dYdX Chain adds liquid staking support with latest upgrade | Headlines | News | CoinMarketCap
01/30/2024 02:24
Cosmos-based dYdX Chain now supports liquid staking on the network. dYdX Chain was upgraded to its v3.0 version today. The upgrade introduced …
The Block23 minutes ago
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Published on January 29, 2024 19:01 GMT+00:00edited on January 29, 2024 19:04 GMT+00:00
Cosmos-based dYdX Chain now supports liquid staking on the network.
dYdX Chain was upgraded to its v3.0 version today. The upgrade introduced interchain accounts, enabling support for liquid staking protocols to join the Cosmos-based network.
This move allows users to continue to stake and secure the dYdX Chain, while converting staked DYDX into a liquid asset that can be traded or utilized in DeFi applications
Liquid staking protocols are competing to onboard the dYdX stakers to liquid staking.
Cosmos-based Stride plans to open up dYdX’s liquid staking today. Two other liquid staking providers, Persistence and Quicksilver, also aim to offer the service in the near future. “We’re thrilled to be working closely with dYdX to unlock the full value of that infrastructure by bringing …