Stride will launch a new LST asset, stDYM. Holding stDYM entitles users to staking rewards and potential airdrops.

TechFlow reports that Stride, a liquid staking protocol in the Cosmos ecosystem, has announced the launch of a new LST asset called stDYM in March. Holding stDYM will entitle users to staking rewards and potential airdrops. Similar to all Stride LSTs, stDYM will be launched via an airdrop, akin to the ongoing stTIA airdrop.

If you are currently staking DYM, you must first unstake before using Stride for liquid staking. The DYM unstaking period is 21 days, and stDYM is expected to go live at some point in March.