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Stride Staked OSMO

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Discover Stride Staked OSMO's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Stride Staked OSMO?

Stride Staked Osmo (STOSMO) is a liquid staking token (LST) that represents staked OSMO, the native token of the Osmosis Zone within the Cosmos ecosystem. It allows users to retain liquidity while earning staking rewards, with the ability to convert stOSMO back to OSMO at a 1:1 ratio. This token is part of Stride, a multichain liquid staking zone that supports staking various IBC-compatible tokens, providing users with a versatile asset for DeFi engagements.

How is Stride Staked OSMO used?

Stride Staked OSMO (stOSMO) is a representative token for staked OSMO, the native token of the Osmosis Zone within the Cosmos ecosystem. It is derived through the process of liquid staking OSMO using the Stride protocol. stOSMO allows users to convert staked OSMO into a liquid token, which can be seamlessly transferred, traded, and used in DeFi activities while retaining liquidity and earning staking rewards.

Key Features and Uses
  • Liquid Staking: stOSMO is a liquid staking token (LST) that enables users to stake OSMO and receive stOSMO, which can be redeemed for OSMO at a 1:1 ratio, subject to the unbonding period on OSMO.
  • DeFi Engagement: stOSMO can be used in various DeFi activities, offering users the benefits of liquidity and staking rewards simultaneously.
  • Staking Rewards: stOSMO provides a staking reward of 9.90% APY, allowing users to earn passive income while retaining liquidity.
  • Liquidity Provision: Users can provide liquidity for stOSMO on Osmosis, which offers a high yield compared to traditional OSMO staking and does not incur impermanent loss.
  • Trading: stOSMO can be bought and sold on decentralized and centralized exchanges, and automated trading bots can be used to manage trades efficiently.
Overall, stOSMO offers a versatile and liquid asset that combines the benefits of staking and DeFi engagement within the Cosmos ecosystem.

How do I store Stride Staked OSMO?

To store Stride Staked OSMO (stOSMO) tokens, you can use a Keplr wallet. Here's a step-by-step guide:

  1. Install the Keplr Extension:

    • Install the Keplr extension for Chrome.
    • You can create a new account, import an account from a seed phrase, or connect the extension with your Ledger device.
  2. Fund Your Keplr Wallet:

    • Open your Keplr wallet extension in your browser.
    • Click on the "Deposit" button and copy your Osmosis address.
    • Initiate a withdrawal or send transaction and paste the Osmosis wallet address as the recipient.
  3. Manage Your stOSMO Tokens:

  • Once you have stOSMO tokens in your wallet, you can manage them through the Keplr dashboard.
  • You can track your stOSMO balance and use these tokens for various DeFi activities.

By following these steps, you can securely store and manage your stOSMO tokens using a Keplr wallet.

How to buy Stride Staked OSMO?

To buy Stride Staked OSMO (stOSMO) tokens, you can follow these steps:

  1. Swap Your Tokens: You can swap your existing tokens for stOSMO. This process involves exchanging your tokens for stOSMO, which can be done through various platforms that support stOSMO.

  2. Stake with Stride Directly: You can stake your OSMO tokens directly with Stride to receive stOSMO. This method involves staking your OSMO tokens through the Stride protocol, which will issue stOSMO tokens in return.

  3. Use a Crypto Exchange: You can purchase stOSMO directly from a cryptocurrency exchange that supports stOSMO, such as Gate.io.

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History of Stride Staked OSMO

Stride Staked OSMO (stOSMO) is a cryptocurrency that represents staked OSMO tokens through the Stride protocol. The stOSMO token allows users to maintain liquidity in their staked tokens while earning staking rewards. This token is part of the Cosmos ecosystem, where OSMO is the native token of the Osmosis Zone, a liquidity-centric hub.

The price history of stOSMO has been erratic, with significant highs and lows. It reached an all-time high of $2.16 in March 2024. Since then, the price has fluctuated, with a current price around $0.76. The token has experienced a decline of 59.19% since the start of 2024 but is predicted to increase by 80.93% by the end of the year.

Stride Staked OSMO is ranked #1084 by market capitalization, with a daily trading volume of around $28,000. The token is listed on various exchanges and can be traded against multiple fiat currencies and other cryptocurrencies.

