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Summary of Stride Staked OSMO
- stOSMO is a representative token for staked OSMO, derived through liquid staking OSMO using the Stride protocol.
- stOSMO can be converted back to original tokens at any point.
- It enables seamless transactions, transfers, and DeFi participation.
- stOSMO is liquid, allowing it to be sold, transferred, or used in DeFi.
- In the Cosmos ecosystem, stOSMO offers DeFi engagement and an 8.34% staking reward.
- Figures mentioned: 8.34%
Introducing Stride Staked OSMO: Unlocking the Power of Decentralized Finance
Stride Staked OSMO, denoted as stOSMO, is a tokenized representation of staked OSMO, born out of the liquid staking process facilitated by the Stride protocol. This derivative token can be effortlessly redeemed for its original form at any time. Notably, stOSMO enables frictionless transactions, seamless transfers, and active participation in decentralized finance (DeFi) activities. Unlike its staked ATOM counterpart, stOSMO boasts liquidity, allowing it to be freely bought, sold, transferred, or utilized in DeFi applications.
In the expansive realm of the Cosmos ecosystem, where OSMO serves as the native token of Osmosis, stOSMO emerges as a multifaceted asset, offering the dual benefits of DeFi engagement and a substantial 8.34% staking reward.