Stride to Wind Down Chain Operations, Move stToken Redemptions to Osmosis
Stride, a liquid staking protocol in the Cosmos ecosystem, said it plans to carry out an orderly shutdown of the Stride chain and shift redemptions for its liquid staking tokens to Osmosis. Users can continue redeeming stToken through Stride until Oct. 12. After that date, redemptions will pause while the underlying staked assets complete their unbonding process. Stride expects to launch a redemption pool on Osmosis around Nov. 20. The protocol said stToken will not expire and users do not need to take any action before the migration. Tokens already deployed on other chains will not need to be bridged back to Stride in order to join the later redemption process. Under the plan, all stTokens including stATOM and stOSMO, along with their corresponding underlying assets, will be moved into Osmosis Transmuter pools and redeemed at fixed ratios. Stride said its remaining staked assets will be unstaked and transferred into the relevant pools. Once the migration is complete, reward accrual will stop and the fixed redemption ratios will be set. The team added that Stride Labs and the Stride Association have limited treasury reserves and, at the current burn rate, expect funds to run out in February 2027. Stride chain TVL currently stands at about $6 million.
