Stride Staked UMEE price

StUMEE

stUMEE is the token received in exchange for staking UMEE with Stride. UMEE is the native token of the Umee project. Umee is the prominent lending protocol in the Cosmos Ecosystem. By staking UMEE with Stride, users can earn stUMEE, which are redeemable for UMEE at a 1:1 ratio, subject to the unbonding period on UMEE. Stride currently supports staking UMEE on its mainnet, which launched in late July 2022. With stUMEE, users can retain liquidity in their staked tokens while also earning staking rewards. stUMEE can be staked now on Stride at app.stride.zone.

Stride is a multichain liquid staking zone (appchain) in the Cosmos Ecosystem. Stride allows users to stake any IBC-compatible tokens, and receive stTokens in return, which are redeemable for the original token at a 1:1 ratio. By staking their tokens using Stride, users will be able to earn staking rewards, while also retaining liquidity in the form of stTokens, which will allow them to take advantage of Cosmos DeFi and pursue more yields there.