Hey All,
We are observing this buzz of Liquid Staking more often nowadays. Also many Liquid staking DEXes are emerging every now and then which is becoming very popular in the Cosmos eco system. The recent DEXes that were launched are the @ForgeDex and @Shade_Protocol.
- @ForgeDex launched recently on EVMOS
- @Shade_Protocol launched Yesterday on Secret.
And both of them are liquid staking DEXes...
STRIDE is the first in place to bring this concept of Liquid staking, the platform offers the - The Liquid Staking Zone, where users can stake their tokens on Stride platform from any Cosmos chain. And then we can see our rewards accumulate in real time. There is No minimum number of tokens required to be staked; its that simple.. Lets have a look at one of my example where I did leverage liquid staking $stATOM here on the Stride platform, the state-of-the-art multichain liquid staking experience! And then took at $stATOM to enter the defi pool#803 on the Osomosis.App
What is Liquid Staking?
Lets consider are scenario when Liquid staking was not there and we just had Defi platforms. These Defi DEXes use unstaked tokens for trading. Which means when users provide liquidity, they are losing on their staking rewards. And if you see in general on the Cosmos blockchain the token staking rewards are way to high. So why should be users be penalized of not getting their staking rewards if they provide liquidity? The answer to this questions and the solution is the space where the STRIDE platfroms comes into picture where it provides the facility of Liquid staking crypo assets - users do not loose on their staking rewards and they could further use the liquid staked assets to enter Defi space the same way they entered earlier.
So in my case, I liquid staked 50+ $ATOM and then used those assets to enter the defi pool#803 on the Osomosis.App to earn LP rewards as well without having to loose the staked rewards too.
With all these news around DEXes providing the Liquid staking facility, we are seeing a good momentum being build up for $STRD token. In the past couple of days the $STRD has jumped over 25% and I am hoping that it should be around $2+ in no time. The $STRD has a max supply of 100 Mil. which I feel is decent and considering the fact that more DEXes are moving towards leveraging the STRIDE functionality and as users get to know about the benefits of liquid staking crypto assets - $STRD is bound to rise that is inevitable for sure... $STRD to the moon.. AND to be honest here is my current HOLDing in the $STRD token as of date today...cheers
Have your say on STRIDE and Liquid Staking...
Do you about liquid staking? Are you leveraging the liquid staking facility on the STRIDE platform? Let me know your views in general about STRIDE and its $STRD token. cheers
STRD - What is Liquid Staking?
#strd #rewards #stake #statom #defi #staking #liquid #staking
Image Credits:: stride.zone, coingecko, osmos
Best Regards
