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Summary of Stride Staked INJ
- stINJ is the token received for staking INJ with Stride.
- INJ is the native token of Injective Protocol.
- Staking INJ with Stride earns stINJ, redeemable for INJ at a 1:1 ratio.
- Unbonding period applies to INJ.
- Stride supports staking INJ on its mainnet since late July 2022.
- stINJ allows users to retain liquidity in staked tokens and earn staking rewards.
- Users can take advantage of Injective Protocol’s DeFi offerings and pursue more yields.
- Numbers and figures:
Introducing Stride Staked INJ: Unlocking the Power of Staking
stINJ is the token received in exchange for staking INJ with Stride, a process that unlocks a unique opportunity for users to earn a redeemable token, redeemable for INJ at a 1:1 ratio, subject to the unbonding period on INJ. As the native token of Injective Protocol, INJ can be staked on Stride’s mainnet, which successfully launched in late July 2022. By doing so, users can maintain liquidity in their staked tokens while simultaneously earning staking rewards, thereby empowering them to leverage Injective Protocol’s DeFi offerings and pursue additional yields within the ecosystem.