Stride Staked Stars (STSTARS) offers liquid staking, combining staking rewards with liquidity and DeFi participation. More
| Fully Diluted Valuation | $27,524 |
|---|---|
| 24H Trading Volume | $0 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 17.49M |
| Total Supply | 17.49M |
| Max Supply | ∞ |
| Categories | Liquid Staking 3 more |
|---|---|
| Founder | Anonymous |
| Website | stride.zone |
| Socials | |
| Chains | Osmosis Ecosystem 1 more |
| Explorer | Mintscan 1 more |
| Contracts |
ibc/5....7426A
1 more
|
| Name | Pair | OG Score |
|---|
The Stride protocol has introduced Stride Staked Stars (STSTARS), a liquid staking derivative (LSD) designed for the Cosmos blockchain. This token represents a staked version of the STARS token from the Stargaze network, offering a unique blend of staking rewards and liquidity.
Traditionally, staking involves locking up tokens to support network security and earn rewards, but this comes at the cost of reduced liquidity. STSTARS addresses this limitation by allowing users to stake their STARS tokens while receiving STSTARS in return. This derivative token can be freely traded or utilized within the Cosmos DeFi ecosystem, all while the original staked STARS continue to generate rewards.
STSTARS plays a significant role in the broader Cosmos ecosystem, enabling users to engage in decentralized finance (DeFi) activities without sacrificing staking benefits. The token can be deployed in various DeFi applications, such as lending, borrowing, or providing liquidity on decentralized exchanges (DEXs). This flexibility offers a distinct advantage for those looking to maximize the utility of their staked assets.
However, like any financial instrument, STSTARS carries inherent risks. Its value is tied to the underlying STARS token, and fluctuations in the STARS market can impact STSTARS. Additionally, the security of the Stride protocol and its smart contracts is crucial, as any vulnerabilities could affect users' holdings.
In summary, STSTARS represents a step forward in liquid staking within the Cosmos ecosystem. It offers a way to earn staking rewards while retaining the ability to participate in the growing DeFi landscape, making it an appealing option for those looking to optimize their digital asset strategy.
Stride Staked Stars (STSTARS) uniquely offers liquid staking for STARS tokens, allowing users to earn staking rewards while maintaining liquidity for DeFi activities within the Cosmos ecosystem.
The Stride protocol, which includes STSTARS, was developed by a team of blockchain and DeFi experts, though specific individual founders are not prominently disclosed.
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