Interchain Foundation Invests in Stride to Develop IBC-Native DEX on Cosmos Hub

The Interchain Foundation announced on April 29, 2025, its investment in Stride, a liquid staking protocol, to develop an IBC-native decentralized exchange (DEX) on the Cosmos Hub. This initiative is expected to contribute to Cosmos’s growing DeFi landscape by expanding asset and liquidity options for users. Initial market response has been positive, with increased user activity observed on the Cosmos Hub.