The Cosmos ecosystem liquidity staking protocol Stride will shift to a security model driven by ATOM.
BlockBeats reported on July 19th that Stride, a liquidity staking protocol based on Cosmos, plans to transition from its current STRD token model to Cosmos' Inter-Chain Security (ICS) system, which is driven by the ATOM token.
Ian Unsworth, a contributor to Stride, stated that the transition may occur between Wednesday 17:00 and 21:30 (UTC time), at block height 4616678.
According to the official blog, transitioning to ICS will increase Stride's economic security from approximately $25 million to $2.3 billion, making the protocol more resistant to hacker attacks. (CoinDesk)