Stride Staked Atom
STATOM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
STATOM (stATOM) is Stride's liquid-staked receipt token for ATOM, operating within the Cosmos ecosystem. The protocol benefits from strong technical architecture, backed by 10 comprehensive audits from Informal Systems, Oak Security, and CertiK, as well as enhanced economic security under Cosmos Hub Interchain Security (ICS). Tokenomics are sound and non-rebasing, with supply dynamically matching user staking deposits and redemptions. Team and governance are managed via Stride Labs and on-chain STRD governance with transparent parameters. However, the asset faces notable constraints: secondary market liquidity is thin ($2.8M-$4.1M market cap with daily volume as low as $2.5K-$50K), development and community activity data retrieved reflect operational maintenance rather than rapid new delivery, and the USD value of stATOM remains constrained by the broader market drawdown of underlying ATOM. No qualifying red-flag security exploits, depegs, or regulatory actions were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Stride Staked Atom (STATOM)
STATOM (stATOM) is the liquid staking receipt token for Cosmos Hub (ATOM), issued by the Stride protocol, a Cosmos SDK application-specific blockchain. As a non-rebasing derivative token, its supply dynamically expands and contracts based on user deposits and redemptions, with no fixed maximum supply or independent inflationary emissions. Rather than adjusting balance quantities, stATOM accrues staking rewards by gradually increasing its redemption rate relative to underlying ATOM. The token is integrated across the Cosmos network via the Inter-Blockchain Communication (IBC) protocol, with presence on platforms such as Osmosis, Evmos, and Secret Network.
The underlying protocol was developed by Stride Labs, co-founded by Vishal Talasani, and operates as a consumer chain secured by the Cosmos Hub under Interchain Security (ICS). Protocol governance is managed on-chain by holders of the native STRD token rather than stATOM holders. Stride's smart contracts and infrastructure have undergone ten security audits, including seven by Informal Systems, two by Oak Security, and an initial architecture audit by CertiK.
STATOM carries specific market and operational risks. The token operates with thin liquidity, marked by a market capitalization ranging between $2.8 million and $4.1 million and low daily trading volumes between $2.5 thousand and $50 thousand. Because the derivative's valuation tracks ATOM, its USD price has been affected by ATOM's broader market drawdown exceeding 50% from its historical peak. Operationally, the token experienced a temporary unbonding delay in August 2024 due to a Cosmos Hub gas parameter change interacting with the Liquid Staking Module (LSM), which was subsequently resolved without loss of funds. In addition, the token remains indirectly exposed to broader Cosmos infrastructure controversies, such as October 2024 concerns raised regarding unreviewed code updates in the Cosmos Hub LSM.