Anchorage Digital Announces Support for DYDX Staking
Anchorage Digital, a leading institutional crypto platform, has recently made an announcement regarding its support for native DYDX staking. This development allows institutions to stake DYDX directly from their secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USD Coin.
Anchorage Digital Crypto Services
As the home of the only federally chartered digital asset bank, Anchorage Digital provides a variety of crypto services, including custody and staking. They have been the preferred partner for crypto innovators, offering support for ethDYDX and native DYDX custody since their respective launches.
- Anchorage Digital offers custody and staking services for various cryptocurrencies.
- They have been supporting DYDX custody since the launch of the dYdX Chain.
- Their services cater to institutional involvement in the dYdX ecosystem.
Staking DYDX on Anchorage Digital
With support for hundreds of top assets chosen based on institutional demand and quality standards, Anchorage Digital now allows clients to easily stake DYDX and earn rewards. Both the DYDX tokens and staking rewards in USDC tokens are held securely in custody on the Anchorage Digital platform.
- Clients can stake DYDX tokens and earn rewards on the Anchorage Digital platform.
- Staking DYDX contributes to the growth and sustainability of the dYdX ecosystem.
- The collaboration between Anchorage Digital and dYdX Foundation enhances custodial solutions and protocol attractiveness.
Driving Decentralization on the dYdX Chain
The dYdX Chain is a prominent decentralized finance (DeFi) protocol focusing on perpetual futures, completely decentralized and community-governed. It distributes all protocol fees to DYDX stakers to enhance the security of the chain. Since its inception, the dYdX Chain has seen significant trading volume and distributed staking rewards to thousands of stakers.
- The dYdX Chain is a decentralized DeFi protocol known for perpetual futures.
- All protocol fees are distributed to DYDX stakers for security reinforcement.
- The Anchorage Digital integration enhances institutional interest and provides secure custodial services for DYDX stakers.
Hot Take: Embracing DYDX Staking with Anchorage Digital
By allowing institutions to stake DYDX and earn rewards, Anchorage Digital is opening up a new era of institutional engagement with the dYdX ecosystem. This collaboration not only offers secure custodial services but also contributes to the growth and sustainability of the protocol, driving decentralization and institutional adoption in the crypto space.
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