What is Stride Protocol?
Stride Protocol is the leading liquid staking provider (LSD) in the Cosmos ecosystem. Stride’s dominance and integrations with the broader DeFi ecosystem are quite dominant, with over 80% market share. For Ethereum users, it can be seen as the Lido of Cosmos, and its tokenomics provide a way for traders to gain exposure to an index of some of the most popular Cosmos chains.
Given the nature of LSDs in the market, Stride is in a good position given the clear product-market fit and has a path to capture significant revenues.
Product Market Fit
- Cosmos SDK tokens are used to secure layer-1 chains and force users to make a very strong tradeoff - either stake the token to secure the chain and...