Stride Staked UMEE Price(STUMEE)

Stride Staked UMEE is created when users stake their UMEE tokens with Stride, a protocol that facilitates multichain liquid staking. UMEE is the native token of the Umee project—a well-regarded lending protocol within the Cosmos ecosystem—endorsing a robust framework for decentralised lending and borrowing.

When users commit their UMEE tokens to the Stride platform, they receive $stUMEE in return. This token not only represents their stake but also accumulates staking rewards over time. What sets $stUMEE apart is the ability to redeem it for the original UMEE at a 1:1 ratio, subject to an unbonding period defined by the protocol. This characteristic enables users to enjoy enhanced liquidity while simultaneously earning from their staked assets—an attractive proposition in the ever-evolving crypto landscape.