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Liquidity staking protocol Stride completed US$4 million in strategic financing, led by DBA

Cosmos ecological liquidity staking protocol Stride announced the completion of a $4 million strategic financing round led by DBA, with participation from 1confirmation, Road Capital, Modular Capital, Imperator, Chorus One, and others. The purpose of this financing round is to promote the development of Stride in the Celestia ecosystem.

As previously reported by BlockBeats, Stride will distribute 5 million STRD airdrops to users holding stTIA within the next 150 days, accounting for 5% of the maximum token supply of Stride. In addition, Stride will work with the Celestia core team and DBA to: earn stTIA modular funds by delivering stTIA to users on the rollup; improve the accountability, trust, and neutrality of stTIA; and make stTIA eligible for all Celestia ecosystem project airdrops.

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