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About stSTARS

stSTARS is a token received in exchange for staking STARS with Stride. STARS is the native token of the Stargaze ecosystem on the Cosmos blockchain. By staking STARS with Stride, users can earn stSTARS, which are redeemable for STARS at a 1:1 ratio, subject to the unbonding period on STARS. Stride currently supports staking STARS on its mainnet, which launched in late July 2022. With stSTARS, users can retain liquidity in their staked tokens while also earning staking rewards, giving them the ability to pursue more yields within the ecosystem.

Stride Staked STARS (stSTARS) is a cryptocurrency launched in 2023. stSTARS has a current supply of 17.91M with 17.91M in circulation. The last known price of stSTARS is 0.017634051674 USD and is 0.000556581268 over the last 24 hours. It is currently trading on active market(s) with $1.08 traded over the last 24 hours. More information can be found at https://app.stride.zone/.

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stSTARS Price Statistics
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Updated Jun 24, 2024 4:45 am
Stride Staked STARS
Mkt Cap $315,772.99
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of Stride Staked STARS (stSTARS)?

    The all-time high of stSTARS was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Stride Staked STARS (stSTARS) is 0. The current price of stSTARS is down 0% from its all-time high.

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  • How much Stride Staked STARS (stSTARS) is there in circulation?

    As of , there is currently 17.91M stSTARS in circulation. stSTARS has a maximum supply of 0.

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  • What is the market cap of Stride Staked STARS (stSTARS)?

    The current market cap of stSTARS is 315,772.99. It is calculated by multiplying the current supply of stSTARS by its real-time market price of 0.017634051674.

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  • What is the all-time low price of Stride Staked STARS (stSTARS)?

    The all-time low of stSTARS was 0 , from which the coin is now up 0%. The all-time low price of Stride Staked STARS (stSTARS) is 0. The current price of stSTARS is up 0% from its all-time low.

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  • Is Stride Staked STARS (stSTARS) a good investment?

    Stride Staked STARS (stSTARS) has a market capitalization of $315,772.99 and is ranked #2167 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Stride Staked STARS (stSTARS) price trends and patterns to find the best time to purchase stSTARS.

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