Stride proposes orderly shutdown of its chain and migration to Osmosis
- —Stride's TVL is about $6 million and funds would run out by February 2027 at the current burn rate
- —stToken redemptions are open until October 12, then pause until the Osmosis migration
- —stATOM, stOSMO and other stTokens will enter Osmosis pools at a fixed rate, turning redemption into a swap
- —After migration, stTokens will no longer generate staking yield
Why it matters: Stride's shutdown shrinks liquid staking supply in Cosmos and moves stToken holders to Osmosis, shifting the balance of power in the ecosystem.
Source: PANews