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Stride Staked SOMM news
About Stride Staked SOMM
stSOMM is the token received in exchange for staking SOMM with Stride. SOMM is the native token of the Sommelier project. Sommelier is the prominent DeFi strategy protocol in the Cosmos Ecosystem. By staking SOMM with Stride, users can mint stSOMM, which are redeemable for SOMM at a 1:1 ratio, subject to the unbonding period on the Sommelier blockchain. Stride currently supports liquid staking SOMM on its mainnet, which launched in late July 2022. With stSOMM, users can retain liquidity in their staked tokens while also earning staking rewards. stSOMM 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.
The live Stride Staked SOMM price today is $0.088280 USD with a 24-hour trading volume of $2,276.22 USD. We update our stSOMM to USD price in real-time. Stride Staked SOMM is up 7.69% in the last 24 hours. The current CoinMarketCap ranking is #6188, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Stride Staked SOMM at the current rate, the top cryptocurrency exchange for trading in Stride Staked SOMM stock is currently Osmosis. You can find others listed on our crypto exchanges page.