Stride Expands Cosmos-based LSD Offerings with $stEVMOS Launched

Cosmos-based liquid staking protocol Stride announced the launch of its latest liquid staking derivative (LSD), $stEVMOS. Users are now able to stake $EVMOS on Stride to mint $stEVMOS, then use it to earn DeFi yields as well as staking rewards.

A stEVMOS/EVMOS pool has been launched on Osmosis, with $STRD incentives to be offered. More usecases for $stEVMOS could come later, such as using it as collateral in DeFi lending.

Stride is a multichain liquid staking appchain on Cosmos. It went live on the mainnet last September, launching its first liquid staking derivative $stATOM. Since then, five more chains have joined the Stride ecosystem, including the newcomer Evmos. Last week, Stride launched $stLUNA, which is its first LSD in 2023. Currently, the total value unlocked on Stride is over $10m.