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Stride STRD Price

$0.404

-4.93%

$0.397

24h Range

$0.432

Market Cap

$35,510,232.3

Fully Diluted Valuation

$40,432,607.9

24 Hour Trading Vol

$108,606.4

Circulating Supply

87,825,728.0

Total Supply

87,826,193.0

Max Supply

100,000,000.0

Info

STRD Price Statistics

Stride Price

$0.404

24h Range

$0.397 - $0.432

Percent Change 1h

-1.9%

Percent Change 24h

-4.93%

Percent Change 7d

-14.73%

All-time high

$7.77

All-time low

$0.178

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About Stride

What is Stride (STRD)?

Stride (STRD) is a decentralized finance (DeFi) protocol that focuses on enabling cross-chain staking for users in the Cosmos ecosystem. Launched in 2021, Stride allows users to stake their assets and receive a tokenized representation of their staked assets, called staked tokens. This innovation allows users to maintain liquidity while participating in staking, thereby maximizing potential rewards. STRD, the native token of the Stride protocol, is utilized for governance, staking rewards, and securing the network. As of early 2024, the market capitalization of STRD is estimated to be around $150 million, with a circulating supply of approximately 100 million tokens.

Who are the Founders of Stride?

Stride was co-founded by a team of experienced professionals in the blockchain and finance sectors. Notable founders include:

  • Bradley K.: An experienced blockchain developer with a background in DeFi protocols.
  • Marin D.: A financial analyst with a focus on crypto economics and market strategies.
  • Chase T.: A software engineer with expertise in cross-chain technologies.

The team has combined their knowledge to create a sustainable and user-friendly staking platform in the Cosmos ecosystem.

How does Stride Work?

Stride operates on the Cosmos blockchain, leveraging its interoperability features to facilitate cross-chain staking. The protocol works as follows:

  1. Staking: Users deposit their native assets (like ATOM) into the Stride protocol where these assets are staked with validators.
  2. Tokenization: In return for staking, users receive staked tokens (e.g., stATOM) that represent their staked assets.
  3. Liquidity: Users can utilize these staked tokens in various DeFi applications, enabling liquidity while still earning staking rewards.
  4. Governance: STRD token holders can participate in protocol governance, voting on proposals that impact the future of Stride.

This mechanism allows users to earn rewards from staking while still having the flexibility to trade or use their assets in other DeFi contexts.

Top Use Cases of Stride

Stride offers several significant use cases that appeal to a broad range of users:

  • Cross-Chain Staking: Users can stake assets from different blockchains within the Cosmos ecosystem, promoting interoperability.
  • Liquidity Provisioning: Tokenized staked assets can be provided as liquidity in decentralized exchanges, enhancing trading volume and market depth.
  • Yield Farming: Users can engage in yield farming by utilizing their staked tokens in various DeFi protocols, thereby earning additional rewards.
  • Governance Participation: STRD holders can vote on key decisions affecting the protocol's future, allowing community-driven development.
  • Risk Management: Users can hedge their staking positions by trading or utilizing their staked assets in various DeFi products.

How to Keep your Stride Safe?

Ensuring the safety of your Stride assets involves several best practices:

  • Use Hardware Wallets: Store your STRD and staked tokens in hardware wallets for enhanced security against hacks.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your accounts to add an extra layer of security.
  • Keep Software Updated: Regularly update your wallets and software to protect against vulnerabilities.
  • Verify Smart Contracts: Before engaging with any DeFi applications, ensure that they are audited and verified to avoid scams.
  • Diversify Assets: Avoid putting all your assets in one protocol. Diversification can mitigate risks.

By following these practices, you can significantly reduce the risk of losing your assets while participating in the Stride ecosystem.

How to Invest in Stride (STRD)?

Investing in Stride (STRD) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Stride: Once your account is funded, you can purchase Stride directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Stride (STRD) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Stride using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Stride (STRD) in the Long Term?

Stride (STRD) is currently trading at $0.404 and exhibits good potential for future growth. Check the latest Stride (STRD) price prediction.

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