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Stride reward share program to expand liquid staking
Jul 19, 2024
· 2 min read
Accelerate onboarding
Today we’re thrilled to announce that Stride is launching a reward share program! Major crypto frontends - wallets, block explorers, DeFi app frontends, etc - can apply to join the program. Once accepted, frontend operators will provide a user-interface on their frontends to enable new users to liquid stake with Stride. For referring new users, approved frontend operators will receive a portion of Stride’s liquid stake fee.
Stride has three inaugural frontend partners for today’s launch: StakingRewards.com, Keplr, and Leap. Each of these popular frontends will prominently display an in-app interface for Stride liquid staking.
This will open up many funnels for Stride to receive new users. It will accelerate onboarding.
Far and wide
Today’s launch of this new reward share program is another step in Stride’s continuing mission to become a ubiquitous Cosmos and Celestia liquid staking provider. Since Stride launched almost two years ago, a major focus has always been expanding Stride’s presence as widely as possible.
Today, Stride supports liquid staking for fifteen different chains. All Cosmos wallets support Stride’s liquid staked tokens (LSTs). Stride’s LSTs are integrated with dozens of DeFi protocols across tens of chains. Major custody providers support custody for the STRD token. An increasing number of centralized exchanges list STRD. And most importantly, over the years STRD has been airdropped to hundreds of thousands of unique crypto users.
Stride is always looking outward, never inward. Always looking to expand visibility, reach, and accessibility.
Reward Share program
With this new reward share program, several well-known crypto frontend operators will support Stride liquid staking with a user-interface built directly into their existing frontends. With respect to all tokens liquid staked through these frontends, the frontend operators will receive a share of the Stride liquid staking fee.
This program has been thoughtfully designed to prevent manipulation and promote stickiness of new deposits. For full details about the program, see this explanatory forum post on the Stride governance forum.
If you operate a major frontend in the Cosmos or Celestia ecosystems, you may apply to join the reward share program.
Final thoughts
This is the first liquid staking reward share program in the Cosmos and Celestia ecosystems! Once again, Stride is embracing innovation.
By opening up new onboarding funnels, Stride is increasing its potential reach.
At a point in time when the Cosmos and Celestia ecosystems are expanding at an unprecedented rate and new users are flowing to the ecosystems, it is mission-critical that these new users encounter Stride and learn about Stride’s secure, neutral, reliable liquid staking.