TechFlow reported that the dYdX community has launched a signal proposal to transfer and stake 5 million DYDX tokens from the community treasury via the liquid staking protocol pSTAKE Finance. The voting will end on April 6 at 19:00.
The proposal suggests conducting the liquid staking of 5 million DYDX tokens in phases as follows:
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After this signal proposal passes, 3.5 million DYDX will be liquid staked.
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After the dYdX community completes a security review of the stkDYDX implementation, 750,000 DYDX will be liquid staked.
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Once the total stkDYDX TVL exceeds $20 million, another 750,000 DYDX will be liquid staked.
The proposal recommends using a multi-sig composed of five validators—Stakecito, StakeWithUs, StableLab, Provalidator, and Nocturnal Labs—to facilitate the liquid staking of DYDX and return the stkDYDX to the dYdX community treasury.
