Stride
Crypto Overview
Overview
Stride is a liquid staking protocol built on the Cosmos ecosystem that enables users to stake their native tokens from various Cosmos chains and receive liquid staking derivatives in return. The STRD token serves as the protocol's governance token and provides staking rewards to holders.
Purpose and Utility
The primary purpose of Stride is to solve the liquidity problem in proof-of-stake networks by allowing users to stake their tokens while maintaining liquidity through derivative tokens. Users can stake their tokens through Stride and receive stTokens that represent their staked position, which can be used in other DeFi applications while earning staking rewards.
Business Model
The protocol generates value through staking rewards and protocol fees. The business model is transparent and based on providing a legitimate service (liquid staking) to users. The core functionality does not involve interest-based lending or gambling activities.
Real-World Adoption
Stride has achieved significant adoption within the Cosmos ecosystem, with over $100 million in Total Value Locked (TVL) across various chains. The protocol has integrated with multiple Cosmos chains and continues to expand its supported networks.
Development Activity
The project maintains active development with regular updates to the protocol. The team consistently releases new features and improvements, demonstrating commitment to the project's long-term success.
Token Distribution
The STRD token distribution includes allocations for community incentives, team members, and protocol treasury. Team tokens are subject to vesting periods, showing commitment to long-term development rather than short-term gains.
Crypto Impact
To assign a comfort level investing in Stride from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Stride.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.