Leo Learn: Stride Air Drop, Cosmos Chain

Leo Learn: Stride Air Drop, Cosmos Chain

Welcome back to our segment of Leo Learn where we focus on up and coming projects, meet teams and host interviews across the growing crypto sector. For today's segment we will be focusing on one of the latest airdrops being held on Cosmos Ecosystem Stride which is currently live.

But before we talk about the Airdrop let's first explore what Stride is and what it brings to the Cosmos eco-system.

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What is Stride?

Stride is a decentralised exchange that in the nature of Cosmos lives on it's own independent side chain known as a "Zone". These Zones connect to the main chain through the Interconnect Blockchain protocol known as IBC Protocol. The idea of Cosmos is to build an ever expanding blockchain that is interconnected and solves the problems of on-chain congestion.

In short, instead of having a single chain with multiple projects and their own tokens that clog up the network Cosmos enables each token to be it's own chain. While this enables faster transactions and reduced congestion it does present the problem that each token is on a different chain and limits the ability of traditional decentralised financial systems.

Cross Chain Solution

Stride solves this by implementing a sovereign zone by staking your tokens in Stride pools you receive staked tokens which can be traded or simply held and in the backend Stride allocates your tokens to the relevant chain pools sending the yield from other chains directly to your Stride account wallet.

This no fuss model enables Stride users to participate in multiple chains in the one location without having to constantly move around the Cosmos ecosystem delivering ease of access.

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Stride Airdrop

Currently Stride has launched their airdrop initiative that is airdropping STRD tokens to people who stake ATOM, OSMO, STARS and Juno tokens and who complete a few basic steps that will teach you how to utilise their platform. Check your eligibility and claim your STRD tokens from the official Airdrop link.

You can learn more about the project by reading the relevant explainer documents and meet the team in their official Discord and follow their official Twitter to stay up to date on the latest news.

Image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services

Posted Using LeoFinance ^Beta