dYdX reports: 14.8% of total DYDX token supply is staked to secure dYdX Chain

04/26 03:56

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dYdX has released its latest report on the DYDX token, with the following highlights:Since the launch of dYdX Chain, the utility of the DYDX token has expanded to the areas of security, staking, and governance, including:Security: Approximately 148 million DYDX tokens (14.8% of the total supply) have been staked to 60 active validators to ensure the security of dYdX Chain;Staking: The protocol has distributed over 2,000 USDC tokens to more than 18,991 dYdX Chain stakers so far;Governance: To date, the dYdX community has initiated 54 governance proposals;Staking rewards in the form of USDC have unlocked many tangible use cases;75.2% of ethDYDX has already migrated to dYdX Chain;On April 6, 2024, the dYdX community voted to transfer 20 million DYDX tokens from the dYdX Chain community treasury and stake them with liquidity provider Stride.

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