The Cosmos' first ever liquid staked index token is now live It's called stIBCX.
15 Jun 2023, 14:54
The Cosmos' first ever liquid staked index token is now live 🎉 It's called stIBCX.
Get exposure to the whole Cosmos in a single token, without forfeited staking rewards.
Issued on Osmosis, composed of Stride's liquid staked tokens, governed by ION DAO.
How it works 👇
In order to mint stIBCX, users have to “liquid stake” their IBCX. IBCX is an index token backed by a diversified basket of Cosmos tokens. But those backing tokens aren’t staked. When you liquid stake your IBCX, you get stIBCX, which is backed by the same basket of tokens - except they’re liquid staked by Stride. So for example, stOSMO and stATOM instead of OSMO and ATOM.
Where a token in the IBCX basket doesn't have a Stride LST available, that token is included in its unstaked form. But thanks to Stride’s wide array of LSTs, over 80% of the stIBCX basket is LSTs. And as more Stride LSTs become available in the future (eg. stAXL and stATK), the unstaked tokens in the stIBCX basket will be converted to LSTs.
To view the stIBCX basket and liquid stake IBCX 👇
To trade stIBCX on Osmosis 👇
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