Tokens (LSTs): Stride's LSTs are non-rebasing, meaning they constantly appreciate in value against the underlying staked token due to accumulating staking rewards. For example, every day the amount of ATOM that can be redeemed by 1 stATOM increases.
• Enhanced Liquidity for stTokens: Stride boosts liquidity on decentralized exchanges (DEXes), facilitating immediate swaps between liquid staked and unstaked tokens. This is achieved through strategic incentive programs and collaborations with various Cosmos DAOs and blockchain-aligned entities.
• Security and Audits: Stride has completed multiple audits from industry leaders in blockchain security, including Informal Systems, Oak Security, and Certik, ensuring a secure and reliable platform for users.

Links:

• Website
• Github
• Blog
• Explorer
• Twitter
• Discord
• Reddit

Learn More About Stride

• Documents

Stride Staking FAQ

How much can I make staking STRD?

The return from staking STRD varies based on the network's overall staking participation, real yield, and specific governor commission.

How do I receive my STRD rewards?

STRD rewards need to be claimed. Visit the Keplr dashboard to claim your staking rewards

When can I start earning rewards with STRD?

You can start earning staking rewards once your tokens are successfully delegated to a governor

Can I sell STRD while it is locked up?

Staked STRD tokens cannot be sold, they need to be unstaked first. The unstaking period for STRD is 14 days.

What are the risks around staking STRD?

Staking STRD comes with risks like slashing (penalty for the governor), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does Stride use?

Stride uses Cosmos Hub’s Replicated Security, secured by the Cosmos Hub validator set and staked ATOMs

What are the tokenomics of STRD?

Read all about STRD tokenomics here