Overview

Stride provides liquid staking solutions within the Cosmos blockchain ecosystem, allowing users to earn yields from both staking their assets and participating in decentralized finance (DeFi) activities. Users can stake their assets while retaining the ability to engage in other DeFi activities, such as lending and liquidity providing, which helps them maximize their returns. Stride differentiates itself from competitors by enabling this dual earning potential and allowing users to propose new chains for onboarding through a governance vote, making the platform adaptable and community-driven. The company's goal is to facilitate liquid staking for various blockchain networks, ensuring security through rigorous audits and aligning its revenue model with user success by taking a small fee from the yields earned.

Simplify's Take

What believers are saying

• Increased interest in liquid staking boosts Stride's market demand.
• Launch of stTIA and financing enhance Stride's modular blockchain position.
• Partnerships with dYdX and Commonwealth expand Stride's ecosystem reach.

What critics are saying

• Competition from new liquid staking solutions may dilute Stride's market share.
• $4M financing may pressure Stride for rapid growth, risking long-term goals.
• Partnerships expose Stride to shared reputational risks from partners' challenges.

What makes Stride unique

• Stride offers dual earning potential through staking and DeFi activities.
• Stride operates within the Cosmos IBC ecosystem, enhancing interoperability.
• Stride allows users to propose new chains via governance votes, ensuring adaptability.

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Funding

Total Funding

$10.4M

Above

Industry Average

Funded Over

1 Rounds

$4,000,000

Seed

Feb 2024

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$4M