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The first two blockchains on the Cosmos Hub’s, Interchain Security, have officially passed governance and are ready to launch
Two chains are in Governance process for requesting approval to join the Cosmos Hub’s shared security model, Interchain Security.
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Is anyone holding stTIA on Stride for the airdrop? I guess rewards will get diluted as more people enter, but the daily reward on day 1 was something like 48STRD for 100 stTIA held on chain (not locked up). That's a $180 return on $1700 held. I dropped 20 stTIA in for day 2 and got 1.5STRD, which isn't much, but better than any staking APY out there I guess. Might leave it there for a while and remove if the rewards get too diluted. Daily snapshots continue for 150 days.
Guess I missed that. I've been native staking STRD for at least are year now.
It has gone to stakers for a while now. The rewards fluctuate based on inflows. earlier this year real rev was ~18% for stakers, excluding the STRD rewards. Now the combined apr is around 5 or 6%. With stTIA and stDYDX coming its gonna go up though.
I closed down all my LP positions...KUJI thing I shut down... Basically it's ATOM and AKT and a little SCRT. My JUNO is still there, but worthless... I'm earning some stuff, bunchbof STRD tokens and whatnot... I'll take what it gives me but can't go deeper.... shame bc there's a lot of great stuff in the cosmos
Take a look at some of the projects in the Cosmos ecosystem besides ATOM itself, Kujira generates true yield, Neutron is deflationary, STRD accrues value through liquid staking derivatives, a lot of them have huge potential to have major movements in price once the market turns bullish.
At the moment it’s stATOM and STRD. I have some Stride staked natively with Stride and I’m getting around 7 staked assets including stATOM, stOSMO, stSTARS. I’m not sure what’s going to happen now it’s moved to interchain security and whether these rewards are going to carry on.
I think the inflation and staking rewards will start heading down as more chains take advantage of replicated security (interchain security). Already neutron and stride are using it so ATOM stakers are being rewarded with not only ATOM but NTRN, STRD and stATOM aswell. This will encourage staking without the need to offer high staking rewards.
Stride is a liquid staking platform, which stakes proof of stake assets on your behalf and gives you a token to represent it. When Stride does this 15% of the staking rewards are swapped to buy STRD which is then given to STRD stakers and the rest is compounded. If I understand this tweet correctly, 15% of the staking rewards will be given to ATOM stakers instead of compounding, this slows the price growth of the liquid staked assets but increases the staking yield for ATOM by adding several different assets. I think this is fantastic because it means the inflation of other projects can trickle back to ATOM stakers in the form of yield that does not cause ATOM inflation. Eventually one day ATOM could offset most or all of its inflation this way.
tldr; Stride, a liquid staking protocol based on Cosmos, is set to transition to Cosmos' interchain security (ICS) system powered by ATOM tokens. This move will significantly increase the economic security of the network, making it more resilient to hacks. The transition will also impact the tokenomics of the existing STRD token, with a reduction in staking rewards and a portion of rewards shared with Cosmos Hub. The market capitalization of STRD tokens is currently $86.7 million, while ATOM has a market value of $2.73 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Stride, a Cosmos-based protocol, will transition from STRD to ATOM tokens for increased economic security. Stride's value will rise from $25M to $2.3B. ATOM validators will secure Stride, and STRD staking rewards will decrease by 50%, with 15% shared with Cosmos Hub.
>ATOM gave birth to the Cosmos ecosystem. So wouldn't it be cool if staked ATOM received OSMO, INJ, EVMOS, etc staking rewards? Beginning July 19th, it will 😁 Those tokens are part of Stride staking rewards, Stride will be sharing 15% with ATOM stakers. Stride ❤️ ATOM Stride tweeted this on July 3rd as well, if I understand correctly this means that staking ATOM will not only recieve ATOM, NTRN and STRD, but also a mix of every asset that is liquid staked on Stride.
Staking ATOM has qualified me for many airdrops, the highest valued one (for me so far) was Stargaze, the STARS value at the time was worth more than my ATOM balance, I swapped some for ATOM to double my ATOM stake, today I regret not swapping more back then because STARS is down like 97% since then while ATOM is only down like 70%. Stride's STRD airdrop was only about $4 worth of tokens for me at the time so instead of selling I accumulated more near the bottom and now I am up over 300% on that position, still bullish and compounding for another year atleast. Neutron's NTRN airdrop was very nice for me, I participated in the lockdrop which meant I recieved some unvested tokens in addition to my airdrop, I regret selling some at 19 cents because it has gone up over 100% since then. I also wish I put in much much more into the lockdrop because after the price movements the rewards turned out to be worth more than the initial value I locked in. I tend to try to sell some of the airdrops to buy ATOM since it is what is qualifying me for those airdrops in the first place but sometimes they are worth keeping. Stride captures value through liquid staking derivatives and Neutron is deflationary token used for MEV capture and multichain smart contracts.
