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About Stride
Industries
Crypto & Web3
Company Size
1-10
Company Stage
Seed
Total Funding
$10.7M
Headquarters
New York City, New York
Founded
2022
Overview
Stride offers liquid staking solutions within the Cosmos blockchain ecosystem, enabling users to earn yields from both staking and decentralized finance (DeFi) activities. Users can stake their assets while still participating in DeFi, allowing them to maximize their returns. Stride differentiates itself by being community-driven, allowing users to propose new chains for onboarding through governance votes. The company's goal is to empower users to enhance their earnings while ensuring a secure and adaptable platform.
Simplify's Take
What believers are saying
- Integration with Penumbra attracts privacy-focused DeFi users.
- Launch of stTIA token showcases Stride's commitment to innovation.
- $4M strategic financing boosts Stride's modular ecosystem expansion.
What critics are saying
- Increased competition from new entrants in the liquid staking space.
- Market saturation from new liquid staking tokens like stTIA.
- Pressure to meet investor expectations after $4M financing round.
What makes Stride unique
- Stride offers dual earning potential from staking and DeFi activities.
- Stride operates within the Cosmos IBC ecosystem, enhancing interoperability.
- Stride allows users to propose new chains via governance votes.
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Funding
Total Funding
$10.7M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Company News
Penumbra has integrated with Stride to introduce private liquid staking, marking a significant shift in how staking and privacy coexist in decentralized finance (DeFi).
Moreover, Stride unveiled the launch of stTIA, a novel liquid staking token, further solidifying its commitment to innovation and user empowerment.
Stride Association announced the completion of US$4 million in strategic financing to promote Stride's development in the modular ecosystem. This round of financing was led by DBA, with participation from 1confirmation, Road Capital, Modular Capital, Chorus One and Imperator. According to previous news, Stride announced yesterday the launch of a new LST asset, stTIA, and 5 million STRD (5% of the maximum supply) will be airdropped to early stTIA holders.
Stride Labs, a multichain liquid staking protocol, has raised $4M in Venture funding led by DBA.
dYdX Foundation partners with Stride to launch liquid staking.
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About Stride
Industries
Crypto & Web3
Company Size
1-10
Company Stage
Seed
Total Funding
$10.7M
Headquarters
New York City, New York
Founded
2022
There are no jobs for Stride right now.
Find jobs on Simplify and start your career today
People Also Viewed
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