Stride

STRD

Our Total Stake:
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ATOM
• Delegators:
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Validator Address
stridevaloper1dae4zycvmyd2qt5td9zzgdjdnwyawp79c5tuec
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Stride Staking Tutorial

Your STRD must be in a wallet or non-custodial account in order to use our staking services.

Staking Mechanics

Stride Protocol Details

Stride is a liquid staking solution for the Cosmos/IBC ecosystem. They are set out to provide liquid staking for all chains within the Cosmos ecosystem with IBC-compatability.

Stride is an application/use-case specific blockchain, aka. ‘zone’ within the Cosmos ecosystem. Their application is to provide liquid staking, i.e. providing liquidity for staked assets such as e.g. ATOM. By staking your ATOM via Stride, you receive StATOM, a derivative of your staked ATOM - a sort of deposit ticket, which you can exchange back for our ATOM + the staking rewards they accrued OR you can sell your StATOM for immediate liquidity. You can also use your StATOM within the Cosmos DeFi ecosystem, e.g. by lending them out or borrowing against them.

You can learn more about Stride here.

Note that there is an active Airdrop going on for all native ATOM, OSMO, JUNO, STARS & INJ stakers.
For more details and updates around the Airdrop, please refer to this post and follow Stride on Twitter.

FAQs

What’s the difference between staking STRD and liquid staking?

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When you stake your STRD token, the native token of the Stride, you are contributing to the security fo the Stride Zone (= blockchain). In return, you will receive rewards in the form of newly minted STRD. Conversely, if you do not participate in staking, your assets will get diluted over time. You can choose which validator(s) you want to delegate your STRD tokens to.

If you liquid stake via Stride, you stake a different assets (i.e. ATOM) that is supported by Stride. For that you receive a different token, which represents your staked assets + the staking rewards it accumulated (in our example StATOM). You can use these different tokens within the Cosmos DeFi ecosystem to generate further yield (i.e. lend them out); sell them for immediate liquidity; or redeem them back for your initially staked assets + the staking rewards they accumulated. As of now (Dec 22), you cannot choose wich validators you want to liquid stake to. Stake is distributed between a set of active validators.

Do I maintain control of my STRD when staking them?

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The validator you delegate your tokens to is not able to access your funds at any point in time since you are only delegating your staking rights. At no point in time, do we have control over your STRD or your private key.

What are the risks associated with delegating my STRD token?

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STRD Validators are subject to punishment in case of malpractice. This is referred to as "slashing" and can occur in the wake of two events: the validator signing two blocks at the same height ("double signing") or the validator being offline.

Therefore, we advice you to carefully choose your validator. Please note, that the costs for running a secure and professional validator need to be covered by the commission rate. Hence, it is worthwhile to accept a certain amount of commission in order to secure your profits and minimize the risk of punishment. In addition, we have our own capital on the line in order to fully align our own interest with that of our customers.

Further risks include: key/asset mismanagement by the enduser resulting in loss of funds; protocol errors; or attacks against the network.

Is there a minimum amount of STRD required to stake?

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No, there is no minimum amount of STRD required to stake.

When will I receive my STRD staking rewards?

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Your staking rewards are not bonded to a validator by default. In order to achieve compounding interest on your rewards, you have to claim and re-delegate them from time to time. This can easily be done through your wallet UI

When and how will I receive my STRD staking rewards?

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Your staking rewards do not automatically accrue on your account nor are they bonded to a validator by default. In order to have your rewards liquid or achieve compounding interest on your rewards, you have to claim and re-delegate them from time to time. This can easily be done through your wallet UI.

Unclaimed rewards remain under your custody and can be claimed anytime.

What do I have to do if I want to sell my delegated STRD?

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Your STRD are locked (can't be transferred or sold) when staked at a validator. Unlocking ("unbonding") your tokens takes three weeks (21 days). During that period your funds do not earn rewards, are illiquid and may still be subject to slashing. This is stipulated by the protocol.

What do I have to do if I want to increase my staking amount?

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You can simply repeat the initial delegation process that you find in the guide above.

Are my rewards taxable?

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Unfortunately we cannot answer this question in a general manner as tax regulation differs among legislations. Nevertheless, we advice you to always track your staking operations so you can provide a detailed history of your staking rewards.




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