The stOSMO token functions as a representative of OSMO, the native token of the Osmosis Zone, a liquidity-centric hub and the most substantial chain by Total Value Locked (TVL) within the Cosmos ecosystem. Stride introduces stOSMO as its liquid staking token (LST) representative for OSMO, offering users an avenue to convert staked OSMO into stOSMO. By staking OSMO with Stride, users can earn stOSMO, which are redeemable for OSMO at a 1:1 ratio, subject to the unbonding period on OSMO. With stOSMO, users can retain liquidity in their staked tokens while also earning staking rewards. This conversion retains value and serves as a versatile asset in DeFi engagements, with an 18.19% staking reward.
Stride is a multichain liquid staking zone (appchain) on the Cosmos Blockchain. Stride allows users to stake any IBC-compatible tokens, and receive stTokens in return, which are redeemable for the original token at a 1:1 ratio. By staking their tokens using Stride, users will be able to earn staking rewards, while also retaining liquidity in the form of stTokens, which will allow them to take advantage of Cosmos DeFi and pursue more yields there.
Where is Stride Staked Osmo available for purchase?
You can exchange STOSMO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Stride Staked Osmo is Shade Protocol, notably the STOSMO/STOSMO pair, which saw a trading volume of $ 3,629.1 in the past day. Additionally, Osmosis is popular alternative for trading tokens.
What is the highest value Stride Staked Osmo (STOSMO) has ever reached?
Stride Staked Osmo (STOSMO) reached its peak price at 3.31 $ on 05 September 2023, approximately 2 years ago ago. Presently, the current price is -92.59% lower than this all-time high.
What is the historical minimum price for Stride Staked Osmo (STOSMO)?
The minimum price reached for Stride Staked Osmo (STOSMO) was 0.066025 $, documented on 18 September 2024, more than a year ago. In comparison, the current price is 40,66 MLN.%, it above this historical low.
What is the fully diluted valuation of Stride Staked Osmo (STOSMO)?
The fully diluted valuation (FDV) of Stride Staked Osmo (STOSMO) stands at $ 3,04 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of STOSMO tokens. The realization of this FDV might take several years depending on the emission schedule of STOSMO tokens.