TechFlow news, according to CoinDesk, Cosmos liquid staking protocol Stride plans to transition from its existing Stride (STRD) token model to the ATOM-backed Cosmos Interchain Security (ICS) system. The transition is expected to occur between 1:00 and 5:30 AM Beijing time on July 20 at block height 4616678.
Ian Unsworth, a contributor at Stride, said: "While Stride has locked over $35 million in total value, it currently only has $19 million in economic security by bonding network tokens. After the ICS transition, block production/security will be transferred to the ATOM validator set, increasing the network's economic security by approximately 11,935.2%."
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