Stride temporarily shelves plans to convert STRD to ATOM

This decision comes after a week of public discussion, nine days after the initial idea was announced at Cosmoverse, Istanbul

article-image

David Esser/Shutterstock modified by Blockworks

share

Cosmos’s liquid staking blockchain, Stride, will pause plans to convert its native token STRD to the Cosmos Hub’s ATOM token.

This decision comes just nine days after the co-founder of Stride Labs, Vishal Talasani, proposed at Cosmoverse in Istanbul that the liquid staking zone should merge with the Cosmos Hub, the core blockchain in the Cosmos ecosystem. 

“After a week of public discussion, the Cosmos Hub + Stride communities have paused the STRD → ATOM conversion,” the Stride team wrote on X. “Consider it shelved, but not completely abandoned.”

Stride is one of the largest liquid staking providers in the Cosmos ecosystem. It has a total value locked (TVL) of $33.84 million, with staked ATOM making up over 80% of this number, according to information available on DeFiLlama. 

In a forum post discussing the conversion, the team at Stride notes that it was always the project’s intention that discussions about the merge and the conversion of tokens happen in an open, transparent way. 

Read more: Stride wants to become the enshrined LST protocol for Cosmos Hub

“Regarding the feasibility of the conversion idea, judging by the reaction of both the Cosmos Hub and Stride communities there is currently too much division and not enough consensus,” the Stride team wrote. “Perhaps that will change at some point in the future, but currently, we feel it would be inappropriate to move forward to working on concrete details about the conversion.”

Though the conversion conversation has been momentarily tabled, the Stride team said it will continue to focus on providing its liquid staking services. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Featured.png

Research

Helium stands at a pivotal moment in its evolution as a decentralized wireless network, balancing rapid growth, economic restructuring, and global expansion. With accelerated growth in domestic DAUs and Hotspots supporting its network, Helium is leveraging strategic partnerships and innovative proposals to scale internationally. The recent implementation of HIP 138, “Return to HNT,” has unified its token economy under HNT, simplifying participation and strengthening liquidity, while HIP 139’s phase-out of CBRS refocuses efforts on scalable Wi-Fi offload. Meanwhile, governance shifts under HIP 141 raise questions about centralization as Nova Labs consolidates control over the roadmap.

article-image

Dragonfly’s Rob Hadick discussed how the firm is approaching investments in the current market

article-image

The asset surged over the past seven days to reach its highest-ever weekly close on the SOL/ETH pair

article-image

Industry watchers note that SOL ETFs have attracted a fraction of the demand for bitcoin and ether ETFs

article-image

Tariff swings impact stock market and company outlooks, with Apple and NVidia likely to be affected by China tariffs

article-image

The team says an attacker minted unclaimed tokens from ZKsync’s 2024 airdrop

article-image

The MIT research-based protocol is live in private testnet — laying the foundation for decentralized RAM