Cosmos Staking Protocol Stride Proposes Chain Shutdown and Migration to Osmosis

Cosmos-based liquid staking protocol Stride has proposed an orderly shutdown of its chain due to depleting operational funds, with its current TVL standing at approximately $6 million. Users are advised to redeem stTokens by October 12, after which redemptions will be paused until the migration to Osmosis, expected around November 20. Stride noted that at the current burn rate, funds would be exhausted by February 2027. Following the migration, stTokens such as stATOM and stOSMO will be moved to Osmosis conversion pools, where redemptions will function as swaps and staking rewards will cease.