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lofingv
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500,000 STRD have been burned over the last 3 months. That’s 0.5% of the max supply.
As a reminder, 80% of Stride’s protocol fees are used to buy back and burn STRD daily, with DEX fees set to be enabled after launch!
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A governance proposal was just posted to authorize @BakerDAO420 to acquire Stride's stBGT. This proposal will let Stride fully focus on Cosmos and Stride DEX. Incubated by @kodiakfi and @eatsleepyeet, BakerDAO will continue to grow stBGT and will profit-share with Stride 👇 With over 160,000 minted, stBGT remains one of the largest BGT LSTs. However, continued maintenance would divert resources from Stride’s new core focus: the DEX. Transferring stewardship to a capable Berachain-native team is a logical next step. This is where BakerDAO comes in. BakerDAO is incubated by @kodiakfi and @eatsleepyeet two well-known and highly competent teams in the Berachain ecosystem. Both teams have a deep understanding of Berachain and POL mechanics, and are well-suited to take over stBGT operations to ensure its ongoing success. In exchange, Stride will receive 20% of all BakerDAO profits, all of which will be used to buy back and burn STRD. This includes profits from stBGT, as well as all of BakerDAO's other products. Transferring stBGT to BakerDAO is a strategic move for Stride. It passes off operational burden to a highly competent team, allows Stride to double down on the DEX and Cosmos Hub, and turns a non-monetized product into a new revenue stream with strong upside potential. Read the full proposal: https://common.xyz/stride/discussion/1276368-proposal-transfer-ownership-of-stbgt-to-bakerdao
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Cosmos token staking APRs ATOM: 16.57% OSMO: 12.18% Leveraged staking APRs with Stride and @mars_protocol: ATOM: up to 52.56% OSMO: up to 34.62%
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Excited to announce total transparency for the Stride token. Token transparency is critical for tokenholders. They are often in the dark about token supply, insider influence, revenue claims, and so much more. But, there are no standards for what and how information should be disclosed. The space has struggled from this. Investors are rightfully skeptical about the projects they see. Until now. Blockworks has put forth a landmark framework, taking input from thought leaders, projects, and the SEC. This provides a clear path for protocols to be transparent with their community, and for tokenholders to better understand projects. Stride is proud to be one of the highest scoring protocols in Blockworks’ initial cohort. Stride has always been transparent, putting the community first.
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Hydro Round 7 just ended, with an average voter reward APR of 35% 🌊 Congratulations to @stride_zone, @dropdotmoney, @AmuletFinance, @phoenix_dir, and @shade_protocol on the winning ATOM bucket bids!
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A bull case for ATOM in 2025 -- The ICF is now a live player. s-tier @0xMagmar @BPIV400 + 40 more teammates working on PMF for the Cosmos Hub, 10+ years of runway. ATOM has also been grandfathered into a market structure where it'd float around in the top 100 forever, even if the ICF did nothing. Heads you win, tails you're flat.
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