The Cosmos ecological liquidity staking protocol Stride plans to transition from the existing Stride (STRD) token model to the Cosmos Interchain Security (ICS) system powered by ATOM tokens. Post-transition, Stride will be secured by staked ATOMs instead of STRD tokens, and Cosmos' validator set will take over block production from the existing Stride validator set.
Stride contributor Ian Unsworth said that the transition will likely occur around block height 4616678. While Stride has more than $35 million in total value locked up, it only has $19 million in economic security through bonded network tokens. After the ICS transition, block production/security will be passed to the ATOM validator set, increasing the economic security of the network by approximately 11,935.2%. According to the official blog, the shift to ICS will increase Stride’s economic security from roughly $25 million to $2.3 billion, making the liquid staking protocol more resistant to hacking.
