Thread by @Miles_From_Town

🔥 Do you want to stake your $INJ tokens and earn rewards from both @Injective_ and #DeFi platforms at the same time?

If yes, then you need to check out liquid staking on Injective with @stride_zone , a new and innovative #LSD protocol.

Here's why:👇🏼

🫧 Liquid staking is a process that allows you to stake your $INJ tokens on Injective and receive $stINJ tokens, which are synthetic tokens that represent your staked $INJ.

You can then use #stINJ tokens in various #DeFi applications to earn yield, trade, lend, borrow, or vote

Liquid staking is important for $INJ because it enhances the utility and value of the token in several ways:

- It enables you to earn rewards from both staking and #DeFi activities without sacrificing security or liquidity.

- It increases the demand and circulation of $INJ and $stINJ across multiple DeFi ecosystems, creating more network effects and adoption.

- It reduces the opportunity cost and risk of staking by allowing you to access your staked tokens anytime and diversify your portfolio.

- It aligns the incentives of validators, delegators, and developers by creating a positive feedback loop between staking and #DeFi innovation.

To start liquid staking INJ on the Stride app, you need to follow these simple steps:

- Download the Stride app from app.stride.zone.

- Connect your wallet & select $INJ from the drop-down menu.

- Fill in the amount of INJ you want to stake.
- Click on "Liquid Stake" & confirm the transaction.

- Receive your stINJ tokens in your wallet instantly!

Once you have your stINJ tokens, you can use them in various #DeFi applications that support stINJ across the Injective ecosystem.

Some examples include:

- Trading: You can swap your stINJ tokens for other tokens on DEXs on the #Injective ecosystem.

- Yield farming:
You can deposit your stINJ tokens into LPs or farms on platforms, e.g: app.astroport.fi & earn rewards.

- DeFi Loans:
You can lend your stINJ tokens to borrowers on platforms and earn interest or borrow other tokens using your stINJ as collateral.

As a bonus, if you stake your INJ on the Stride app on or before Monday, October 24th, 2023 at 17:08 UTC, you will be eligible for an exclusive airdrop of $STRD tokens, which is the native token of Stride protocol.

Min threshold: 25 INJ
Max threshold: 26,500 INJ
STRD to be airdropped: 100,000

👉 The amount of STRD tokens you will receive will depend on the amount and duration of your INJ staking on the Stride app.

The longer and more you stake, the more STRD you will get.

The exact details of the airdrop distribution will be announced soon by @stride_zone team.

If you have any questions or feedback, feel free to comment below.

🌐 Learn more about @Injective_: injective.com

👥 Join its community: discord.gg/injective