Summary
The leading liquid staking protocol in the Cosmos ecosystem, Stride, has added support for Celestia (TIA) and will airdrop $18 million worth of STRIDE tokens to early adopters of its stTIA liquid staking token. The airdrop will be distributed over five months, with 3 million STRIDE tokens being distributed in the next 60 days. Stride’s price has increased by 26% in the past 30 days and has more than quintupled since November. Initially, only stTIA held on the Stride chain will be eligible for the airdrop, but support for decentralized exchanges Osmosis and Astroport Neutron will be added soon. Stride currently has $88 million in total value locked, making it the largest LST protocol in the Cosmos ecosystem. This is Stride’s second LST launch this week, following the integration of DYDX, the token of a leading perpetuals DEX.
Key Points
1. Stride, the leading liquid staking protocol in the Cosmos ecosystem, will airdrop $18M worth of STRIDE tokens over five months to early adopters of stTIA.
2. The project has allocated 5M STRIDE tokens for the airdrop, with 3M STRIDE to be distributed in the next 60 days.
3. Stride is the largest LST protocol in the Cosmos ecosystem, with $88M in total value locked (TVL). The protocol has been expanding its offerings and recently added support for Celestia (TIA) and integrated DYDX.