Stride Chain to Wind Down; stToken Redemptions to Move to Osmosis
AI Market Summary
Stride will orderly shut down its chain, pausing direct stToken redemptions on Stride after Oct 12 and migrating redemption liquidity to an Osmosis Transmuter pool around Nov 20. While stTokens won't expire and users generally need no action, the shutdown and cessation of reward accrual post-migration introduce operational and liquidity-friction risks for Cosmos liquid staking markets, with ATOM-related stAssets most directly affected.
Impact level
● Medium
Affected assets
ATOM/USDT-0.52%
AI Insight · ATOM/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
According to Odaily Planet Daily, Cosmos liquid staking protocol Stride has laid out an orderly shutdown plan for the Stride chain. Users will be able to redeem stTokens on Stride through October 12, after which the redemption feature will be suspended.
Stride expects to open a dedicated redemption pool on Osmosis around November 20, once the underlying staked assets are unlocked. stTokens will remain valid and do not expire. The team said users do not need to take any steps ahead of the migration, and stTokens already deployed on other chains do not need to be bridged back to Stride.
Assets including stATOM, stOSMO, and other stTokens, along with their underlying collateral, will be migrated to Osmosis's Transmuter pool, where redemptions will be processed at a fixed rate. Reward accrual will stop once the migration is completed.
Stride added that Stride Labs and the Stride Association have limited financial reserves and, at the current spending pace, expect to run out of funds by February 2027.
