TechFlow reports that Stride, a liquid staking protocol in the Cosmos ecosystem, has announced the launch of a stDYDX/DYDX concentrated liquidity pool on Osmosis with STRD incentives.
All DYDX rewards are distributed in USDC, and stDYDX automatically earns compound interest via IBC. This means you can earn auto-compounding staking rewards by liquid-staking DYDX without waiting for the 30-day unstaking period. Early adopters will receive special rewards, with details to be announced tomorrow.
stDYDX will soon be supported as collateral on Demex. Within the next 30 days, stDYDX may also be supported on Mars Protocol (a Cosmos lending platform) and UX Chain, tradable on Astroport on Neutron, and potentially appear on other Cosmos DEXs.
Add to Favorites
Share to Social Media
