Stride project overview

Stride is a fork of the liquid staking, which has positioned itself as the top 1 in the Cosmos ecosystem in terms of blocked TVL funds. According to some reports, this project's TVL is already over $10 million. Considering that the project is only at the initial stage still in a bear market, that's not bad.

Investment in Stride is anonymous, which is pretty typical for this kind of project. But that's not a negative factor for a fork of this kind.

Plus, there are many more tokens to be launched in the Cosmos ecosystem in the future. Stride plans to support all IBCv3-compatible tokens as tokens with the prefix "st".

Stride is built using Cosmos and Tendermint mechanics with Ignite. Under the hood, Stride uses the Inter-Blockchain Communication protocol, Interchain Accounts and Interchain Queries.

Now let's keep it simple.

For example, you lock any tokens or coins from the Cosmos ecosystem (e.g. $ATOM) in dApps pools. Naturally, under a certain APR. And then you get tokens for that, which can be applied to any Defi on Cosmos. The idea of the project can play well in the long term, given how all branches of the project develop in the current market conditions.

Of course, this project also has our validator with optimal staking conditions and low commissions.

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