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The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.
The dYdX community has approved a proposal to stake 20 million DYDX tokens, enhancing security measures and protecting against potential control attacks.
The community of decentralized exchange dYdX has agreed to stake 20 million dYdX Chain tokens with Cosmos staking provider Stride as a security measure. Trading Surge Necessitates New Staking Move dYdX founder Antonio Juliano confirmed the news of the decision on X.
The community of decentralized derivatives exchange dYdX has voted to stake 20 million dYdX Chain tokens, worth about $60 million at current prices, with Cosmos staking provider Stride in order to boost the economic security of the network and encourage stake diversity among its community.
The dYdX community approved staking 20 million DYDX tokens as a security measure as the protocol experiences a spike in trading activity.
Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns.
Renowned cryptocurrency analyst Michaël van de Poppe identified a list of top 10 altcoins offering significant buying opportunities amidst a market dip. What Happened: In an X (formerly known as Twitter) thread on Wednesday, van de Poppe highlighted the current market conditions, noting the altcoin market capitalization has seen a correction but still holds potential for more gains.
As cryptocurrency markets experience a downturn, the total market capitalization has dropped by 7% in two days to $2.62 trillion. Even Bitcoin, the largest cryptocurrency, plummeted from $71,300 to $66000, affecting the top altcoins, with bears starting to dominate the market.
dYdX (DYDX), a decentralized exchange, is set to relocate a portion of its operations to the Cayman Islands amidst increased scrutiny from U.S. regulators on decentralized finance (DeFi) protocols.
dYdX, a decentralized exchange, after the community referendum with over 90% support, has announced its decision to operate from the Cayman Islands partially. However, this move is targeted to reduce the probable legal risks because the United States security regulators have been concentrating on decentralized finance (DeFi) protocols.
The decentralized exchange dYdX has announced its plans to restructure operations by setting up a legal entity in the Cayman Islands. This legislation coincides with the rising regulatory scrutiny by U.S. authorities towards DeFi protocols.
dYdX community members voted in favor of creating a Cayman Islands foundation company to support the protocol's operations and governance, a move that offers certain legal benefits to the protocol's contributors.
DYDX, ZETA, AXS, and more, totaling $1.38 billion.
Top Decentralized Finance (DeFi) protocol dYdX has hinted at plans to release Liquidity Provider (LP) vaults and an Automated Market Marker (AMM) engine. dYdX Launches LP Vaults in 2 Phases The protocol is considering introducing LP vaults to help enhance liquidity for all markets on protocols that utilize the dYdX Chain software.
Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.
TL;DR Osmosis, dydX, and Synthetix are leading the pack in the DeFi sector with the most active development. Osmosis, a Decentralized Exchange (DEX) on the Cosmos network, has seen over 169 commits on GitHub in the last 30 days.
The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.
Prosecutors want to lock Bankman-Fried up for decades while his family, friends, and even prison roommates have asked for leniency.
Stride, a multichain liquid staking protocol, has proposed a collaboration with the dYdX community to stake 20 million DYDX tokens, equivalent to $67 million, from its community pool into Stride 2's liquid staking protocol.
Multichain liquid staking protocol Stride is proposing that the dYdX community participate in securing its network through staking 20M DYDX ($67 million) from its community pool with Stride 2's liquid staking protocol.
The increased retail interest paired with growing workloads from algorithmic trading firms were the main reason behind the recent exchange outages, according to dYdX CSO.
Decentralised Exchange (DEX) tokens were among the best performers on Saturday. Uniswap (UNI) token soared by more than 70% while dYdX, Synthetix (SNX), PancakeSwap (CAKE), and THORChain (RUNE) soared by more than 30%. DeFi tokens like AAVE and Lido DAO were among the best performers.
In a landmark move that is set to redefine the landscape of decentralized finance (DeFi), the dYdX community was introduced to an innovative proposal on February 11. The proposal, spearheaded by Chorus One, seeks to democratize the governance process of the dYdX platform.
This week, the Dydx Foundation revealed it has secured a $30 million allocation from the Dydx Chain Community Treasury. This financial infusion is designated to extend the foundation's operational capacity by an additional three years, facilitating the execution of the project's strategic roadmap.
