The Stride Briefing is the easiest way to stay up to date on all things Stride! The bi-weekly briefing provides succinct updates on current Stride events and future Stride events, and provides up-to-date statistics on Stride’s various osmosis liquidity pools. The stride briefing also serves to familiarize newcomers.
Briefing #4, let’s go!
What is stride?
Stride is a Cosmos-wide liquid betting provider. Stride’s smooth staking allows you to earn staking rewards from Cosmos Proof-of-Stake tokens without having to wager them. Since your tokens remain liquid, you can use them in DeFi. This means you no longer have to choose between stake return and DeFi return. Thanks to Stride, you can have both at the same time.
Supported tokens: ATOM, OSMO, JUNO, STARS
Have questions? Check out Stride’s in-depth FAQ or join the Stride Discord.
Notable Current Events
The big STRD airdrop:
The much-anticipated STRD airdrop was a huge success! Stride has sent 4M STRD to over 340,000 unique addresses. Since the airdrop, the number of users interacting with the protocol has increased tremendously. Remember that unclaimed STRD will be reclaimed within three months and distributed to all original recipients. In other words, if you were part of the first drop, you have a chance to claim more STRD in the future.
Airdrop for stATOM LPer:
Speaking of airdrops, the stATOM LPers for Osmosis liquidity pool HARBOR airdrop is claimable. If you’re eligible, be sure to check this out.
stOSMO incentives:
The Osmosis community has approved permanent incentives for the stOSMO pool. The pool has already been funded with STRD but is now also receiving OSMO incentives. Every little helps!
Stride’s YouTube Channel:
Stride has started his own YouTube channel! Several informative videos about Stride and Stride’s partnerships have been uploaded. Expect a steady stream of content in the future.
STRD becomes part of IBCX
The IBCX index token announced its composition and STRD was included. According to the proposed composition, STRD will account for 2.8% of the basket of Cosmos tokens. STRD is the youngest token in the basket. This shows that Stride, while still young, is already a significant Cosmos project.
Cosmos Hub validator set selection process:
The Stride community is currently in the process of choosing their Cosmos Hub validator set. Validator applications have been collected and the advisory board is now busy evaluating the validators. Expect a text proposal for the new validator phrase next week, followed by an in-chain vote.
Things to come
Demex integration:
Demex will be the first DeFi application outside of Osmosis to support Stride’s stTokens. Next Monday, Demex will support stATOM and stOSMO lending and borrowing, as well as liquidity pools.
Umee integration:
Speaking of integration, Umee will likely enable lending/borrowing support for stATOM sometime in December.
Stride Onboarding Injection:
There were some delays in onboarding Injective. But it will happen! Once stINJ is launched there will be a liquidity pool on Helix (Injective’s leading DEX) as well as a usual airdrop for INJ stakers.
Statistics on Stride liquidity pools
The following data is current as of December 7, 16:00 UTC. The table shows the yield that Stride’s liquid stake tokens can generate when staked on Osmosis LP compared to the normal stake reward. Seems like liquidating shares and LP is always more profitable!
stTOKEN/TOKEN pools provide constant 100% availability of a single token, which means they experience virtually no temporary loss. In terms of economic risk, providing liquidity to these pools is the same as staking – except LPing yields a much higher rate of return.
Check out the ROI of stOSMO LP!
pool links
ATOM/stATOM: https://app.osmosis.zone/pool/803
stOSMO/OSMO: https://app.osmosis.zone/pool/833
STRD/OSMO: https://app.osmosis.zone/pool/806
JUNO/stJUNO: https://frontier.osmosis.zone/pool/817
STARS/stSTARS: https://frontier.osmosis.zone/pool/810
Stride Liquidity Pool Incentives Guide
To be useful for DeFi applications, Stride’s stTokens need high liquidity. Liquidity is promoted with STRD and OSMO. Stride uses short-term incentive gauges. This offers more flexibility compared to long-term measuring devices. To be clear, what Stride wants most is the flexibility to easily add more incentives as needed.
To reassure liquidity providers that Stride strives to continually innovate its incentive benchmarks, Stride offers the following guidance:
1. If Stride wishes to decrease the STRD incentive rate per day for any of its liquidity pools, Stride will always provide at least three weeks’ prior notice.
2. Based on current expectations, it is highly unlikely that Stride will lower STRD daily rates for either the stATOM pool or the stOSMO pool. The current incentives for these two pools are expected to be continuously renewed for at least a year. Strategically, these are the two most important pools.
For an illustration of Stride’s liquidity pool guidelines, see this table.
That’s all for now! Follow Stride on Twitter for real-time updates.
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