The STRD Token

Utility & Tokenomics

The STRD token is a way for users to participate in governance and collect staking rewards derived from protocol fees. Learn all about its utility and tokenomics here.

Value Accrual

Staked STRD receives 85% of protocol fees, which is distributed as a basket of different Cosmos tokens. So stakers receive stTIA, stDYDX, stATOM, etc as a staking reward. While the majority of the staking reward is from protocol fees, a supplement of newly-emitted STRD is added.

Governance

Staked STRD can vote in onchain governance proposals. Stakers can vote on: which host-chain validators to delegate tokens to, how to spend community pool funds, protocol upgrades, and other important issues.

Securing the Network

By staking their STRD, users are effectively securing the integrity of the network. For that, they earn some additional APR through inflation.

Click here to lean more about revenue distribution, funding and more.

How to get STRD

It's easy to acquire STRD, either through buying/swapping on one of the many available exchanges, or through participating in airdrops.

Just follow our guide on our main website.

How to stake STRD

By staking the STRD token, users can participate in governance and collect staking rewards derived from protocol fees. Learn how to do it here.