dYdX, a leading decentralized exchange, has recently seen its community vote to stake an impressive sum of $60 million in an effort to boost network security. The decision marks a significant commitment from dYdX’s users and shows high confidence in the platform’s future. Here’s what you need to know about this event:
1. What is staking?
Staking involves allocating funds in a cryptocurrency wallet to support the operations of a blockchain network. By staking their digital assets,