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Stride Staked Juno refers to the token users get for staking JUNO through Stride. STJUNO can be redeemed on a 1:1 basis for JUNO, taking into account the unbonding period associated with JUNO. Stride is a multichain liquid staking zone (appchain) built on the Cosmos Blockchain. With Stride, users can stake any IBC-compatible assets and receive stTokens in return, with those stTokens redeemable for the original token at a 1:1 rate. Staking through Stride lets users earn staking rewards while keeping liquidity via stTokens, enabling them to use Cosmos DeFi and seek additional yield opportunities.
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