Stride to Sunset Chain Operations, Migrating stTokens to Osmosis

Stride announced on September 29 that it will orderly shut down its chain due to funding constraints, with resources projected to be depleted by February 2027. The current TVL is approximately $6 million. Redemption on Stride will be available until October 12, after which new redemptions will be paused. By November 20, an Osmosis Transmuter pool will launch, allowing users to migrate stTokens (including stATOM and stOSMO) at a fixed rate. Rewards will cease upon migration, but redemption rights will remain indefinite.