dYdX Chain Introduced Interchain Accounts, Enabling Liquid Staking
Jan 30,2024,02:47
Reported by The Block, dYdX Chain was upgraded to its v3.0 version today. The upgrade introduced interchain accounts, enabling support for liquid staking protocols to join the Cosmos-based network.
This move allows users to continue to stake and secure the dYdX Chain, while converting staked DYDX into a liquid asset that can be traded or utilized in DeFi applications
Liquid staking protocols are competing to onboard the dYdX stakers to liquid staking. Cosmos-based Stride plans to open up dYdX’s liquid staking today. Two other liquid staking providers, Persistence and Quicksilver, also aim to offer the service in the near future.
