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 enables them to maximize their returns. Stride differentiates itself from competitors by offering a community-driven platform where users can propose new chains for onboarding through governance votes, ensuring adaptability to user needs. The company's goal is to facilitate liquid staking across various blockchain networks, aligning its revenue model with user success by charging a small fee on the yields earned. Stride prioritizes security, having undergone thorough audits to ensure a reliable platform for its users.

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

$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