Stride plans to wind down chain operations after October 12 redemptions

  • Stride proposed shutting down its chain and migrating operations to Osmosis.
  • Approximately $6 million in TVL remains on the protocol.
  • Redemptions pause after October 12 and are expected to resume around November 20.

Stride, a Cosmos liquid-staking protocol with approximately $6 million in total value locked, has proposed an orderly shutdown of its chain as operating funds near depletion. Users can redeem stTokens normally through October 12, after which redemptions will be temporarily paused. Redemption functionality is expected to resume on Osmosis around November 20, with existing stTokens remaining valid and not expiring during the transition. stATOM, stOSMO and other stTokens, together with their underlying assets, are planned to move to Osmosis Transmuter pools for redemption at fixed ratios. Users do not need to act before the migration, and tokens deployed on other chains do not need to be bridged back to Stride. Rewards will stop accumulating after the migration. Stride previously said reserves at Stride Labs and Stride Association were projected to run out in February 2027 at the current spending rate.

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