Ever since the dYdX Chain went live, the DYDX token has seen its use cases grow to encompass Staking, Governance, and Security. After a successful vote by the dYdX community, the dYdX Chain and its native Layer 1 coin, DYDX, launched on October 26th, 2023.

The dYdX Chain, together with its native Layer 1 token DYDX, was released on October 26, 2023.

DYDX has become the powerhouse of the layer-1 dYdX blockchain, enabling decentralized governance on the network.

Finbold encountered three cryptocurrencies to avoid trading in the first week of May due to significant token unlocks.

The DYDX token is an integral part of the dYdX Chain, focusing on decentralized financial (DeFi) instruments and derivatives. It has undergone significant changes after transitioning from Ethereum to the dYdX Chain, bringing new functionalities and an expanded utility.

dYdX is set to distribute $60-80 million in USDC to stakers as the platform's trading volume surpasses $100 billion in just five months.

To protect dYdX's DEX, the community decided to vote to stake $20 million worth of their native token, $DYDX. The staking approach is famous for preserving a platform against security threats.

A game-changer resolution made by the governance community in the secure DeFi platform dYdX in cooperation with decentralized derivatives exchange is the assignment of the largest portion of treasury funds, which goes to reinforce the security of the platform.

The dYdX DEX community has collectively voted to stake approximately $60 million worth of native token as a security measure.

The dYdX Chain, the underlying blockchain for the dYdX perpetual futures exchange, experienced a significant outage early Monday. The disruption, lasting for over nine hours, was attributed to a scheduled upgrade to version 4 of the chain.

The dYdX community has approved staking 20 million DYDX tokens to enhance security amid a surge in activity on the decentralized crypto exchange (DEX).

DYdX Chain, supporting the dYdX perpetual futures exchange, faced a significant nine-hour outage due to a scheduled v4 upgrade.

DYdX Chain, the blockchain built to house the perpetual futures exchange dYdX, experienced a “major outage” beginning early Monday morning. DYdX said the chain halt was caused by a scheduled v4 upgrade to the chain.

The dYdX community votes to stake $60 million in tokens with Stride, automating USDC rewards and bolstering network security.

TL;DR dYdX experienced a block production interruption after a scheduled update on April 8th. The development team is investigating the issue and seeking solutions with validators. The protocol has been active in implementing updates, including advancements in the order book and security improvements.

dYdX Chain faces a network outage for the first time since it migrated from Ethereum to Cosmos.

The decentralized derivatives exchange protocol, dYdX, went off the rails with an unexpected stop in its blockchain operations due to a planned upgrade, causing a major disruption to its mainnet services. However, engineers and system developers are now analyzing and remedying the issues.

The dYdX team said they are investigating and will reconvene with validators at 15:00 UTC today.

dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version. Cosmos-based dYdX Chain stopped producing blocks on Apr.

The outage has been ongoing for over two hours with no fix expected for several hours, according to an incident report.

The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.

The dYdX community has approved a proposal to stake 20 million DYDX tokens, enhancing security measures and protecting against potential control attacks.

The community of decentralized exchange dYdX has agreed to stake 20 million dYdX Chain tokens with Cosmos staking provider Stride as a security measure. Trading Surge Necessitates New Staking Move dYdX founder Antonio Juliano confirmed the news of the decision on X.

The community of decentralized derivatives exchange dYdX has voted to stake 20 million dYdX Chain tokens, worth about $60 million at current prices, with Cosmos staking provider Stride in order to boost the economic security of the network and encourage stake diversity among its community.

The dYdX community approved staking 20 million DYDX tokens as a security measure as the protocol experiences a spike in trading activity.

Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns.

Renowned cryptocurrency analyst Michaël van de Poppe identified a list of top 10 altcoins offering significant buying opportunities amidst a market dip. What Happened: In an X (formerly known as Twitter) thread on Wednesday, van de Poppe highlighted the current market conditions, noting the altcoin market capitalization has seen a correction but still holds potential for more gains.

As cryptocurrency markets experience a downturn, the total market capitalization has dropped by 7% in two days to $2.62 trillion. Even Bitcoin, the largest cryptocurrency, plummeted from $71,300 to $66000, affecting the top altcoins, with bears starting to dominate the market.

dYdX (DYDX), a decentralized exchange, is set to relocate a portion of its operations to the Cayman Islands amidst increased scrutiny from U.S. regulators on decentralized finance (DeFi) protocols.

dYdX, a decentralized exchange, after the community referendum with over 90% support, has announced its decision to operate from the Cayman Islands partially. However, this move is targeted to reduce the probable legal risks because the United States security regulators have been concentrating on decentralized finance (DeFi) protocols.

The decentralized exchange dYdX has announced its plans to restructure operations by setting up a legal entity in the Cayman Islands. This legislation coincides with the rising regulatory scrutiny by U.S. authorities towards DeFi protocols.

dYdX community members voted in favor of creating a Cayman Islands foundation company to support the protocol's operations and governance, a move that offers certain legal benefits to the protocol's contributors.

DYDX, ZETA, AXS, and more, totaling $1.38 billion.

Top Decentralized Finance (DeFi) protocol dYdX has hinted at plans to release Liquidity Provider (LP) vaults and an Automated Market Marker (AMM) engine. dYdX Launches LP Vaults in 2 Phases The protocol is considering introducing LP vaults to help enhance liquidity for all markets on protocols that utilize the dYdX Chain software.

Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.

TL;DR Osmosis, dydX, and Synthetix are leading the pack in the DeFi sector with the most active development. Osmosis, a Decentralized Exchange (DEX) on the Cosmos network, has seen over 169 commits on GitHub in the last 30 days.

The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.

Prosecutors want to lock Bankman-Fried up for decades while his family, friends, and even prison roommates have asked for leniency.

Stride, a multichain liquid staking protocol, has proposed a collaboration with the dYdX community to stake 20 million DYDX tokens, equivalent to $67 million, from its community pool into Stride 2's liquid staking protocol.

Multichain liquid staking protocol Stride is proposing that the dYdX community participate in securing its network through staking 20M DYDX ($67 million) from its community pool with Stride 2's liquid staking protocol.

The increased retail interest paired with growing workloads from algorithmic trading firms were the main reason behind the recent exchange outages, according to dYdX CSO.

Decentralised Exchange (DEX) tokens were among the best performers on Saturday. Uniswap (UNI) token soared by more than 70% while dYdX, Synthetix (SNX), PancakeSwap (CAKE), and THORChain (RUNE) soared by more than 30%. DeFi tokens like AAVE and Lido DAO were among the best performers.

In a landmark move that is set to redefine the landscape of decentralized finance (DeFi), the dYdX community was introduced to an innovative proposal on February 11. The proposal, spearheaded by Chorus One, seeks to democratize the governance process of the dYdX platform.

This week, the Dydx Foundation revealed it has secured a $30 million allocation from the Dydx Chain Community Treasury. This financial infusion is designated to extend the foundation's operational capacity by an additional three years, facilitating the execution of the project's strategic roadmap.

The dYdX foundation has announced that it has successfully raised $30 million worth of DYDX tokens from the dYdX chain Chain Community Treasury.

Boost in governance and adoption on the horizon for dYdX Foundation with treasury funds.

TL;DR The dYdX Foundation secures $30 million for its strategic roadmap. The funds support the development of the platform over the next three years. The allocation receives strong community support, reinforcing decentralized governance. The dYdX Foundation is pleased to announce the successful allocation of $30 million in DYDX from the Community Treasury.