Stride announces an airdrop of STRD tokens for stTIA holders.

Stride, the liquidity staking service provider for the Cosmos ecosystem (ATOM), has unveiled plans for a significant airdrop of its native token, STRD.

This airdrop, consisting of 5 million STRD, equivalent to 5% of the total supply and valued at $18.65 million USD, is set to reward early hodlers of stTIA, the liquidity staking token of Celestia.

Airdrop details and time.

The airdrop will span 150 days, with the project already commencing daily snapshots. During the initial 60 days, stTIA holders will enjoy a double bonus. After the allocation period, STRD can be withdrawn after 6 months.

To qualify for participation, stTIA must be held on the Stride blockchain. The event will extend to the Osmosis and Neutron blockchains on February 5th.

stTIA Blitz: “Extremely attractive” rewards

This initiative, named 'stTIA Blitz,' offers enticing rewards, including the distribution of 5 million STRD over 150 days. The objective is to encourage the rapid adoption of stTIA, a token associated with the promising Celestia blockchain.


Celestia has gained recognition for its quality contributions, pioneering efforts in the available data sector, and a dedicated community.

The Stride protocol aims to enhance Celestia by providing secure and neutral TIA liquidity staking services, where the airdrop plays a crucial role in promoting liquidity and awareness of stTIA.

Allocation structure and status of the Stride protocol.

Launched in September 2022, Stride has become the dominant liquidity staking service provider for the Cosmos network, capturing a 90-95% market share across various token types. Stride's Total Value Locked (TVL) currently stands at $85 million, reflecting its significant presence in the market.

The Stride protocol redirects 8.5% of the staking rewards from all liquidity staking tokens to STRD stakers, further enhancing the attractiveness for users participating in stTIA liquidity staking.

Conditions for participating in Airdrop.

To qualify for participation in the airdrop, users are required to hold stTIA, obtainable through the Stride protocol app or by swapping on decentralized exchanges (DEX).

Initially, only stTIA on the Stride blockchain is eligible for participation; however, the event will extend to the Osmosis and Neutron blockchains on February 5th.

Expansions and additions will take place throughout the airdrop process, with public announcements accompanying each expansion phase.

Distribution schedule and process.

The airdrop will last for 150 days, divided into two phases. The allocation will be carried out in the initial 60 days, encouraging swift adoption. Daily snapshots will identify eligible stTIA holders, with STRD distributed based on the ratio of stTIA held by users.

Participants can begin claiming the STRD airdrop 180 days after the allocation, and they will have an additional 180 days to claim their tokens. Any unclaimed STRD after this period will be returned to the community pool.

stTIA is the currency module in the Celestia ecosystem.

The emergence of stTIA marks a significant development for Cosmos, addressing challenges related to promoting the use of Proof-of-Stake (PoS) tokens on-chain. stTIA is envisioned as a currency module, creating favorable conditions for usability and flexibility across various chains, DEXs, DeFi leverage applications, NFT transactions, and DAO treasuries.