The liquidity staking protocol Stride will airdrop 250,000 STRD to DYDX staking users
ChainCatcher news, according to official sources, the Cosmos ecosystem liquid staking protocol Stride has announced that in the coming weeks, Stride plans to launch stDYDX and will airdrop 250,000 STRD to users who liquid stake DYDX in the first two months.
It is reported that when users mint stDYDX, their DYDX will be stored on the dYdX Chain, and the accumulated USDC staking rewards will automatically be transferred via IBC to Osmosis and exchanged for DYDX, ensuring that the value of stDYDX appreciates relative to DYDX.
In addition, users must hold stDYDX for at least 31 days to be eligible for the airdrop.
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