1/ Big change at Stride: we’re cleanly separating two bets. STRD is the Cosmos LST token with buyback-and-burn. STRD‑R is a burn‑minted receipt for a future token if we find PMF outside Cosmos. Burn window Oct 15-Dec 4. Founders are burning 90% of their STRD.

https://t.co/sZ3fJKfFhA

Prop 270, The Big Burn, has passed! Frontend goes live Monday, burns valid through December 4.

Burn Estimator: https://t.co/WUbHFg5FkH Proposal:

THE BIG BURN 🔥 proposal is now live! Wondering how much STRD and STRD-R you'll have, post-burn? Plan your burn with the Burn Estimator tool 👇

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Big news for Cosmos stakers! stATOM is now live as day-one collateral on @MustangFinance's stablecoin protocol on @Sagaxyz__. Liquid stake your ATOM, earn yield, and borrow yield-bearing stables.

Stride contributors have proposed splitting STRD into two tracks: STRD and STRD-R. @aidan0x will join the space to discuss live.

Come join us tomorrow at 11am ET to discuss The Big Burn! 🔥 https://t.co/I598bUxyeg

Important addition: you can burn STRD for STRD-R, up to the amount you held as of 3pm UTC today (Oct. 10, 2025). Covered in the forum post, this is to reward long-term holders and prevent mercenaries from buying STRD-R at a low valuation.

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10/ Read the full post + FAQ. Decide your split between STRD and STRD‑R. Burn portal opens Oct 15 and closes Dec 4. Link TBA. Forum post:

9/ Why not keep one token: narrative clarity. The new product deserves a clean slate rather than bolting it onto a Cosmos LST token. STRD price would get confusing with two different growth stories. Clean separation lets each token find its natural value.

8/ Lockups if a new token launches: Team re‑vest linear over 3y. VCs linear over 3y. Association no lock (ops/incentives). Everyone else: 20% day 1, 80% linear over year 1.

7/ Mechanics: We’ll release a frontend to burn STRD. Choose 0-100% of your STRD. If you burn 1% of supply, you get 1% of STRD‑R at genesis. A new token would only be considered if the new product has PMF.

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6/ Stride is valuable Cosmos infra: LSTs produce ~$400k ann. revenue, with integrations across Cosmos. Liquidity remains strong. Stride will be upheld at the high bar you’re used to - across technicals, liquidity, integrations, and brand (we’ll get back to tweeting more.)

5/ Alignment: Founders burning 90% of their STRD. Association burning 100%. Investors encouraged to burn 90%. The same rules apply to everyone.

4/ What we’re adding: STRD‑R. You mint STRD‑R by burning STRD during an 8 week window (Oct 15-Dec 4). It’s non-transferable. If we launch a new token after real PMF, STRD‑R holders claim pro‑rata at TGE.

3/ What changes: STRD continues exactly as today. All liquid staking revenue keeps buying back and burning STRD. New building happens outside Cosmos. Stride LSTs will be maintained actively by the team.

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2/ Why: Stride is entrenched in Cosmos. Stride LSTs are simple, lindy, and trust-based. Growth from here is indexed to Cosmos. The Stride team wants to build something entirely new. Two clean bets avoids narrative mess.

Cosmos decided not to proceed with its EVM, so we negotiated a settlement. We cleared our obligations and extended our runway. Liquid staking on Stride continues operating just like before. Liquid staking revenue continues to buy and burn STRD. We’re taking the month of August

Stride contributors have been working tirelessly on a new path forward. Huge thanks to the many teams, investors, and community members who’ve reached out with support and opportunities. We’re considering everything deliberately and thoughtfully. Expect an update by end of next