YdX Foundation has partnered with Stride to implement liquidity staking functionality on the dYdX chain.

This partnership will provide the Cosmos ecosystem with leading liquidity staking services through Stride.

Liquidity staking allows participants to lock tokens in exchange for received tokens, which can be used or traded in decentralized finance (DeFi) applications. Currently, the total locked value of liquid-collateralized derivatives has exceeded 31.1 billion USD, demonstrating its important role in the DeFi sector.

With this new feature, dYdX token holders can now earn staking tokens for dYdX v4 and stakers will receive transaction and exchange fees in USDC, providing an opportunity to earn more money.


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