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Stride is a multichain liquid staking zone (appchain) on the Cosmos Blockchain. Users can stake IBC-compatible tokens and receive stTokens in return, redeemable for the original token at a 1:1 ratio. By staking tokens using Stride, users can earn staking rewards while retaining liquidity in the form of stTokens. This allows them to leverage Cosmos DeFi and pursue higher yields. The Stride Token is the native governance token of the Stride Zone, enabling holders to vote on important decisions regarding staked token distribution, onboarding new validators, and protocol upgrades. The Stride Token can also be staked to secure the Stride Appchain. Full tokenomics can be found here: https://stride.zone/blog/stride-tokenomics
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What is Stride and how does it work?
Stride is a multichain liquid staking zone (appchain) on the Cosmos Blockchain. It enables users to stake any IBC-compatible tokens and receive stTokens in return, which can be redeemed for the original token at a 1:1 ratio. By staking tokens with Stride, users can earn staking rewards while maintaining liquidity in the form of stTokens. This liquidity allows them to participate in Cosmos DeFi and pursue higher yields.
The Stride Token ($STRD) serves as the native governance token of the Stride Zone. Token holders can vote on important decisions, including the distribution of staked tokens to validators, onboarding new validators, and implementing protocol upgrades and improvements. Additionally, the Stride Token can be staked to secure the Stride Appchain.
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