dYdX reports: 14.8% of total DYDX token supply has been staked to secure dYdX Chain

dYdX released the latest report on the DYDX token, the key points are as follows: Since the launch of dYdX Chain, the utility of the DYDX token has expanded to the areas of security, staking, and governance, including: Security: Approximately 148 million DYDX (14.8% of the total supply) have been staked to 60 validators in the active set to ensure the security of dYdX Chain; Staking: To date, the protocol has distributed more than 2,000 USDC to more than 18,991 dYdX Chain stakers; Governance: To date, dYdX community members have initiated 54 governance proposals; Staking rewards in the form of USDC unlock many tangible use cases; 75.2% of ethDYDX has been migrated to dYdX Chain; On April 6, 2024, the dYdX community voted to transfer 20 million from the dYdX Chain community treasury DYDX and stake these tokens with liquidity staking provider Stride.