10% of the total supply of DYDX has been staked for the protection of dYdX chain, with validators' APR exceeding 20%
David Gogel, Deputy CEO of Strategy and Operations at the dYdX Foundation, posted on social media that currently 100 million DYDX (10% of total supply) have been staked to protect the dYdX chain. Validators and stakers can now earn an annualized return of 21.24% (7-day average).
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
Next Week's Macro Outlook: "Super Central Bank Week" Arrives, Fed Rate-Cut Cycle Set to Restart
Bitcoin market dominance drops to 57.35%, nearing the lowest level of the year
Analysis: Realized BTC miner inflow value to exchanges reaches all-time high, indicating potential selling pressure
Trending news
MoreCrypto prices
More
