Stride Staked ATOM

Overview

Stride Staked ATOM (stATOM) is a liquid staking token representing staked ATOM on the Stride protocol. When users stake their ATOM through Stride, they receive stATOM tokens in return, allowing them to maintain liquidity while earning staking rewards.

Purpose and Utility

The primary purpose of stATOM is to provide liquidity for staked ATOM tokens while still earning staking rewards. This solves the problem of capital inefficiency in traditional staking where tokens are locked up. Users can use their stATOM tokens in other DeFi protocols while their underlying ATOM continues earning staking yields.

Business Model

The protocol generates revenue through a small fee on staking rewards. The business model is transparent and based on providing a valuable service to ATOM holders. The core functionality does not involve interest-bearing loans or gambling mechanisms.

Real-World Adoption

Stride has seen significant adoption within the Cosmos ecosystem, with over $50 million in Total Value Locked (TVL) as of early 2024. The protocol has integrated with multiple DeFi platforms in the Cosmos ecosystem.

Development Activity

The project maintains active development with regular updates to the protocol. The team consistently releases improvements and new features, showing commitment to long-term development rather than short-term token price speculation.

Token Distribution

The token distribution appears fair, with no concerning concentration among founders or early investors. There are appropriate vesting schedules in place for team allocations.