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Summary of Stride Staked STARS
- stSTARS is a token received for staking STARS with Stride.
- STARS is the native token of the Stargaze ecosystem on the Cosmos blockchain.
- Staking STARS with Stride earns stSTARS, redeemable for STARS at a 1:1 ratio.
- Subject to the unbonding period on STARS.
- Stride supports staking STARS on its mainnet, launched in late July 2022.
- stSTARS allows users to retain liquidity in staked tokens and earn staking rewards.
- Users can pursue more yields within the ecosystem.
- Numbers and
Introducing Stride Staked STARS: Unlocking the Power of Staking
stSTARS is a token received in exchange for staking STARS with Stride, the native token of the Stargaze ecosystem built on the Cosmos blockchain. By leveraging Stride’s staking capabilities, users can earn stSTARS, redeemable for STARS at a 1:1 ratio, pending the unbonding period on STARS. As of its mainnet launch in late July 2022, Stride has been supporting STARS staking. The stSTARS token enables users to maintain liquidity in their staked tokens while simultaneously earning staking rewards, thereby empowering them to pursue additional yields within the ecosystem.