TechFlow News — Cosmos ecosystem liquid staking protocol Stride has announced on X the completion of a $4 million strategic funding round led by DBA, with participation from 1confirmation, Road Capital, Modular Capital, Imperator, Chorus One, and others. The funding aims to advance Stride’s development within the Celestia ecosystem.
Stride stated it will distribute 5 million STRD tokens in airdrops—representing 5% of Stride’s maximum token supply—to users who hold stTIA over the next 150 days.
In addition, Stride will collaborate with the Celestia core team and DBA to:
1. Generate modular yield for stTIA by delivering stTIA directly into users’ hands via rollups;
2. Enhance accountability, trust, and neutrality of stTIA;
3. Make stTIA eligible to receive all future airdrops from projects in the Celestia ecosystem.
Notably, Stride holds over 90% market share and $100 million in TVL across chains such as Cosmos Hub, dYdX, and Osmosis. Within one year, Stride has launched more than 10 liquid staking tokens (LSTs).
