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
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders
Crypto prices
More
