Stride

Stride

Enables users to earn a yield on staked assets.

HQ location
New York City, United States
Launch date
Employees
Enterprise value
$34m
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DateInvestorsAmountRound
-investor investor

€0.0

round
investor investor investor investor investor investor investor investor investor investor investor investor

€0.0

round
investor

€0.0

Valuation: €0.0

round
*

N/A

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2022
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

More about Stride
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Stride is a pioneering company in the blockchain sector, specifically focusing on providing liquidity for staked assets. Operating within the Cosmos IBC (Inter-Blockchain Communication) ecosystem, Stride allows users to earn yields from both staking and decentralized finance (DeFi) activities. This dual earning potential is a significant value proposition for investors looking to maximize their returns on staked assets.

Stride serves a diverse clientele, primarily targeting blockchain enthusiasts, investors, and developers within the Cosmos ecosystem. By enabling liquid staking, Stride allows users to stake their assets and still have the flexibility to use them in other DeFi activities like lending and liquidity providing (LPing). This means users can continue to earn staking rewards while also generating additional income from DeFi activities.

The company operates in the rapidly growing blockchain and DeFi market, which has seen substantial interest and investment over the past few years. Stride's business model revolves around facilitating liquid staking for various blockchain networks within the Cosmos ecosystem. Users can propose new chains to be onboarded through a governance vote, making the platform highly adaptable and community-driven.

Stride generates revenue by taking a small fee from the yields earned through its platform. This fee structure ensures that the company benefits as its users' assets grow, aligning its interests with those of its clients. Additionally, Stride's native token plays a crucial role in governance, allowing token holders to influence the protocol's future direction.

Security is a top priority for Stride, and the company has undergone rigorous audits by industry leaders like CertiK and Oak Security. These audits ensure that the platform is secure and reliable, providing peace of mind for its users.

In summary, Stride is a blockchain company that offers liquid staking solutions within the Cosmos ecosystem, enabling users to maximize their yields from both staking and DeFi activities. It serves blockchain investors and developers, operates in the DeFi market, and makes money through fees on earned yields.

Keywords: Blockchain, Liquid Staking, DeFi, Cosmos, Yield, Governance, Security, Audits, Token, Ecosystem.

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