The Cosmos-based liquid staking protocol will airdrop $18 million price of STRIDE tokens to early adopters of stTIA over 5 months.
Stride, the main liquid staking protocol within the Cosmos ecosystem, has added assist for Celestia (TIA).
The mission has allotted 5 million STRIDE tokens (price $18.5 million on the time of writing) to be airdropped to early adopters of its stTIA liquid staking token. 3M STRIDE will likely be distributed throughout the subsequent 60 days.
STRIDE has gained 26% prior to now 30 days and has greater than quintupled since November.
Initially, solely stTIA held on the Stride chain will likely be eligible for the airdrop. Assist for decentralized exchanges Osmosis and Astroport Neutron will likely be added on February fifth.
Stride is the most important LST protocol within the Cosmos ecosystem, with a complete worth locked (TVL) of $88 million. Whereas the overwhelming majority of its TVL consists of ATOM and OSMO tokens, the protocol has been increasing its product choices in current months.
stTIA is the second LST launched by Stride this week, launched simply three days after the mission built-in DYDX, the token of the perpetual DEX with the main buying and selling quantity.
