dYdX Launches dYdX Chain with Native Tokens for Staking

[cryptoupdate]

dYdX, a Decentralised Exchange has Launched the dYdX Chain​

dYdX, a decentralised exchange has launched the dYdX Chain, a layer-1 Blockchain using native dYdX tokens. To make governance on the dYdX Chain more accessible it will distribute fees to validators and stakers in USD Coin.

The transition permits DYDX tokens to be used for staking, securing the network, and participating in governance. Validators safeguard the network and receive protocol fees in proportion to their staked assets.