Stride Blockchain to Adopt ICS from Cosmos Hub

Stride imposes a 10% tax on all staking rewards earned by its liquid staking derivatives, wherein 90% of the staking rewards are compounded into the redemption value of stATOM while the remaining 10% goes directly to Stride. Interestingly, this 10% share is distributed to STRD stakers, which means that these stakers receive real yield paid in different tokens such as ATOM, OSMO, EVMOS, JUNO, INJ, STARS, LUNA, and other tokens in the future. Meanwhile, 15% of these liquid staking rewards will be allocated to ATOM stakers once Stride is onboarded as a consumer chain. This proposal provides immense value to ATOM stakers, especially as Stride grows, increasing TVL and rewards.

Furthermore, Stride plans to onboard all possible Cosmos chains to its liquid staking protocol, which will further increase TVL and rewards. Additionally, initiatives such as liquid staking about 225k ATOM and pairing it with ATOM in a liquidity pool on Neutron's Astroport outpost will increase adoption for stAssets, leading to an increase in the reward share to ATOM stakers. The potential value of this proposal may exceed anything that the Hub will likely get from Neutron's tx fees and MEV, even if they have a 25% share.

Ultimately, this single integration has the potential to cause a paradigm shift in the value accrual proposal for the Hub and the ATOM token. The value of what the ATOM Economic Zone can become with players like Neutron, Stride, and the Hub working together is immense, and this proposal offers significant benefits for both STRD and ATOM stakers.