Surprise STRD Airdrop for The Celestia TIA Community (Stride Liquid Staking)

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0:00 – Intro
0:17 – Liquid Staking x DeFi
0:50 – Persistence pStake
1:22 – TVL in DeFi Categories
2:06 – Celestia and TIA Token
3:16 – Stride’s Liquid Staking for TIA
4:25 – TIA as Modular Money
5:09 – STRD Airdrop Mechanics
6:03 – Airdrops for stTia Holders
7:05 – pStake and Celestia Integration
8:46 – Centralization Risks in Protocols
11:12 – Outro

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Breaking news and exclusive Cosmos airdrop Alpha that you don’t find anywhere else you really only find this here on crypto so make sure to subscribe like this video share it with your friends with your neighbor with your grandmother chat with everyone that you think needs to hear about this in

Yesterday’s video I explained to you the concept of lstf liquid staking xdy the cross over the merge between those two categories and I think that’s going to be a huge huge narrative moving for as we have those multi multi-billion dollar tokens launching left and right liquid

Sing is going to be a huge huge narrative and just naturally has very strong product Market fit so if you haven’t watched this video yet please go ahead and watch right after watching this video it’s just 11 minutes and you’ll learn everything about liquid staking and our content partner

Persistence P stake and how their solution works and as I also explained in the video from yesterday liquid staking as a category or as a narrative ative is by far the largest one when it comes to tvl which is the metrics for total value locked for liquid saking is

Actually total value unlocked because it liquifies staked or locked assets but that’s just on the side so liquid staking is already today the largest category by tvl lending only 22 billion and dexes even though there are 10 times more dexes but they all share only4 billion dollars in tvl uh amongst each

Other obviously for dexas I think the more interesting metrix is actually volume and not necessarily tvl but I think it just gives you an indication of how big and how important liquid staking as a category is right and now what actually is happening is that you’re merging liquid staking with lending with

Decentralized exchanges with a lot of these subcategories and it all kind of comes together because it’s one thing to liquify assets and it’s a whole different thing to use this derivative in defi right and I think that’s what we’re also going to be talking about today is around Celestia and the Tia

Token which is a 20 billion token that just launched a few months ago but that means a lot of value that is currently locked because Tia also has a 3-week bonding period or unbonding period which means if you want to unstake your stake Tia and we can look into some metrics in

A second you have to wait you have to wait three weeks now the first mover for TI liquid staking was not stride was also not P steak or Quicksilver which are kind of the predominant players in the cosmos ecosystem specifically stride when it comes to tvl but Milky Way which

Is a new liquid staking provider that is tailored for Celestia and was just the first mover and they already have 42.6 n million or 2.5 million Tia in their protocol if you compare this number with stride which is the market leader for liquid sticking in Cosmos stride is at

87. 4 million but they have also been around for much longer and they have a lot more tokens as you can see atom osmo stargaze Juno apos a lot more but not even their atom liquid staking solution has as high of a tvl as Tia on Milky Way

That’s why who have breaking news today which is that stride is launching liquid sticking for Tia and with it they’re also going to do a massive 5 million stride tokens five million stride tokens at a current price are around 167 million that will be addir dropped to

Users holding St over the next 150 days and this is starting right now here today so the high level summary is that 5 million stri tokens will be allocated which is 5% of the total Max supply of stride stride has 100 million token total Supply will be add dropped to sttr

Holders which is launching right now snapshots will be taken daily and they will continue to to happen for the next 150 days and there’s also a 2X bonus for users holding St in the first 60 days so they want to bootstrap liquidity fast they want to bootstrap uh tvl as fast as

Possible to eventually catch up or even overtake um overtake Milky Way and the stride air drop will then be claimable six months after the date it was earned which I guess if you if you liquid stake St Tia tomorrow then 6 months from tomorrow you will get your Str strd

Which means you you would get a continuous air drop at least that’s how I understand it and it also helps shape the STS modular money kind of thesis like I said in the beginning Tia is a very very huge multi-billion dollar token that is now also implemented in

All these rollups and it is also a hot adrop token itself so St could be um unlocking a lot of a lot of value for that and fluidity for the Tia token itself because Tia also still has very decent APR right 14% at a current rate and what is very important though is

That if you are liquifying your tia through stride you must hold them on the stride blockchain and not send them back to the Celestia blockchain or to any other blockchain and if you buy sttr on osmosis send them back to the stride blockchain because otherwise you might

Not be considered for the air drop but they also saying on Monday so today is Thursday at least I think it’s Thursday um On th on Monday you will be able to also uh consider it if you hold St on other chains so this is the high level

