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
Avici token crashes as hackers drain nearly $1 million from Solana neobank
The Fed Just Changed the September Trade — Here’s What Moved Markets
SEC Proposes New Rule to Bring EU Debt Futures Under CFTC Oversight
Fitch "shows mercy" and maintains France's A+ rating, but warns that uncontrolled deficits could lead to a downgrade
Fitch Ratings recently announced that it is maintaining France's sovereign credit rating at "A+" with a "stable" outlook, even though the agency has once again warned that sustained fiscal deficits and rising public debt amidst increasing political uncertainty could still trigger a future rating downgrade.
Crypto prices
More
