What’s next for Stride?
In this Twitter space, Summer of Stride is joined by liquid riley, aidan and Sam Attal to talk about development updates, recap, roadmap and more.
Read our notes below to learn more.
Development Updates
Their first integration of the lending pool is now live in Demex Nitron.
$stATOM is currently in governance to be listed on Umee.
They are in their first phase of onboarding with Shade Swap.
They are currently talking with a number of projects they mentioned on their Twitter for integration.
They upgraded the chain to v3 to add the airdrop module that will allow them to do their first airdrop and the coming airdrops as well.
They had an open discussion with the Osmosis community regarding $stOSMO incentives to the $stOSMO pool in their platform and the proposal passed.
The next upgrade is coming early to mid January 2023.
The first big thing coming is the EVMOS support.
They are adding one-click liquid staking and it is a big UX improvement.
They are adding IBC to improve security.
They’re adding a DeFi integrations page in their app that will show a user’s DeFi asset holdings in the entire Cosmos ecosystem.
They elected their first Stride validator selection council.
Roadmap H1 2023
They’re adding ICS for upgraded security.
Interchain Security from the Hub will be available in Q1 2023.
They’re also looking to integrate MESH security and the idea behind it is it will give Stride additional security for every zone it onboards proportional to the value locked in that zone.
They have some tokenomics update.
Stride stakers asserted their right to handle protocol revenue that will enable them to receive 100% of the protocol revenue in addition to the inflationary rewards they already receive.
Increased emissions, as of now, Stride is on track to only have 2.5M $STRD emitted inflationary rewards for the 1st year and that is different from the 9.5M planned in the original tokenomics article.
Staked $STRD belonging to investors and contributors currently receive staking rewards but some are working for a solution to prevent investors and contributors receiving staking rewards in order for everyone else to enjoy higher rewards.
They are going to do optimizations in which transactions will be gasless to prevent spam onchain on the long run.
They will have Liquid Governance and the idea is when users do liquid staking, it will enable them to either let the validator vote on their behalf or retain their vote themselves.
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Fun Facts about Stride
They wrote their first line of code 230 days ago which is May 1st of 2022.
Stride went live 108 days ago.
53,866 accounts currently interact with Stride.
Current value locked in the protocol is $5.76M.
They produced 1.56M blocks.
They had hired 5 engineers and 4 folks across community, business development and growth.
They currently have 0.25% of all $stATOM, 0.5% of all $stOSMO and 1% of all $STARS.
$stATOM pool is ranked #5 pool and the $stOSMO pool is ranked #11 pool in Osmosis.
Q&A
Q: How was the airdrop distribution algorithm and calculation done?
It is done linearly.
The whale cap was chosen to make sure that no single massive user takes the majority of the airdrop.
Q: Do you still plan to have openings for content ambassadors?
The ambassador program will come back but it’s not 100% settled yet.
They will still set a criteria for it.
They will communicate with the community once they have a clear plan.
Q: Are there any metrics for how many users the airdrop brought into the protocol?
They utilized Numia which started indexing Stride.
They looked at the total number of accounts on Stride before airdrop was 10k accounts and after the airdrops it now has 50k+ accounts.
Q: How does the airdrop make users loyal to the platform in the long term?
They put in mechanisms that a user can only claim the entire airdrop reward when they interact with the platform like staking or using the platform.
Q: What differentiates Stride from other liquid staking protocols in Cosmos?
The main difference is vision and few technical implementation details that are very high level.
Most of the other liquid staking solutions aim to be DeFi hubs where Stride has a minimalist vision where all their focus is on liquid staking.
They think relatively more on security where others focused more on governance.
They are the only chain that offers redemptions at launch.
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