Hey All,
I was hoping for the $STRD token to be trading at $2+ in like 15 days or so. But then we are seeing today $STRD token is up 32+% and it already broke that $2+ dollar mark. At the same time we are still seeing hefty trading volume around $484,641 for the $STRD token and in the last 24 hours. In my last post, I did talk about STRIDE and What is Liquid Staking?. But then todays rise in the token value is because of there is a proposal where Stride will join ATOM Economic Zone and adopt ICS. The details of the proposal can be found here
Timeline
April 13th - Post signaling props on Cosmos Hub and Stride gov forums
April 20th - Onchain signaling proposal on Stride
April 27th - If Stride vote passed, onchain signaling proposal on Cosmos Hub
May 10th - Public rehearsal simulating Stride’s transition to ICS
~May 12th - If Cosmos Hub vote passed and rehearsal was successful, two separate Cosmos Hub onchain executable props: a community spend prop for the 450K ATOM, and an executable prop to onboard Stride to ICS
As we all know Stride is a Cosmos Appchain and is the leading liquid staking in Cosmos, here are some of the major numbers tied to the $STRD token::
• $STRD mcap $185 million
• Stride TVL $26.4 million
And with this proposal just dropped to migrate as an $ATOM secured consumer chain - we are seeing all this spike and rise in the $STRD token.
I was able to sense that $STRD will definitely rise and hence had wapped my $KUJI tokens for $STRD like 2 weeks before when $STRD was trading around $1.10. My initial plan was to at least be able to accumulate 500+ $STRD tokens at a lower price. But then was not able to do the same and had to restrict with 310 $STRD tokens only. Here is my current investment in $STRD which has almost double in like 15 days or so.
I can now get my 532+ $KUJI tokens that I had swapped for $STRD by shedding only close to 185 $STRD tokens and rest is my profit with which I can do anything or leverage it with other crypto assets. Considering the recent news around the Stride blockchain to join the ATOM Economic Zone and adopt interchain security (ICS) from Cosmos Hub - I feel strong about $STRD and it a good time to HODL or buy more tokens. Just have a look at the benefits users will get with this proposal passing. Stride would share its various revenues with Cosmos Hub as follows:
- 15% of liquid staking rewards
- 15% of STRD inflationary staking rewards
- 15% of maximal extractible value (MEV) revenue
- 15% of transaction fees
This proposal also signals support for a special staking reward reduction of 50% on inflationary STRD staking rewards, to coincide with Stride’s potential adoption of ICS.
Finally my plan ahead for $STRD is to HOLD onto it for some more time. To be honest first I thought I would book profits at around $2+ and now I am being a bit greedy considering the news around STRIDE and its major USP being liquid staking I feel we still have more to come from $STRD...therefore will wait for some more time before I sell my $STRD stake... 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
Why is $STRD on RISE?
#strd #rewards #stake #statom #defi #staking #liquid #staking
Image Credits:: stride.zone, coingecko, osmos
Best Regards