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How Stride Staked OSMO works

Stride Staked OSMO (stOSMO) is a token that represents staked OSMO tokens on the Stride platform. Here's how it works:

Staking and Rewards

When you stake your OSMO tokens on Stride, you earn staking rewards in the form of STRD tokens. These rewards are generated by the Stride protocol and are distributed to stakers. The staked OSMO tokens are locked on the Stride blockchain, but you receive stOSMO tokens in return, which can be used in various DeFi applications.

stOSMO Token

The stOSMO token is a receipt token that represents the staked OSMO tokens. It is redeemable for the original OSMO tokens at a 1:1 ratio, subject to an unbonding period on Osmosis. The value of stOSMO increases over time due to the accumulation of staking rewards, making it a liquid and staked version of OSMO.

Liquidity Provision

You can use stOSMO tokens to provide liquidity on the Osmosis DEX. This allows you to earn additional yield by participating in liquidity pools. For example, you can add stOSMO and OSMO to a liquidity pool, earning rewards based on the pool's performance. This process is facilitated through the Stride app, which allows you to deposit stOSMO directly into the Osmosis DEX.

Benefits

The key benefits of stOSMO include:

  • Liquidity: stOSMO tokens are liquid, meaning you can use them in DeFi applications without having to unlock your staked OSMO.
  • Staking Rewards: stOSMO tokens earn staking rewards, which increase their value over time.
  • Flexibility: stOSMO can be used as collateral, traded on DEXs, or used in other DeFi applications.
Security

Stride's security features include audits by multiple security firms, continuous code auditing, and interchain security from Cosmos Hub, providing a high level of economic security.

Overall, stOSMO offers a way to earn staking rewards while maintaining liquidity and flexibility with your OSMO tokens.

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Stride Staked OSMO's strengths

The token Stride Staked OSMO (stOSMO) has several strengths:

  1. Liquidity: stOSMO offers liquidity to users who stake their OSMO tokens. This means that users can retain liquidity in their staked tokens while earning staking rewards, allowing them to participate in DeFi activities without being locked into a traditional staking period.

  2. Staking Rewards: By staking OSMO with Stride, users earn stOSMO tokens, which are redeemable for OSMO at a 1:1 ratio. This process allows users to earn staking rewards while maintaining liquidity in their tokens.

  3. Flexibility: stOSMO can be used in various DeFi engagements, such as liquidity pools, and can also be used as collateral to mint assets elsewhere. This flexibility makes it a versatile asset in the Cosmos ecosystem.

  1. Airdrop Potential: stOSMO holders may be eligible for airdrops from projects that include liquid staking tokens in their airdrop criteria, which can provide additional value to holders.

  2. Multichain Support: Stride, the platform behind stOSMO, supports staking for multiple tokens, including ATOM, OSMO, JUNO, and STARS, making it a comprehensive liquid staking solution.

These strengths make stOSMO an attractive option for users seeking liquidity and staking rewards in the Cosmos ecosystem.

Stride Staked OSMO's risks

Stride Staked OSMO (stOSMO) carries several financial risks:

  1. Security Risks: stOSMO is dependent on the security of both Stride and Osmosis. If either chain is compromised, the underlying OSMO backing stOSMO could be lost.

  2. Trust Risks: Losing trust in Stride can cause the synthetic asset to be valued less than the underlying OSMO, even without a security breach. This is a general risk associated with liquid staking tokens.

  3. DEX Risks: stOSMO is traded on a DEX, which means that users do not have full control over their tokens. This can lead to risks such as liquidity issues or price divergence.

  1. Impermanent Loss (IL) Risks: Although stOSMO is designed to mitigate IL, there is still a small risk of divergence between the value of stOSMO and the underlying OSMO.

  2. Liquidity Risks: If a large number of users withdraw from the stOSMO/OSMO pool, it can lead to significant price divergence, making it difficult to maintain liquidity.

  3. Competitive Risks: Stride faces competition from other liquid staking protocols, which can impact the adoption and value of stOSMO.

  1. Ecosystem Risks: Stride's success is closely tied to the success of the Cosmos ecosystem, particularly Osmosis. Any issues with these chains can negatively impact stOSMO.

  2. Fee Risks: Stride charges a 10% fee on staking rewards, which can reduce the overall yield for stOSMO holders.

These risks highlight the importance of carefully evaluating the Stride ecosystem and the stOSMO token before investing.

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Stride Staked OSMO's ecosystem

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Stride Staked OSMO’s team

  • Vishal Talasani: Co-Founder of Stride.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Stride Staked OSMO NEWS REPORT

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