{"id":10748,"date":"2024-01-30T17:08:34","date_gmt":"2024-01-30T17:08:34","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10748"},"modified":"2024-01-30T17:08:50","modified_gmt":"2024-01-30T17:08:50","slug":"dydx-chain-adds-liquid-staking-support","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/","title":{"rendered":"dYdX Chain Adds Liquid Staking Support!"},"content":{"rendered":"

dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols to join the Cosmos-based network.<\/span><\/p>\n

\n

You might like:\u00a0Is Stablecoin Regaining Its Former Attention?<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n

This upgrade allows users to continue staking and securing the dYdX Chain. It also turns staked DYDX into a liquid asset that can be bought, sold, or used in DeFi applications.<\/p>\n

Liquid staking protocols are vying to bring dYdX stakers into liquid staking.<\/p>\n

Cosmos-based Stride has opened liquid staking for dYdX. Two other liquid staking providers, Persistence and Quicksilver, are also targeting to offer this service soon.<\/p>\n

Stride co-founder Vishal Talashi said, “We are excited to work closely with dYdX to unlock the full value of this infrastructure by bringing StDYDX to DeFi protocols everywhere.”<\/p>\n

dYdX Foundation CEO Charles d’Haussy said, “The liquid staking competition is driving innovation in the DYDX staking ecosystem, which is ultimately a good thing for the entire community.”<\/p>\n

What is the dYdX Chain?<\/span><\/h2>\n

The dYdX Chain is a Cosmos application chain that facilitates the trading of crypto token derivatives and is the largest platform by volume in the decentralized perpetuals niche.<\/span><\/p>\n

The network is secured by validators to whom stakers can delegate their the tokens.<\/span> All protocol fees are redistributed to dYdX stakers and validators in USDC stablecoin.<\/p>\n

\n
\n
\n

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols to join the Cosmos-based network. You might like:\u00a0Is Stablecoin Regaining Its Former Attention? This upgrade allows users to continue staking and securing the dYdX Chain. It also turns staked DYDX into a liquid asset that can<\/p>\n","protected":false},"author":1,"featured_media":10749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4032,93,1029,4033,2619,488,1574,943],"class_list":["post-10748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chain","tag-defi","tag-dydx","tag-dydx-chain","tag-network","tag-stablecoin","tag-staking","tag-usdc"],"yoast_head":"\ndYdX Chain Adds Liquid Staking Support! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"dYdX Chain Adds Liquid Staking Support! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-30T17:08:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T17:08:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"384\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/\",\"name\":\"dYdX Chain Adds Liquid Staking Support! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp\",\"datePublished\":\"2024-01-30T17:08:34+00:00\",\"dateModified\":\"2024-01-30T17:08:50+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp\",\"width\":768,\"height\":384,\"caption\":\"dYdX Chain\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"dYdX Chain Adds Liquid Staking Support!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"dYdX Chain Adds Liquid Staking Support! - Coin Engineer","description":"dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/","og_locale":"en_US","og_type":"article","og_title":"dYdX Chain Adds Liquid Staking Support! - Coin Engineer","og_description":"dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols.","og_url":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/","og_site_name":"Coin Engineer","article_published_time":"2024-01-30T17:08:34+00:00","article_modified_time":"2024-01-30T17:08:50+00:00","og_image":[{"width":768,"height":384,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/","url":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/","name":"dYdX Chain Adds Liquid Staking Support! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp","datePublished":"2024-01-30T17:08:34+00:00","dateModified":"2024-01-30T17:08:50+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/dYdX-2.webp","width":768,"height":384,"caption":"dYdX Chain"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/dydx-chain-adds-liquid-staking-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"dYdX Chain Adds Liquid Staking Support!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=10748"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10748\/revisions"}],"predecessor-version":[{"id":10751,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/10748\/revisions\/10751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/10749"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=10748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=10748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=10748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}