dYdX voted to approve the proposal to stake 20 million DYDX on Stride
The dYdX community has voted to propose pledging 20 million DYDX tokens on the liquidity collateral protocol Stride, and will submit a second proposal to transfer the 20 million DYDX tokens to a cross-chain account owned by the community.
In addition, there is a software upgrade proposal underway on Stride to introduce a community pool fee rebate feature. This feature will enable the dYdXChain community treasury to receive a 2.5% USDC collateral reward.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Launches New Testnet “Hoodi” to Wrap Up Pectra Testing
Ethereum is launching a new testnet called Hoodi on March 17 to finalize testing for the upcoming Prague-Electra (Pectra) upgrade.
BNB breaks above $610
Toncoin (TON) Price Surges Over 6% Following Telegram Founder Pavel Durov's Release
Trending news
MoreCrypto prices
More
