Liquidity staking protocol Stride completes $4 million strategic financing round, led by DBA.

According to official sources on February 3, Stride, a Cosmos ecosystem liquidity staking protocol, announced the completion of a $4 million strategic financing round led by DBA, with participation from 1confirmation, Road Capital, Modular Capital, Imperator, Chorus One, and others. The financing round aims to promote Stride's development within the Celestia ecosystem. As previously reported by BlockBeats, Stride will distribute 5 million STRD airdrops to users holding stTIA within the next 150 days, accounting for 5% of the maximum token supply. Additionally, Stride will collaborate with the Celestia core team and DBA to earn stTIA modular funds by transferring stTIA to users on the rollup; increase stTIA's accountability, trustworthiness, and neutrality; and qualify stTIA for all Celestia ecosystem project airdrops.