Game plan and to summarize five million stride tokens will be distributed as basically a continuous airdrop or basically it’s like strd farming that you’re essentially doing um if you are liquifying your tia your Celestia tokens if you have your tia staked already right now native Leon chain which I

Think you know makes a lot of sense um you would have to unstake them which I don’t actually think is is a smart move because also I think TI itself will be considered for a lot of air drops but I also know that the stride team is

Working really hard to make sure that St TI holders will be considered for all these air drops also had a call with them recently like that’s one of the top priorities they’re in talks with all of the rollups that are launching on on Celestia to make sure that St will also

Be considered for air drops that are happening in the ti ecosystem and not just native staked tier on a daily basis then these snapshots will happen just imagine there’s a bucket a daily bucket of SRD tokens they take snapshots of those um St St positions and then on a

Pro ratar basis how you know how much stt you hold from the total pay of s you would then get a share of these strd rewards and in the first 60 days there will be a 2X bonus so you’ll get a lot more if you do that in the early early

Days right so I think even like over the weekend now that’s going to be probably where you where you can make the most rewards on your St so the big question now is p stake going to be next is persistence the next chain that will enable liquid staking for Tia and the

Answer for that is in yesterday’s spaces and yesterday Twitter spaces with the persistence one team also we had Andy in the house and rebel Defi and a couple more people where we talked about this right and instead of watching something else instead of watching I don’t know Donald Trump campaigning or Andrew Tade

Or uh Jordan Peterson or something like that which kind of gets gets repetitive listen to something like this this is highly highly educational stuff liquid staking in CMOS and we talk about this we talk about this one of the concerns here is and that’s actually something

That both Milky Way and stride have in common now is that Celestia currently the blockchain Celestia blockchain does not Implement interchain accounts and interchain accounts are important for for liquid sticking protocols such as stride but also Pak to be compatible with their protocol in a decentralized way without requiring a multi right so

When Milky Way launched they just bypassed all that and they kind of launch very very fast and have this crazy tvl now because it is eventually dependent on a multis right and it’s governed by a multi and a multi basically means that a few people can control this protocol right which is

Super centralized and extremely risky but of course they can move much faster and um it’s it seems like this is just a quick you know strategy in the beginning to get a lot of tvl and then in the future obviously they aim to decentralize but I think it’s just

Important for you as a listener and maybe not as deeply connected and in touch with all of these teams to be aware of this right so stride is on a similar path here um but you know they also been in talks with the team and apparently that’s the information I got

The Celestia team is also planning to actually Implement um Implement interchain accounts in the coming months so that would also then enable Pake to join the team and to also Implement um liquid staking for that and also Quicksilver I think Quicksilver is also on a on a big recovery um track right

Now and they’re also coming back now with also the notional team being more involved at Quicksilver um and so on and so forth and what’s interesting here is that the bonded ratio for Tia is actually at 48.92 per. and I actually don’t think that this is going to go

Down because of that campaign but I think a lot of people might unstake however be informed that if you choose to unstake here you actually have to wait um I think it’s 21 days you can actually check that here also in the back if you go on parameters you can

Scroll down here and yes it’s 21 days is the unbounding time this is all here you can verify that for yourself um for each chain because it’s always different atom also has 21 days but um Juno and dydx for example have 28 days osmo only has 14 days but Tia has 21

Which means if you’re unstaking now because you want to form more into this campaign for 21 days you are not earning staking rewards if there’s a snapshot in that period during those 21 days you’re not considered for that snapshot and um yeah you’re just missing out rewards and

In those 21 days you’re also not acre the Str strd tokens right which means like 15% or something of that campaign is already over right and I think especially the early days are the high reward days right for for the SRD token um air drop so just something for you to

Like be aware do with that information obviously whatever you want if you want to unstick feel free to unstick if you buy new Tia and want to AP in immediately and liquefy or you buy sta directly once there are liquidity pools I I I would assume on osmosis but maybe

Also other exchanges then just be aware that you know to be on the safe side move them onto the stride chain itself and don’t hold them on osmosis or anywhere else so that’s it for today make sure to subscribe also to the Sito Zone Alpha newsletter to the CTO report

We are actually in the midst of launching a website at sitto dozone so we will have a proper website where all of this is going to be Illustrated we’ll have a lot of things plugged into this maybe even some sort of adrop Checker or something like that a lot more content a

Lot more links and and things for you to navigate through I’ll leave you with that I hope you learned something now go over to watch yesterday’s video about liquid saking Finance liquid sticking xdy and how persistence is resolving that with P sake I hope you enjoy this

Video I’ll see you guys tomorrow stay safe and be good