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

Decoding crypto and the markets. Daily, with Byron Gilliam.

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.

recent research

Unlocked by Template (10).png

Research

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

article-image

Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub

article-image

Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY

article-image

The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others

article-image

Momentum’s back — BTC leads, risk assets follow

article-image

Ondo Finance’s acquisition of blockchain development company Strangelove follows its buy of Oasis Pro

article-image

Cryptocurrency and stock traders alike had a lot to unpack Wednesday