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Stride Proposes Orderly Shutdown of Its Cosmos Blockchain
stToken redemptions are expected to remain available on Stride until Oct. 12, pause during asset unbonding and resume on Osmosis around Nov. 20.
Stride is proposing an orderly shutdown of its blockchain, with stToken redemptions set to pause after Oct. 12 while the underlying assets are unbonded.
Redemptions are expected to remain available on Stride until Oct. 12 under the proposal. They are expected to resume on Osmosis around Nov. 20.
Stride said users’ stTokens will not expire during the transition. The protocol operates in the Cosmos ecosystem and provides liquid-staking tokens linked to staked assets.
