Liquid Staking Protocol Stride Proposes Orderly Chain Shutdown

The Cosmos-based liquid staking protocol Stride has proposed an orderly shutdown of its blockchain. The team stated that stTokens will remain redeemable on Stride until October 12, after which redemptions will be paused to allow for the unbonding of underlying assets. Redemptions are expected to resume on Osmosis around November 20, and the protocol confirmed that user-held stTokens will not expire.