Summary
- 5,000,000 $STRD (5% of the total STRD supply) will be distributed via airdrop to stTIA holders.
- Snapshots start today and continue for 150 days.
- 2x bonus for users who hold stTIA in the first 60 days.
- STRD can be claimed within 6 months
What Is Stride ($STRD)?
Stride (STRD) is a cross-chain liquid staking protocol that provides an innovative approach to liquid staking with additional restaking rewards . This approach not only increases profitability for validators , but also strengthens network security, setting a new standard in blockchain technology . Stride has its own token, namely STRD, which functions as a utility token.
Also Read: What is Crypto Restaking? Listen to the explanation!
Airdrop Holder Celestia (stTIA)
5,000,000 STRD is a huge amount, equivalent to 5% of the total token supply. This airdrop will be allocated to stTIA holders for the next 150 days. This is the biggest airdrop Stride has ever done in such a short period.
There are no tricks, no footnotes, and absolutely no points required. All you need to do is hold stTIA, and every day you will get a share of the 5 million STRD airdrop. Six months after the STRD is allocated, the tokens can be claimed and are fully liquid.
Also Read: Free Crypto Airdrop Awaited in 2024
Why is Stride giving this big airdrop to stTIA?
Celestia is one of the most exciting and powerful blockchains ever launched. With Celestia's core contributors, their innovation in data availability, and strong community support, Celestia is entering a bright future.
As the leading liquid staking provider for the Cosmos ecosystem , Stride will now provide support to Celestia by providing the most neutral and secure TIA staking. This large STRD airdrop will help kick start stTIA liquidity and increase awareness about StTIA
Also Read: What is Celestia (TIA)? Everything You Need to Know
Detail Airdrop STRD
STRD Airdrop Eligibility Terms & Conditions
To qualify, all you need to do is hold stTIA tokens. You can acquire stTIA via the Stride protocol app or trade it on a decentralized exchange ( DEX ). Your stTIA storage location is very important, as only a few on-chain locations are eligible for this airdrop.
In the first few days after launch, only stTIAs stored on the Stride blockchain were eligible for the airdrop. When a daily snapshot is taken within the next few days, your stTIA must be in Stride to qualify for that daily reward. If your stTIA is stored elsewhere, you will not be eligible to receive these daily rewards.
Source: Stride
Starting Monday, February 5 at 10:00 UTC, stTIA airdrop locations will expand to the Osmosis and Neutron blockchains. At this time, some liquidity on these DEXs will also be whitelisted.
Stride will continue to add eligible locations and activities throughout the airdrop period. Stride will announce these changes publicly if they occur.
Jadwal Alokasi Token Airdrop STRD
The 150 day airdrop period will be divided into two phases: phase one and phase two. A total of 5 million STRD will be allocated to stTIA holders according to the following table:
Source: Stride
-
Phase One (60 Days)
- Daily: 50,000 STRD
-
Phase Two (90 Days)
- Daily: 22,222 STRD
Each day, a snapshot is used to determine addresses holding stTIA in eligible on-chain locations. STRDs are allocated to addresses according to the number of stTIAs they hold. In other words, each day, your share of the total eligible stTIA supply will determine your share of this airdrop's daily allocation.
Let's look at an example. If you hold 100 stTIA and on the first day there is a token lock up with a total of 40,000 stTIA, then you hold 0.25% of all stTIA on that day. In the first 60 days, there will be an allocation of 50,000 STRD per day. So the airdrop allocation for you on the first day is 125 STRD, which is 0.25% of 50,000.
Distribusi Token STRD
The allocated STRD will be claimable 180 days after it is allocated. Since allocation occurs every day, distribution will also occur every day. So, 180 days after receiving the STRD allocation, new users will be able to claim it. Once claimed, the token is fully liquid and can be traded on DEX or CEX.
Once STRD tokens become claimable, users will have 180 days to claim the STRD. If not claimed after this time period, unclaimed STRDs will be returned to the community pool managed by Stride community governance.
Airdrop UI view
Starting tomorrow, when the first snapshot is taken, a simple user UI/UX will be provided to view the total number of STRDs allocated to the user. This UI/UX will be accessible from the Stride web application.
stTIA is a Modular Asset
So far, Cosmos has struggled to encourage the use of PoS tokens on the blockchain. High staking rewards and FOMO over potential airdrops to stakers have taken a huge toll. Why put your ATOM in DeFi when you can earn staking rewards and airdrops just by staking?
Stride believes that Celestia will open a different path. As a modular asset used across multiple blockchains, TIA is likely to see stronger demand for liquid staking Tokens(LST) . This will encourage on-chain usage and higher transaction rates. However, this requires neutral, safe and inclusive ESG for the TIA Token. And today, that token has been launched – stTIA.
Think of stTIA as a native token in various rollups across a modular world; stTIA's strong liquidity on DEX; stTIA as collateral in DeFi leverage applications; stTIA is used for NFT trading; DAO cash holding stTIA, and more.
Check How to Buy Celestia (TIA)
Conclusion
Airdrop 5,000,000 STRD will be allocated to stTIA holders over the next 150 days.
Celestia's modular ecosystem is one of the most exciting developments in Cosmos history. With Stride now emerging as the leading liquid staking provider for Celestia, the next step is to provide LSTs for more modular blockchains - such as Dymension, Saga, and Initia.
Celestia has sparked rapid modular expansion, and Stride is trying to increase awareness through this event.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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