Stride Staked Atom STATOM Price 3.17

Staked Atom is the token received in exchange for ATOM. There is a 21 day unbonding period. Stride is currently in the public testnet phase with over 100 validators, and supports staking ATOM in return for STATOM, with the intention to add more functions to many more zones. There is more information about the application. The multichain liquid staking zone is called Stride. Users can stake any token and receive stTokens in return, which can be used to redeem the original token. Some of the top investors in Stride are Imperator, Everstake, 1Confirmation, Pantera and North Island Ventures. The governance token of the Stride Zone allows holders to vote on important decisions such as the distribution of staked token to each validator, the onboarding of new validators, and other protocol upgrades and improvements.