Stride Joins ATOM Economic Zone for Enhanced Cosmos Ecosystem
The Cosmos Hub network has welcomed Stride as part of the ATOM Economic Zone in an exciting move that represents a significant step towards creating a more integrated blockchain environment. The choice was decided using Cosmos’ decentralized governance mechanism, which was created to make sure that the community as a whole made the choice. This action has received a lot of positive feedback and support since it is an important step toward building a more connected and secure blockchain environment.
1/ Cosmonauts, Stride is coming 🌊
Prop #794 is approved ✅
The community confirmed support for Stride to adopt #ICS
A proposal to onboard Stride is coming!
In the meantime, here is what @stride_zone is bringing to the Atom Economic Zone 🧵 pic.twitter.com/Tt2evSNj3c
— Cosmos Hub ⚛️ (@cosmoshub) May 12, 2023
Cosmos Revolutionizes Blockchain with Interconnected Hub
A network of blockchains called Cosmos is getting a lot of attention in today’s tech news because it is revolutionizing blockchain technology. With the use of the Cosmos SDK and a brand-new consensus mechanism called Tendermint, Cosmos has developed what they refer to as a “hub” blockchain. This hub enables seamless collaboration and communication across several blockchains, which is significant since it enables quicker and more effective transactions. In brief, Cosmos is facilitating the interconnection of many blockchains, which might have a significant influence on how we utilize blockchain technology in the future.
Stride performs as a self-governing blockchain “zone” that makes staked tokens more liquid. Users benefit from collecting both staking and DeFi profits over the full Cosmos IBC ecosystem by using it. Users may stake their digital currency with liquidity on any Cosmos blockchain using Stride, and they instantaneously get the staked tokens. These staked token owners continuously earn dividends in real-time.
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As part of its integration, Stride, which is well-known for offering liquidity for staked tokens, will give 15% of its liquid staking rewards, 15% of its STRD inflationary staking rewards, 15% of its MEV income, and 15% of its transaction fees to Cosmos Hub. Tokens from several chains supported by Stride on their platform, including ATOM, STARS, OSMO, EVMOS, JUNO LUNA, and INJ, will make up the “liquid staking rewards.”
Stride Embraces Interchain Security and Joins ATOM Economic Zone
Stride’s acceptance of the Interchain Security paradigm and incorporation into the ATOM Economic Zone both represent significant advancements. Moreover, this reinforces Cosmos Hub’s dedication to building an open, cutting-edge, secure blockchain ecosystem and advancing its aim of providing Interchain services.
