The Stride chain will gradually cease operations, and stToken will be migrated to Osmosis for redemption.

BlockBeats news, September 29: Cosmos ecosystem liquid staking protocol Stride has announced plans to wind down Stride chain operations in an orderly manner. Users can continue to redeem stTokens normally through Stride until October 12, after which redemption functionality will be paused. Once the underlying staked assets are fully unlocked, a redemption pool is expected to go live on Osmosis around November 20. stTokens will not expire, users do not need to take any action before the migration, and stTokens already deployed on other chains can directly participate in subsequent redemptions without needing to be bridged back to Stride.

According to the plan, all stTokens including stATOM, stOSMO, and their corresponding underlying assets will be migrated to Osmosis's Transmuter pool and exchanged at a fixed redemption ratio. All remaining staked assets will be unstaked and transferred into the relevant pools. After the migration is complete, reward accrual will cease and the redemption ratio will be fixed. Stride stated that users will then be able to exchange stTokens for the corresponding underlying assets via Osmosis.

Stride stated that Stride Labs and Stride Association currently have limited financial reserves and, at the current burn rate, are expected to run out of funds by February 2027. Currently, Stride chain TVL is approximately $6 million. The team believes that continuing to operate the chain without sustained financial support would be irresponsible, and has therefore decided to complete an orderly exit while sufficient resources remain, with the safe exit of user funds as the current top priority.