TechFlow reports that dYdX has launched in-app staking functionality. Previously, $DYDX holders had to use third-party wallets for staking; now users can send their $DYDX to the same wallet address used for trading on dYdX Chain and directly participate in staking via the official dYdX website to earn rewards. According to Mintscan, users can currently earn an annualized yield of approximately 14% by staking $DYDX, with USDC staking rewards automatically distributed to their wallets.
dYdX aims to build a positive feedback loop within its ecosystem—users can stake $DYDX to earn $USDC rewards, then use $USDC to trade on dYdX and earn $DYDX trading rewards, creating a cyclical process that enhances capital efficiency and delivers richer returns.
