dYdX Chain has been upgraded to version v3.0 and supports DYDX liquidity staking

2024-01-30 08:29:35

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ChainCatcher message, the dYdX Chain has been upgraded to version v3.0 and introduced cross-chain account functionality, allowing the Cosmos-based dYdX Chain to support the integration of liquid staking protocols. This initiative enables users to convert their staked DYDX into liquid assets that can be traded or used in DeFi applications while continuing to stake and protect the dYdX Chain.

Stride plans to start offering liquid staking services for dYdX today, and two other liquid staking providers, Persistence and Quicksilver, also plan to offer this service in the near future.

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