{"id":237935,"date":"2024-01-30T01:03:58","date_gmt":"2024-01-29T19:33:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=237935"},"modified":"2024-01-30T01:03:58","modified_gmt":"2024-01-29T19:33:58","slug":"dydx-chain-enables-liquid-staking-for-dydx-token-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dydx-chain-enables-liquid-staking-for-dydx-token-crypto-news\/","title":{"rendered":"dYdX Chain Enables Liquid Staking for DYDX Token &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Staked DYDX can be converted into a liquid, fungible asset.<\/p>\n<div>\n<p>dYdX Chain, the Cosmos-based blockchain supporting the dYdX exchange, today enabled liquid staking.<\/p>\n<p>Liquid staking allows stakers securing the dYdX Chain to convert staked DYDX into a liquid staking token, or LST, the dYdX Foundation said in a press release. LSTs are fungible assets that can be traded or used in DeFi applications.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.stride.zone\/\">Stride<\/a>, the largest liquid staking provider in the Cosmos ecosystem, will provide access to the service, while providers, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/persistence.one\/\">Persistence<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/quicksilver.zone\/\">Quicksilver<\/a>, will launch it in the coming days, the announcement said.<\/p>\n<p>Liquid staking further unlocks liquidity for the DYDX token by enabling Stakers to avoid the 30 day un-bonding period. Stakers who traded their tokens for LSTs, will continue to earn dYdX Chain staking rewards.<\/p>\n<p><!--$!--><!--\/$--><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Staked DYDX can be converted into a liquid, fungible asset. dYdX Chain, the Cosmos-based blockchain supporting the dYdX exchange, today enabled liquid staking. Liquid staking allows stakers securing the dYdX Chain to convert staked DYDX into a liquid staking token, or LST, the dYdX Foundation said in a press release. LSTs are fungible assets that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-237935","post","type-post","status-publish","format-standard","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=237935"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237935\/revisions"}],"predecessor-version":[{"id":237937,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237935\/revisions\/237937"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=237935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=237935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=237935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}