How to stake STRD (Stride Network)
Everything you need to know to stake your STRD with Chorus One.
Overview
CATEGORY
DETAILS
Chorus One Validator
Recommended Wallets
Block Explorer
Staking Rewards
Unstaking Period
21 Days
About Stride
Stride (STRD) is a liquid staking platform designed to enhance the utility of staked assets particularly within the Cosmos network. By allowing users to stake tokens while retaining their liquidity, Stride facilitates the creation of “staked derivatives,” such as stTokens, which can be used in decentralized finance (DeFi) applications.
Stride operates as an independent Cosmos blockchain with interchain staking and IBC (Inter-Blockchain Communication) integration, enabling secure and seamless interaction across multiple networks.
The STRD token is central to the platform’s governance and fee distribution, ensuring that users and validators are incentivized to participate in its ecosystem.
The platform’s primary value proposition lies in its ability to optimize capital efficiency without compromising network security. Users can stake native tokens like ATOM or OSMO, receive liquid stTokens in return, and continue to earn staking rewards while utilizing their stTokens in various DeFi protocols. Validators benefit from increased delegation, while the network overall enjoys enhanced security and activity.
How to Stake STRD
1. Install the Keplr Wallet Extension
Click on Install Keplr for Chrome if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.
2. Create/Import an Account
Click on the extension in the Chrome/Brave toolbar and the following page will open up.
Select to either create a new wallet, import an existing wallet, or connect with a hardware wallet.
If you choose to create a new wallet you will be shown 12 words as your mnemonic seed.
Optional: You can select the 24 words option for a more secure mnemonic.
Please be sure to back up your mnemonic seed securely.
It is recommended to store it physically; never in a digital format or as a screenshot.
Never share this seed phrase with anyone, as they will have access to your funds.
A lost mnemonic seed phrase cannot be recovered.
Anyone with your mnemonic seed phrase can take control of your assets.
Next, enter an account name and a passphrase to lock and unlock your wallet. You will be asked for the mnemonic again.
Enter the 12 or 24 words in order and case sensitive (all lower case).
This is to make sure you remember the mnemonic and confirm that you wrote it down correctly.
After verifying your 12 or 24 word phrase, you will be prompted to select any other Cosmos Hub networks you'd like to add to your wallet.
In this case, we will be adding Stride (STRD), so please be sure to select that from the list or use the search bar to find it.
Once you selected the relevant networks you want to use, click 'Save' and you'll be all set to go.
3. Log in to your Keplr wallet
4. Stake your STRD
If you don't already have some STRD in your wallet, you can fund it with some tokens. You may use an exchange to transfer the tokens to your address or get them from a trusted third party that already holds some.
Next, you will be prompted to stake.
If you click on STRD directly from your wallet extension, you will see the option to stake. Click on that to be taken to the STRD page of your dashboard.
Once there, you will see three steps highlighted in the pink box in the screenshot below.
Select Chain
Select Validator
Stake
Scroll or through the list or search for the chain you want, in this case STRD.
Then, repeat the same steps to find the Chorus One validator.
Once you've chosen the Chorus One validator, select how many STRD tokens you wish to stake, then click the 'Stake' button at the bottom of the screen.
Clicking on Stake will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.
Note: If you are using a Ledger hardware wallet, you will need to have the wallet connected, unlocked, and approve the transaction there.
5. Claiming Rewards
After some time you will see rewards accumulating in your wallet.
You will see all rewards available from all networks you are staking with.
You can choose to claim all pending rewards or select which networks you specifically want to claim rewards for.
6. Unstaking your STRD
If you wish to unstake your STRD tokens, you can do so from the same interface in Keplr that you used to stake.
Simply click on the validator you wish to unstake from and you will be prompted with the following screen.
Please note that STRD undergoes a 21 day unbonding period when unstaking.
To proceed, click on 'Unstake' and follow the prompts to select the amount of STRD you wish to unstake. Then confirm and sign the transaction in your wallet.
You can view and manage all ongoing unstaking transactions (undelegations) from your Keplr dashboard and cancel them if you change your mind.
After the unbonding period is complete you will be able to transact with your unstaked STRD tokens again!
A Note to Institutional Investors:
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