• Stride Labs

  Participated · Equity · Feb 2024

  StrideCosmos is a liquid staking protocol that provides liquid staking support services for the Cosmos Hub. Its core product issues stATOM tokens to participants who can use them across the Cosmos ecosystem or sell them immediately to obtain liquidity. The protocol enables users to maintain staking exposure while preserving token liquidity. The company announced it completed a $4 million strategic financing. The round was disclosed in a statement on X. No operating metrics or additional financial details were provided in the article. Stride is the first feature-complete liquid staking zone in the Cosmos ecosystem, offering a multichain liquid staking protocol and a vertically integrated app UX that enables staking across IBC-compatible blockchains. Users who stake with Stride receive stTokens that earn auto-compounding staking rewards and can be used in DeFi or sold for instant liquidity. The protocol currently supports Cosmos Hub (stATOM) and plans to add a wide slate of IBC-compatible assets by year-end, including Juno (stJUNO), Secret (stSCRT), Osmosis (stOSMO), Kava (stKAVA) and others. Stride emphasizes safety and security, is audited by Certik and Oak Security, already offers redemptions to mitigate liquid-staking depeg risk, and plans additional measures such as rate-limiting. Founded in March 2022 and led by Vishal Talasani, Riley Edmunds, and Aidan Salzmann, the team is working closely with top validators and pursuing integrations with Cosmos DeFi platforms. The company raised US$6.7M in seed funding and will use proceeds to recruit technical and non-technical talent, enhance product offerings, and grow both the Stride and Cosmos ecosystems.

No current team members are available.