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Summary of Stride Staked TIA
- stTIA is a token representing staked TIA, created through the Stride protocol.
- TIA is the native token of Celestia, a modular data availability network.
- Stride enables users to liquid stake tokens on any Cosmos chain.
- Users receive staked tokens immediately and rewards accumulate in real-time.
- Staked tokens can be freely traded and redeemed with Stride at any time.
- Rewards are compounded on the backend, and users can earn additional yield through lending, LPing, and more.
Numbers and figures:
- None mentioned in the text.
Introducing Stride Staked TIA: Unlocking the Power of Staking
stTIA is a tokenized representation of staked TIA, born out of the Stride protocol,
which seamlessly enables conversions back to the original tokens while facilitating
smooth transactions, transfers, and active participation in decentralized finance (DeFi) activities.
TIA, the native token of Celestia, serves as the backbone of a modular data availability network.
With Stride, users can seamlessly liquid stake their tokens on any Cosmos chain via Stride, a sovereign zone. Upon liquid staking, users instantly receive staked tokens, and rewards accrue in real-time to staked token holders. These staked tokens remain freely tradable and can be redeemed with Stride at any time to retrieve native tokens plus accumulated staking rewards. Behind the scenes, Stride permissionlessly stakes these tokens on the host chain, compounding user rewards. Throughout, users continue to earn staking yield and can further augment their yield through lending, liquidity provision, and other opportunities.