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TechFlow reports that Stride, a liquid staking protocol in the Cosmos ecosystem, will launch the liquid staked token stDYDX on dYdX Chain, allowing DYDX holders to receive stDYDX.
In addition, the stDYDX token is non-rebasing, meaning the amount of stDYDX in a user's personal wallet will not increase as they earn staking rewards. New features of stDYDX also include an auto-compounding mechanism.
Stride, a liquid staking protocol in the Cosmos ecosystem, will launch the liquid staked token stDYDX on dYdX Chain, allowing DYDX holders to receive stDYDX. Notably, stDYDX is non-rebasing, meaning the amount of stDYDX in a user's wallet will not increase as they earn staking rewards. New features of stDYDX also include an auto-compounding mechanism.
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