The liquidity pledge protocol Stride has completed a $4 million strategic financing, led by DBA

2024-02-03 10:11:59

Collection

ChainCatcher news, the Cosmos ecosystem liquid staking protocol Stride announced the completion of a $4 million strategic financing round, led by DBA, with participation from 1confirmation, Road Capital, Modular Capital, Imperator, Chorus One, and others. This round of financing aims to promote Stride's development within the Celestia ecosystem.

Stride stated that it will distribute 5 million STRD airdrops to users holding stTIA within the next 150 days, accounting for 5% of Stride's maximum token supply. Additionally, Stride will collaborate with the Celestia core team and DBA to: earn modular funding for stTIA by delivering stTIA to users on the rollup; enhance the accountability, trust, and neutrality of stTIA; and make stTIA eligible for airdrops from all Celestia ecosystem projects.

(Source Link)

Related tags

Stride Cosmos

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.