Stride

Provides liquid staking solutions in blockchain

New York City, New York, United States

About Stride

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 still utilizing them for other DeFi functions, 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 market needs. The company's goal is to facilitate liquid staking for various blockchain networks, aligning its revenue model with user success by charging a small fee on the yields earned. Security is prioritized through rigorous audits, providing users with a reliable and secure platform.

New York City, New YorkHeadquarters
2022Year Founded
$10.4MTotal Funding
SEEDCompany Stage
Crypto & Web3Industries
1-10Employees

Risks

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.

Differentiation

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.

Upsides

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.