The Stride Briefing is the easiest way to keep abreast of all things Stride! On a bi-weekly basis, the Briefing will concisely inform you of: recent Stride events, future Stride events, and provide current stats on Stride’s various Osmosis liquidity pools. The Stride Briefing will also serve to get new-comers up to speed. We took a brief hiatus from our biweekly cadence, but the Briefing is now back!
Briefing #6, let’s go!
What is Stride?
Stride is a Cosmos-wide liquid staking provider. Using Stride’s liquid staking, you can earn staking rewards from Cosmos proof-of-stake tokens without having to stake them. Since your tokens remain liquid, you can deploy them in DeFi. This means you no longer have to choose between staking yield and DeFi yield. Thanks to Stride, you can have both at once.
Tokens supported: ATOM, OSMO, JUNO, STARS, LUNA, EVMOS, INJ
Notable Recent Happenings
Stride’s offering has almost doubled since the last briefing. Stride has integrated Injective, Evmos and Terra, which means that users are now able to liquid-stake their INJ, EVMOS and LUNA for stINJ, stEVMOS and stLUNA respectively. Additionally, there is now liquidity for these pairs on Astroport, with both instances on Injective, as well as Terra.
The Stride community passed the recent signalling proposal to join the ATOM Economic Zone and Adopt ICS. This moves Stride one step closer to consuming Cosmos Hub replicated security. A text proposal was placed on Commonwealth, and the following on-chain proposal passed with over 97% support. A similar proposal is currently live on the Cosmos Hub. As of 4 May 2023, there are seven days remaining of the voting period. The proposal has reached quorum, and the voting stands at 99.99% in favor.
New stToken pools on Forge DEX and Astroport
Accompanying the launch of stEVMOS, stINJ and stLUNA are new integrations with DEXs on each of these chains. We already mentioned liquidity pairs for stTokens on Astroport instances on both Injective and Terra. However, Evmos’ flagship DEX Forge – a Uniswap v3 fork – not only has stEVMOS liquidity, but also has stEVMOS as its base pair token, further cementing stEVMOS’ position in the EVMOS ecosystem.
stTokens being supported as collateral
Shade Protocol has launched and is currently supporting stATOM and stOSMO as collateral on their lending protocol. Additionally, Umee now supports stATOM and stOSMO as collateral, with stATOM being the 2nd most used form of collateral at the time of writing.
Stride on-boarding Umee
Stride will be onboarding Umee as a host zone. This means that UMEE holders will be able to liquid stake their UMEE for stUMEE. Once UMEE is on-boarded, stUMEE will be supported as collateral on Umee’s lending protocol, pending a governance vote and deep liquidity (should we mention this?). For more information, read the announcement on Stride’s twitter.
Stride on Arbitrum
StTokens are expanding outside of the Cosmos. Leveraging Axelar’s General Message Passing (GMP), an stATOM/wstETH pool will be available on Arbitrum’s Camelot DEX. For more information, read the announcement on Stride’s Twitter.
Stride Liquidity Pool Incentives Guidance
Stride is currently almost halfway through a 60 Day Liquidity Incentives Program. In summary, this brings the daily incentive rate to 7,100 STRD. Here is what the breakdown of stToken incentives currently look like:
For more details and information regarding the incentives program as well as the future of Stride incentives, check out the relevant post on the Stride blog.
That's all for now! Follow Stride on Twitter for real-time updates.