1/7 The Stride mainnet is now live! Surprise! πŸŽ‰

For the first time in history, ATOM can be liquid staked in the Cosmos ecosystem. Check it out!


Launch details πŸ§΅πŸ‘‡
2/7 What you can do with Stride right now:

β€’ Deposit $ATOM with Stride to mint $stATOM
β€’ Use stATOM to redeem staked ATOM

The Stride token, which we’ve re-named $STRD, is NOT required to pay transaction fees on the Stride chain. Transactions are currently free.
3/7 Over the next 24 hours, we will launch and seed two liquidity pools on @OsmosisZone.

β€’ stATOM / ATOM

The stATOM pool will be incentivized with STRD rewards.
4/7 Stride’s full launch today will be followed by a number of rapid updates over the following weeks and months.

The airdrop for ATOM stakers will be claimable after Stride’s first post-launch update, expected at the end of September.
5/7 In the very near future, Stride will on-board @OsmosisZone and @JunoNetwork, and OSMO and JUNO stakers will receive their STRD airdrop.

Due to missing ICA implementation, Stride will not be able to support these chains until their next updates. Approximate time: 2-5 weeks.
6/7 A note on the Switching Cost Rebate Program:

Since users have to unstake their tokens to liquid stake them with Stride, the Program will compensate users for missed staking rewards during their unstaking period. The program will run for a number of months.
7/7 Today is a historic occasion. No longer do ATOM holders have to choose between trading / DeFi and staking rewards.

With Stride, you can have both!

Check out all the details in our launch article:


β€’ β€’ β€’

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Keep Current with Stride | Cosmoverse Sept 26-28 πŸ‡¨πŸ‡΄

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More from @stride_zone

Sep 3
1/5 Airdrops are a huge part of the Cosmos ecosystem.

So are liquid staked tokens eligible for airdrops?

It depends on the eligibility requirements of the project doing the airdrop.

Full explanation πŸ§΅πŸ‘‡
2/5 Let's say a project wanted to airdrop to holders of staked ATOM.

In that case, stATOM holders would be included, since stATOM represents underlying staked ATOM.

But there's a slight problem.

Stride's staked ATOM is in one address. So on-chain it looks like a single whale.
3/5 Airdrops always have some kind of whale cap.

So to avoid the Stride ATOM staking address hitting the whale cap, the project doing the airdrop would have to work with Stride.

Stride will provide data about how many stATOM holders collectively own the underlying staked ATOM.
Read 5 tweets
Aug 28
1/7 Security is Stride’s #1 priority.

And that's not just an empty slogan. Here's what it means in practice:

- on-going third-party security auditing
- huge @immunefi bug bounty
- hiring a full-time security researcher
- fully open-source code
- rate-limiting
2/7 Stride equally values both community and professionalism.

Stride is giving away 50% of its token supply. But at the same time, Stride Labs has a $6.7 million treasury, which enables it to spend big on security.
3/7 Stride has already received separate audits from @CertiK and @SecurityOak.

But since you can never be too careful, Stride will have another third-party audit to coincide with its launch.

Post-launch, Stride will be audited on an on-going basis.
Read 7 tweets
Aug 27
1/8 With Stride launching in just a few weeks, it's time to fully reveal the tokenomics of $ST.

50% of the ST total supply will be given to the communities Stride serves, through airdrops, incentives, staking rewards, etc.

Why is Stride giving away so much!?! πŸ§΅πŸ‘‡
2/8 As a liquid staking provider, Stride is expected to become a pillar of Cosmos DeFi. With such an important role, it's critical that no one group has too much control over Stride.

This is why 50% of ST tokens are being distributed to the communities Stride serves.
3/8 But professionalism is important, too.

In its seed round, Stride Labs sold 16.7% of ST total supply to raise a treasury of $6.7 million.

This treasury means Stride has talented contributors, a high security budget, and a runway in case the bear market drags on.
Read 8 tweets

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