Stride Chain to Cease Operations, stToken Redemption to Migrate to Osmosis

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ATOM
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OSMO
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On-chain news reveals that Stride, a Cosmos-based liquid staking protocol, will shut down the Stride chain. Users can redeem their stTokens via Stride before October 12, after which the redemption feature will be suspended. A redemption pool is expected to launch on Osmosis around November 20. Stride confirmed that stTokens will not expire, and users are not required to take action before migration. stATOM, stOSMO, and other stTokens will be transferred to Osmosis’s Transmuter pool for fixed-ratio redemption. Reward accumulation will cease after migration. Stride Labs and the Stride Association stated that, at the current rate of spending, their reserve funds will be exhausted by February 2027. This protocol update represents a key transition for the project.

Odaily Planet Daily reports: Cosmos ecosystem liquid staking protocol Stride has announced plans to orderly shut down the Stride chain. Users can redeem their stTokens via Stride until October 12, after which the redemption function will be paused. A redemption pool is expected to launch on Osmosis around November 20, following the unlocking of the underlying staked assets.

stTokens do not expire, and users do not need to take any action prior to migration; stTokens already deployed on other chains do not need to be bridged back to Stride. stATOM, stOSMO, and other stTokens along with their underlying assets will be migrated to Osmosis’s Transmuter pool for redemption at a fixed rate. Reward accumulation will cease after the migration is complete. Stride states that Stride Labs and Stride Association have limited financial reserves and are projected to exhaust their funds by February 2027 at the current rate of expenditure.

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