Stride chain will cease operation, stToken will be migrated to Osmosis redemption

The Cosmos Ecological Liquidity Pledge Agreement Stride has announced that it will cease operations. Users can redeem their stToken through Stride before October 12th, after which the redemption function will be suspended; Expected to launch redemption pool on Osmosis around November 20th. The stToken will not expire, and stTokens deployed to other chains do not need to be bridged back to Stride. StTokens and underlying assets such as stATOM and stOSMO will be migrated to Osmosis' Transmuter pool, and reward accumulation will stop after the migration is completed. Stride Labs and Stride Association's funding reserves are expected to be depleted by February 2027.