The Cosmos staking protocol, Stride, will airdrop 5 million STRIDE tokens to early adopters of Celestia

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2024/02/02 04:40

The liquid staking protocol based on Cosmos will airdrop 5 million STRIDE tokens (valued at $18.5 million at the time of writing) to early adopters of the stTIA liquid staking token within five months, with 3 million STRIDE being distributed over the next 60 days.

Stride is reportedly a Cosmos staking protocol aimed at bringing liquidity to the Cosmos ecosystem, with a total locked value (TVL) of $88 million. Although most of its TVL consists of ATOM and OSMO tokens, the protocol has been expanding its product range in recent months.

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