dYdX community votes to stake $60 million from treasury to boost security
The community of decentralized derivatives exchange dYdX has voted to stake 20 million dYdX Chain tokens, worth about $60 million at current prices, with Cosmos staking provider Stride in order to boost the economic security of the network and encourage stake diversity among its community. In a vote with 81% participation, the measure passed with 91% support, though some dissenters on the original proposal noted that the proposal's passage could lead to a reduction in dYdX's APY, making the token less attractive to new investors.
Source
https://t.me/CryptoMarketTime
