Description
Stride is a liquid staking provider for the Celestia and Cosmos ecosystem. The protocol allows users to stake their PoS tokens and receive a liquid staked token (LST) in return, such as stATOM for ATOM. These LSTs are non-rebasing, meaning they continuously appreciate in value against the underlying token as staking rewards accumulate. This process allows token holders to earn staking yield while their assets remain liquid and usable in various DeFi applications like lending, providing liquidity, or as collateral. Security is a core focus for Stride; the platform has undergone ten audits from firms like Informal Systems and Oak Security, and it leverages Cosmos Hub's interchain security. The native STRD token governs the Stride blockchain DAO, and a portion of protocol revenue is used to buy back and burn STRD, accruing value to token holders.