Stride's 2022 End of Year Review Call Recap
This covers Stride's 2023 end-of-year call recapped including accomplishments, changes in tokenomics, integrations, and more.
Author: Curious Cosmonaut Research
Date: December 23, 2022
This was an amazing session by @stride_zone and set the tone going into 2023 as well. I’ve listened to it multiple times now and here are the biggest takeaways for me
— Stride (@stride_zone) December 21, 2022
A lot of integrations have happened, are happening, or are in the voting stage: @osmosiszone, @Shade_Protocol, @IBCindex, $IST, @demexchange, @Umee_CrossChain, @Injective_, @astroport_fi, @ComdexOfficial, @EvmosOrg and I’m likely missing more!
Stride completed their 3rd security audit!
Big UX upgrades are coming to do things in 1 click instead of multiple. An example could be you have ATOM and want stakes Stride in 1 click it goes: IBC ATOM Swap to $STRD, IBC STRD, Stake STRD. Just one hypothetical example utilizing @osmosiszone.
Additional security features are being explored. While IBC is extremely resilent and battle-tested we have seen many bridge hacks. Stride is exploring implementing features like rate limiting. Helping to avoid a full drain of assets if a hack occurred.
Stride will become a consumer chain of interchain security to enhance its security further. They will likely even explore mesh security later on. Follow people like @sunnya97, @JTremback, @jelenaaa____,@Thyborg_and more if you want to continue learning about ICS/Mesh or check it out on our website by searching the terms.
Stride is having some tokenomics updates. One example is all protocol revenue will start going to stakers. Stride has already generated 20K USD worth of revenue and is on track to bring in more than 200K USD in the next 12 months.
Inflation for year 1 was actually 2.5 Million STRD instead of 9.5 Million planned reducing expected inflation.
Today Stride is gassless that may change in small ways for certain functions as they are exploring paths to minimize any network spam proactively (great choice as long as it’s small).
Liquid Governance (name TBD) coming where users can liquid stake and still vote in governance. This will be done in stages but we could even see LS into DeFi and still being able to proxy vote. Helping reduce opportunity costs further between staking and liquid staking.
Fun facts - Stride went live about 110 days ago, 5.7M is already locked, 53,660+ wallets have interacted, they’ve hired 5 engineers and 4 non-engineers.
They have a Stride Council to examine validators and will make proposals they look at negative items (never voting, high fees, exchange) as well as positive things (contributions) of validator and will make a proposal. Then the community can agree to it or counter that.
Stride currently has 475K $ATOM, 1.54M $OSMO. So that's about 0.25% of staked ATOM, and 0.75% of staked OSMO.
Per @Thyborg_ previous thread the airdrop strategy appears to be working for them. They went from 10K addresses interacting with the platform to over 50K giving them the opportunity to bring in more investors and users (hopefully both).
Should #Cosmos projects continue to airdrop a large amount of their total supply to the community? Looking at the price performance of the projects that chose to airdrop against the projects that chose to launch on #Coinlist, the answer is a resounding yes 👇
— Thyborg (@Thyborg_) April 25, 2022
They are planning a unique concept called a rolling airdrop. Basically instead of burning or moving unclaimed airdrops to the community pool they will keep resetting them. Basically allowing active users to keep claiming airdrops if others do not. Rewarding early adopters.
Stride an exciting project happening in Cosmos. I highly recommend following, @quicksilverzone also, @stride_zone, @interchainriley, @v_talasani, @lurkaroundfind, and of course Curious Cosmonaut Research as we continue to follow them.
