Stride Staked TIA
Crypto Overview
Purpose and Utility
stTIA is a liquid staking derivative token representing staked TIA (Celestia) tokens on the Stride protocol. When users stake their TIA tokens through Stride, they receive stTIA tokens in return, which represent their staked position while allowing them to maintain liquidity of their assets.
Business Model
The protocol enables users to participate in network security through staking while maintaining asset liquidity. Users can stake their TIA tokens, receive stTIA, and continue using these tokens in other DeFi applications. The staking rewards are distributed to stTIA holders, and the exchange rate between TIA and stTIA gradually increases to reflect accumulated staking rewards.
Real-World Adoption
Stride's liquid staking solution for TIA has seen significant adoption since its launch. The protocol has integrated with various DeFi platforms in the Cosmos ecosystem, allowing users to utilize their stTIA tokens while earning staking rewards.
Platform Development
Stride is actively maintained and regularly updated. The protocol undergoes security audits and implements governance proposals to improve functionality and security. The development team maintains transparent communication about protocol updates and improvements.
Token Distribution
stTIA tokens are minted when users stake TIA and burned when they unstake. The token distribution is entirely dependent on user participation in the staking process, rather than being controlled by founders or early investors.
Crypto Impact
To assign a comfort level investing in Stride Staked TIA 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 Staked TIA.
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.