Stride plans to convert STRD to ATOM and use ATOM as the only governance token

律动BlockBeats · 2023-10-09T09:33:05.000Z

BlockBeats news, on October 9, Cosmos ecological liquidity staking protocol Stride released a proposal that is still in the conceptual stage. The proposal plans to convert all Stride tokens STRD into ATOM. ATOM will serve as the only governance token and can be obtained All rewards of the Stride protocol. Stride stated that this move is intended to further decentralize Stride and use Stride as the "satellite chain" of Cosmos Hub to further focus on the development of Cosmos Hub.

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律动BlockBeats

According to BlockBeats, on October 9, the Cosmos ecosystem liquidity pledge protocol Stride released a proposal that is still in the conceptual stage. The proposal intends to convert all Stride tokens STRD into ATOM. ATOM will be the only governance token and can obtain all rewards of the Stride protocol. Stride said that this move is aimed at further decentralizing Stride and further focusing on the development of the Cosmos Hub as the "satellite chain" of the Cosmos Hub.

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