Earning through staking has been a long practice in the cryptocurrency industry. Stride is one of the first staking zones on the Cosmos blockchain.

This article will discuss what Stride is, its features, and how to buy the STRD tokens.

What Is the Stride?

Stride is a liquid staking zone in the Cosmos ecosystem. Thanks to Stride, users can earn staking and DeFi yields across the Cosmos Inter-Blockchain Communication (IBC) ecosystem.

When a user liquidates their stake, they immediately receive any tokens that have been bet on. Token holders who have staked their assets are accruing rewards in real time. These staked tokens can be freely traded, and at any moment, they can be redeemed with Stride for a return of native tokens in addition to staking payments. On the backend, Stride stakes these tokens on the host chain without authorization and multiplies user benefits. Users will continue to receive yield by staking and can earn yield from lending, LPing, and other activities.

Stride constantly provides its users with the option to redeem. Stride will commence unbonding on the hosted zone when they redeem their tokens. Users will automatically have native tokens added to their wallets after the unbonding period.

The procedure to onboard new chains is straightforward; anyone can propose to onboard a new chain through a governance vote, and if the proposal is approved, the new chain will be onboarded immediately.

Stride has big intentions to increase its sphere of influence across the Cosmos ecosystem swiftly.

What Is a STRD Token?

The STRD token is the native governance token of the Stride Zone. It allows token holders to vote on crucial choices, including allocating staked tokens to each validator, onboarding new validators, and other protocol modifications and enhancements. It is also possible to stake Stride Tokens to protect the Stride Appchain.

Current trading price: $1.286

Total market capitalization: 128.59 million

Total supply: 100.00 million

History of Stride

The year 2022 marked the debut of the cryptocurrency known as Stride STRD. Users can earn staking yields in addition to DeFi yields across the Cosmos Inter-Blockchain Communication (IBC) ecosystem because to the fact that this is the first feature-complete liquid staking zone in the Cosmos ecosystem.

Stride was developed by a group of experienced developers and businesspeople who are enthusiastic about the prospects for the future of decentralized financial systems.

How Does Stride (STRD) Work?

Stake

First, you can stake your tokens on the Stride blockchain. You can use any Cosmos chain to do so. Once you start staking, you will begin to get holding rewards. You don’t need any minimum amount to start.

Mint

Next, you receive stTokens, once you start staking. You can trade the stTokens with other tokens or simply get your previously staked tokens Along with the staking rewards.

DeFi

With your staked assets, you can also multiply the rewards you receive from Stride. You can keep earning yield from staking or earn additional income from lending, LPing, and other activities. Your own risk tolerance can be adjusted in Cosmos DeFi.

Features of Stride

Minimalist Design

Stride is the exclusive Cosmos liquid staking service with a design that is focused on minimalism. Except for Stride, all other liquid staking protocols intend to make their blockchains available to other applications shortly. A single function is all that the Stride blockchain is capable of, much like Bitcoin and Cosmos Hub.

Because there are fewer moving parts, Stride's minimalist design makes it objectively more secure. The more straightforward a blockchain is, the less vulnerable it is to assault. Additionally, minimalism renders Stride unremarkable.

Stride will not have a DEX, a money market, or any function other than liquid staking. Due to Stride's status as a neutral party, the company is in a better position to form partnerships with other blockchains and protocols than its competitors.

Security

Security is another aspect that sets Stride apart from its competitors. Stride has been through three audits and continual auditing from Informal Systems. Additionally, it possesses rate-limiting security measures, and an extensive Immunefi bug bounty will be implemented very soon.

Governance

STRD is valued due to its authority in governance, as holders of STRD are required to make many essential governance decisions. STRD holders have the power to make decisions regarding the following: which validators should be used to stake liquid staked tokens, how to weight said validators, how STRD incentives should be distributed, how community pool funds should be spent, what additional features should be built for the protocol, and so on. The value of protocol governance power will continue to rise as Stride becomes an increasingly important component of Cosmos DeFi.

What Makes Stride Unique?

Stride is in the exceptional position of debuting a product with a pre-existing product-market fit and a way of earning significant and sustained revenue from the very first day. The fact that liquid staking is so prevalent in other crypto ecosystems proves that it is a product that users are interested in purchasing. This solution also has the potential to be easily monetized; all that is required is to deduct a fee from the staking rewards that are generated by liquid staked tokens.

Therefore, in contrast to the majority of cryptocurrency projects, which give themselves a lengthy "inflation runway" to gain time to determine whether or not their product is a good fit for the market and figure out how to make money, Stride has a relatively short inflation runway.

Both the incentive for striking and the reward for staking are front-loaded. People will want to use Stride's liquid staking and are prepared to pay a little cost for that product; therefore, after an initial surge of incentives and staking rewards, the company can continue.

How to Buy STRD Coins?

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including STRD, users can now trade easily and seamlessly. To purchase STRD on CoinEx, follow the steps below.

If you already have a CoinEx account, this is how to purchase and sell STRD on CoinEx:

To access your CoinEx account, visit the website or launch the app and enter your email and password.
Put funds in your account to make STRD purchases. You can deposit the funds via credit card, etc.
Once you have funds in your account, you may buy STRD by going to the STRD trading page and choosing the trading pair "STRD/USDT" you wish to use.
Tokens (USDT, BTC, ETH, and CET, etc.) can be exchanged for STRD. Put in your order and the quantity you want to buy.