Stride (STRD)
STRD is the governance token of the Stride blockchain, an innovative platform that plays a crucial role in its governance and decision-making processes. As a fundamental element of Stride's ecosystem, STRD empowers its holders to actively participate in shaping the future of the network.
The role of STRD in governance
STRD serves as a pivotal component in Stride's governance structure. Token holders are granted the ability to engage in on-chain governance processes, which include casting votes on crucial matters such as validator selection and chain upgrades. This participatory mechanism ensures that the community has a direct influence on the direction and development of the Stride blockchain.
| Ticker | STRD |
| Category | Liquid Staking Governance Tokens |
| Website | https://www.stride.zone |
| @stride_zone | |
| Contract Addresses | |
|---|---|
| osmosis | ib...A4 Copied! |
Staking and rewards
One of the key features of STRD is its staking functionality. Holders can stake their tokens to earn rewards, which are a combination of STRD and rewards derived from liquid staked tokens. This dual-reward system incentivizes active participation and engagement within the network, allowing users to benefit from both the governance and economic aspects of Stride.
Interchain security and its impact
Stride's adoption of Interchain Security (ICS) has not altered the core functions of STRD. Token holders can continue to stake their tokens and receive rewards, maintaining their active role in governance and decision-making processes. ICS enhances the security and interoperability of Stride, further solidifying the importance of STRD within the ecosystem.
Emission reduction and sustainability
To promote long-term sustainability, the emission of STRD as staking rewards was reduced by half from the original tokenomics. This strategic adjustment ensures a balanced and sustainable distribution of rewards, aligning with the network's growth and development goals.
Collaboration with Cosmos Hub
A notable aspect of STRD's tokenomics is the collaboration with the Cosmos Hub. Fifteen percent of staking rewards are shared with the Cosmos Hub, fostering a synergistic relationship between the two ecosystems. This collaboration enhances the interconnectedness of blockchain networks, contributing to a more robust and resilient blockchain landscape.