I have actually, I'm very bullish on ATOM and knowing that Stride is going to become a consumer chain excites me because that means assets like stOSMO and stJUNO will trickle rewards into STRD which brings value back to ATOM stakers.
True but this is temporary and should change over the next year or so, once ATOM staking starts to receive a significant amount of yield in the form of USDC, NTRN and STRD there will be more reason for a governance proposal to reduce emissions caused by inflation, which the community has already been discussing. I'm guessing it will be done gradually over time as the traffic on Noble, Neutron and Stride grows large enough to generate significant revenue. It is very likely that ATOM's inflation will reduce over time to offset the increasing staking yield. It's hard to speculate on how much yield will be generated but NTRN has no inflation and burns literally all NTRN fees except what goes to ATOM stakers while 15% of STRD's inflation goes directly to ATOM stakers.
I am betting on CosmosHub leading the way on interoperability, the narrative with meshed security I think will really start to take hold once ATOM stakers are receiving rewards in the form of USDC, NTRN and STRD. Noble is blockchain that will be secured by CosmosHub, it is a native asset issuance chain that will soon be used for minting native USDC, 25% of transaction fees going to ATOM stakers and the remaining 75% will be used for grant programs and stuff. Neutron is a blockchain secured by CosmosHub which means 25% of transaction fees go to ATOM stakers and Neutron burns the remaining 75% of NTRN. Stride is blockchain that will be switching to adopt meshed security, it is a liquid staking platform for Cosmos ecosystem assets, 15% of Stride's fees and inflation will go to ATOM stakers.
Soon staking ATOM will also generate extra staking rewards in the form of NTRN, STRD and USDC because CosmosHub secures other blockchains than itself. 25% of the transaction fees on Neutron and Noble will go to ATOM stakers while Stride will give 15% of fees and STRD inflation.
Between the 3 LSDs we've got available you could probably get coverage of most major chains. I'd personally recommend ATOM itself over STRD due to ICS for new chain exposure but those two loop into each other. ATM I think only Quicksilver and Persistence only offer Regen and BNB beyond what Stride does but I don't think there's anyway Persistence doesn't get Comdex liquid staking up and running and QS has some valuable networks it could target like AKT or CANTO. But yeah, Stride has ridiculous coverage currently and using it and Osmosis to farm and get yield on LSTs will probably net some great returns.
STRD, OSMO, JUNO, EVMOS, KUJI, SOMM, AKT, AXL, and small bits in a few others. Hbu?
ATOM has a really good structure for liquid staking with Stride entering the consumer zone. Essentially CosmosHub validators are securing Stride's network and in return Stride pays 15% of transaction fees, liquid staking revenue and STRD inflation to ATOM stakers. I think this is cool because that means as more non-ATOM assets are liquid staked on Stride it will generate more yield for all ATOM stakers.
Stride ($STRD) and Migaloo/ White Whale ($WHALE) following $INJ -- needs correction
This will be one of the more important consumer chains for CosmosHub I think Stride is a liquid staking platform which is basically like a wrapping service for proof of stake currencies, the asset is staked into a pool on your behalf by the protocol and you are given an IOU token that represents the staked asset which can then be used in DeFi. This type of service should generate plenty of traffic for CosmosHub validators to earn transaction fees off of as Stride users liquid stake their assets and then transfer them onto other chains. I am assuming the protocol sells staking rewards to buy STRD which will then be used to pay CosmosHub validators, I think this is cool because that means the staking rewards from multiple different tokens will find its way back into ATOM's rewards in the form of STRD.
Evmos definitely counts, lol. EVMOS, FOT, CRE, STRD, were all reasonably valuable airdrops over the last year. Many thousands of dollars combined. Neta was slightly more than a year ago but was worth tens of thousands.
I do... mostly they're in the red tho... but I'm still staking OSMO, JUNO, SCRT, STRD, I'll be staking any airdrops I receive .... I'm bullish on the cosmos, but there's a bunch of duds there too