Stride

Built on the Cosmos SDK and connected via the inter-blockchain communication protocol (IBC), Stride is a layer one blockchain purpose-built for cross-chain liquid staking. Operating as a leading liquid staking protocol for Celestia, Osmosis, dYdX, Cosmos Hub, and over 10 other blockchains, Stride provides a simple way to earn staking rewards on tokens while allowing users to utilize them in DeFi.

Stride's technology enables pooled stake management, stToken issuance, and validator selection. The protocol's unique value proposition lies in its ability to provide liquid staking services across multiple chains, making it an attractive option for users seeking to maximize their staking rewards. With a total value locked (TVL) of $10.75 million, Stride has established itself as a significant player in the liquid staking space.

The Stride ecosystem is utilized by various stakeholders, including individual users, DeFi platforms, and other blockchain projects. Users can stake their tokens on Stride to earn rewards, while DeFi platforms can leverage Stride's liquid staking services to provide users with increased liquidity and flexibility. The protocol's TVL has grown significantly over the past year, with a notable increase in adoption across various chains.

Stride's team is comprised of experienced professionals with a strong background in blockchain development and liquid staking. The protocol has received backing from prominent investors, including North Island VC, Distributed Global, and Pantera Capital. With a growing community and increasing adoption, Stride is well-positioned to continue its growth trajectory in the liquid staking space.

Stride's roadmap includes continued expansion across multiple chains, with a focus on improving user experience and increasing adoption. The protocol's revenue has grown significantly over the past year, with a notable increase in fees collected from staking rewards. With a strong team and growing community, Stride is poised to become a leading player in the liquid staking space.