What is Stride Network's History?

Stride network launched in September 2022 through Stride Labs to address inefficiencies in the Cosmos DeFi ecosystem. At the time, users had to choose between staking their tokens for passive rewards or engaging in DeFi activities, often taking on greater risks for higher yields.

While other ecosystems like Ethereum and Solana blockchain had introduced staking tokens to solve this issue, the Cosmos blockchain lacked a similar solution.

Stride was created to fill this gap, offering users a secure and efficient liquid staking platform.

Key Features of Stride

Stride network stands out in the Cosmos ecosystem for its commitment to security, simplicity, and powerful safety mechanisms.

Unmatched Security

Stride network prioritizes security above all else. As an Interchain Security (ICS) consumer chain, Stride benefits from the Cosmos Hub's economic security, valued at $2.9 billion.

The platform has undergone 10 audits by industry leaders in blockchain security to ensure its infrastructure remains resilient and trustworthy :

• Informal's IBC experts have conducted seven audits, thoroughly evaluating Stride’s features and security measures throughout its development.

• In two separate audits, Oak Security has reviewed Stride's core functionality and ICA oracle contracts.

Minimalistic Design for Maximum Safety

Stride’s minimalist design reduces potential vulnerabilities by focusing solely on liquid staking. By eliminating unnecessary features, Stride minimizes its attack surface, avoids complex edge cases, and ensures that its core functionality is both simple and secure.

Advanced Safety Features

Stride incorporates multiple layers of safety mechanisms to protect users and the network from potential threats.

• Rate Limiting: In the event of an attack, Stride employs rate limiting to cap the amount of funds that can be withdrawn from the network. For example, a 5% rate limit restricts withdrawals to 5% of the total funds within a 24-hour period, mitigating the potential impact of malicious activity.

• Safety Invariants: Stride performs invariant checks at each block and will soon implement them at every transaction. These checks verify data integrity and trigger fail-safes if anomalies are detected, such as an infinity mint attack. Fail-safes prevent unauthorized fund withdrawals, ensuring user assets remain protected.

• State Monitoring: Continuous state monitoring ensures the smooth operation of the Stride network. It tracks critical functions, such as user delegations and the reinvestment of rewards. Alerts are triggered if irregularities are detected, allowing rapid intervention to address any issues.

Stride network's security-first approach, combined with its minimalist and efficient design, ensures users can engage in liquid staking with confidence and peace of mind.

About the Stride Network and Ecosystem

The Stride Ecosystem redefines decentralized finance (DeFi) by offering ingenious solutions for liquid staking and yield generation. With a rapidly growing user base of 130,124 total users, Stride empowers individuals to maximize their staking potential while maintaining liquidity.

Key metrics underscore its impact: users stake an average of $3,089.96, contributing to a total yield payout of over $19 million. Stride's native token, STRD, valued at $0.65, rewards participants with real, tangible returns, boasting an impressive 4.93% real rewards rate.

Stride is not just a platform; it’s a thriving ecosystem driving financial inclusivity and innovation for the DeFi community.

The STRD Token

What is the STRD Token?

STRD is the native cryptocurrency of the Stride ecosystem, designed to provide liquidity for staked tokens. With Stride’s liquid staking mechanism, users can earn staking rewards from Cosmos proof-of-stake tokens without traditional staking, allowing them to maintain liquidity while participating in the network.

STRD holders have the ability to stake their tokens, earning rewards in both STRD and from liquid staked tokens. If you're new to staking, our comprehensive guide on how to stake Stride provides clear, step-by-step instructions to help you get started.

Additionally, the token empowers users to actively participate in on-chain governance, influencing critical decisions such as validator selection and chain upgrades.

On this subject, we have written an article on the best Stride validators.

STRD Tokenomics

The Stride (STRD) token has a capped supply of 100,000,000 tokens, with a carefully planned allocation to ensure long-term sustainability and ecosystem growth.

• Community Incentives (31%): Dedicated to fostering participation and engagement within the ecosystem.

• Dev Team (24.2%): Allocated to the development team to support innovation and platform evolution.

• Partners (16.7%): Reserved for ecosystem partners to strengthen collaborations.

• Strategic Reserve (8.9%): Designed to fund future opportunities and ensure long-term sustainability.

• Community Airdrop (6.3%): Distributed to users to encourage adoption and reward early supporters.

• Community Growth (3.5%): Focused on initiatives to expand and strengthen the community.

• Staking Rewards (5.2%): Used to incentivize staking and ensure network security.

• Initial Security Budget (2.2%): Allocated for early-stage network protection.

• Community Reserve (2%): Set aside for future community-driven initiatives.