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SPCX $145.19 -8.38%
MU $860.07 -5.87%
AMD $506.64 -8.54%

The dYdX community voted to approve the proposal to stake 20 million DYDX with Stride

2024-03-24 09:49:53

ChainCatcher message, the dYdX community has voted to approve the transfer of 20 million DYDX from the treasury to Stride for staking. A second proposal will be submitted to transfer 20 million DYDX to a community-owned cross-chain account. Additionally, a software upgrade proposal is underway on Stride to introduce a community pool fee rebate feature. This feature will allow the dYdX Chain community treasury to receive 2.5% of the USDC staking rewards.

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