Tired of choosing between staking your tokens and maintaining liquidity? Stride Staked TIA ($stTIA) offers a solution. Born from the Stride protocol, $stTIA allows you to stake TIA tokens—native to the Celestia network—while keeping them liquid for DeFi activities. Stake your tokens effortlessly across any Cosmos chain, earn rewards in real-time, and trade freely. $stTIA ensures you don’t miss out on other lucrative opportunities. Dive into the world where staking meets liquidity and discover how Stride Staked TIA can elevate your DeFi experience.

What is Stride Staked TIA?

Stride Staked TIA ($stTIA) is a token representing staked TIA, created through the Stride protocol. It enables easy conversions to the original tokens and facilitates transactions, transfers, and participation in DeFi activities. TIA is the native token of Celestia, a modular data availability network.

With Stride, users can liquid stake their tokens on any Cosmos chain using Stride (a sovereign zone). Users receive staked tokens immediately when they liquid stake. Rewards accumulate in real-time to staked token holders. These staked tokens can be freely traded and can be redeemed with Stride at any time to receive back native tokens plus staking rewards. On the backend, Stride permissionlessly stakes these tokens on the host chain and compounds user rewards. Users continue to earn staking yield and can earn additional yield by lending, LPing, and more.

Token Market Data

Understanding the market data for $stTIA is crucial for potential investors and users. Here are some key statistics:

• Current Price: $17.0568
• Market Cap: $0.00
• 24h Price Change: 6.55%
• 7d Price Change: 1.94%
• 30d Price Change: -3.06%
• 24h High: $17.4535
• 24h Low: $16.0170
• All-Time High: $18.7437 (2024-02-17T04:07:00.000Z)
• All-Time Low: $14.7691 (2024-03-06T03:02:00.000Z)
• Circulating Supply: 0.00
• Total Supply: 2,050,371.00

Purpose and Utility of Stride Staked TIA

Solving the Liquidity Problem

The primary purpose of $stTIA is to allow token holders to stake their TIA tokens to secure the chain and accrue staking rewards while preserving liquidity. This eliminates the tradeoff between staking and staying liquid, encouraging more staking and more utility for TIA.

Functionality within the Ecosystem

The $stTIA token functions within the Stride ecosystem, a liquid staking provider in the Cosmos ecosystem. Stride supports multiple blockchains, including Celestia, and offers a liquid staking module (LSM) that regulates the adoption of liquid staking. This module introduces checks and balances, controlled by Celestia governance, to mitigate the risks of liquid staking and ensure accountability.

Unique Features and Benefits

One unique feature of Stride is its governance model, where the Stride ($STRD) token allows holders to participate in important decisions within the Stride Zone. This includes allocating staked tokens to each validator, onboarding new validators, implementing protocol modifications and enhancements, and voting on critical matters. This governance model ensures that the community has a say in the platform's development and decision-making process.

Another unique feature is Stride's interchain security deal with Cosmos Hub, providing the Stride blockchain with ~$3B worth of economic security, ranking it in the top 20 of all PoS chains in crypto. This interchain security deal enhances the platform's security and economic stability.

Tokenomics and Distribution Model

Total Supply and Distribution

The Stride Staked TIA crypto token, also known as STRD, has a total token supply of 100 million tokens. The token is emitted according to its emissions schedule until it hits this maximum supply.

Distribution Model

• Community: 50.2% of the ST token supply is distributed to the communities Stride serves through airdrops, staking rewards, and other means.
• Core Contributors: 24.2% of the total ST supply, with tokens vesting one year after launch and taking two more years to fully vest.
• Initial Security Budget: 2.2%
• Partners: 16.7%
• Community Reserve: 2.0%
• Strategic Reserve: 8.9%
• Community Airdrop: 6.3%
• Staking Rewards: 5.2%
• Community Incentives: 31%
• Dev. Team: 24.2%
• Community Growth: 3.5%

Emissions and Incentives

Token emissions will be emitted either during block-by-block emissions, incentive distribution, or token vesting to core contributors and partners. In the first year, 9,450,000 ST will be emitted via block-by-block emissions, allocated to four categories: staking rewards, strategic reserve, initial security budget, and staking rewards. Every year block-by-block emissions will be reduced by 50%, until they asymptotically reach zero. A total of 18,900,000 ST, or 18.9% total supply, will be emitted via block-by-block emissions.

The Team Behind Stride Staked TIA

Core Team Members

1. Evan Kereiakes: Co-Founder and CEO of Stride. Extensive experience in the blockchain industry, previously worked as a software engineer at Chaincode Labs, contributing to the development of the Bitcoin and Lightning networks.
2. Jonathan Chan: Co-Founder and CTO of Stride. Strong background in computer science, previously worked as a software engineer at Google and Facebook, and contributed to the development of the Cosmos SDK and the Tendermint consensus engine.
3. James Prestwich: Co-Founder and CSO of Stride. Background in mathematics and computer science, previously worked as a software engineer at Google and Microsoft, and contributed to the development of the Cosmos SDK and the Inter-Blockchain Communication (IBC) protocol.
4. Jonathan Farnum: Head of Product at Stride. Background in product management, previously worked at Google and Facebook, and worked on the development of the Cosmos Hub and the IBC protocol.
5. Josh Lee: Head of Engineering at Stride. Background in computer science, previously worked as a software engineer at Google and Facebook, and contributed to the development of the Cosmos SDK and the Tendermint consensus engine.

Notable Advisors and Partners

Stride has partnered with various notable entities in the Cosmos ecosystem and beyond, including Informal Systems, Oak Security, and Certik, which have conducted audits for Stride to ensure its security and safety. Stride also works closely with other Cosmos builders such as Hypha, Iqlusion, Osmosis