STRD Stride

Key Features and Use Cases of Stride

• Liquidity Provision: Stride provides liquidity for staked tokens from any Cosmos chain, allowing users to liquid stake their tokens.
• Staking and DeFi Yields: Users can earn both staking and DeFi yields across the Cosmos IBC ecosystem by utilizing Stride for token liquidity.
• Token Staking: Users stake their tokens to receive liquid staking certificates (e.g., stATOM for ATOM tokens) and earn rewards.
• Token Unstaking: Users can unstake their tokens, which typically takes 21 to 24 days to complete.
• Supported Tokens: Stride supports a variety of tokens, including DYDX, ATOM, INJ, SAGA, OSMO, and more, with DYDX having the highest locked value.
• User Experience: Stride offers a user experience similar to Ethereum's liquid staking projects, providing a foundation for multi-chain liquidity services through features like the IBC communication protocol, inter-chain accounts, and inter-chain querying.

Benefits of Using Stride

• Liquid Staking: Stride allows users to stake their tokens while maintaining liquidity, enabling them to access Cosmos DeFi and pursue additional yields.
• Staking Rewards: Users can earn staking rewards, which are displayed as an annual percentage yield (APY) on the staking interface.
• Community Governance: The Stride token (STRD) serves as the core governance token, allowing holders to vote on important decisions such as validator allocations and protocol upgrades.

Additional Information

• Stride's Mission: Stride aims to serve the Cosmos community by providing the best liquid staking possible, with a focus on simplicity, security, and user experience.
• Tokenomics: The Stride tokenomics are designed to distribute governance power across the communities Stride serves, facilitate social coordination, and build and maintain value for the STRD token.

Pros of Stride

• Liquid Staking: Stride allows users to stake their tokens and receive liquid staking certificates, enabling them to earn staking rewards while maintaining liquidity. This means users can access their funds at any time without waiting for the traditional unstaking period.
• Governance: The Stride token (ST) gives holders the power to vote on important decisions, such as the allocation of staked tokens to each validator and the addition of new validators, ensuring community control and participation.
• Decentralization: Stride is built on a robust blockchain network, ensuring secure and transparent transactions. This decentralized nature provides users with complete control over their funds.
• User Experience: Stride offers a seamless and user-friendly interface, making it accessible to both novice and experienced users in the crypto space.
• Revenue Model: Stride generates revenue by collecting a 10% fee on the staking rewards earned by liquid staked tokens, providing a sustainable source of income.

Cons of Stride

• Token Emissions: The initial burst of incentives and staking rewards is front-loaded, meaning that after the initial period, the incentives will decrease. This could potentially affect the token's value and user engagement.
• Vesting Period: Tokens vested to Stride's core contributors and partners have a one-year cliff and a two-year linear vesting period, which might limit the immediate availability of tokens for governance and staking.
• Dependence on Cosmos Ecosystem: Stride's success is closely tied to the adoption and growth of the Cosmos ecosystem, which could be a risk if the ecosystem does not continue to expand.
• Limited Use Cases: Currently, Stride is primarily focused on liquid staking, which might limit its appeal compared to other tokens with broader use cases.

Founders of Stride

Stride was developed by Stride Labs, which has a team of over ten members. The three co-founders share similar backgrounds in computer development. The co-founders include:

• Vishal Talasani
• Aidan Salzmann
• Riley Edmunds

Investors in Stride

Stride has secured funding from various investors across different rounds. Here are some of the key investors:

• Strategic Round: Led by DBA, with follow-on investments from 1confirmation, Road Capital, Modular Capital, Imperator, Chorus One, and key builders in the modular ecosystem such as Neel Somani (Eclipse), Yishay Harel (Dymension), Jon Kol and NoSleepJon (Hyperlane), Cem Özer (Sovereign Labs), Mike Neuder (Ethereum Foundation), Felix Lutsch, Sam Hart (Skip), Zon (Initia), EffortCapital, and monetsupply.
• Seed Round: Investors include North Island Ventures, Distributed Global, Pantera Capital, and others.
• Additional Investors: Other notable investors include Everstake Capital, Cerulean Ventures, and Picus Capital.

Halal Status of Stride

• Answer: Yes
• Reason: Stride can be considered halal because it operates within the principles of Islamic finance, which emphasizes ethical and interest-free transactions. Many Islamic scholars believe that cryptocurrencies, including tokens like Stride, are permissible under Sharia law as long as they are not linked to haram activities or industries and do not involve interest-based transactions.