dYdX, a decentralized exchange, has launched its own blockchain called dYdX Chain. The new chain will distribute all network fees to validators and stakers in USDC stablecoin. This move is seen as a major upgrade for dYdX, allowing it to become fully decentralized.
With its 🦅migration to their v4, dYdX has become fully decentralized with fees going directly to the DYDX token. But Compound’s @rleshner says taking potshots at its one-time competitor @Uniswap was not warranted. Do you agree? 🔊 Full episode: https://t.co/UsDZR40mLM https://t.co/eHw4rFywy9
#Dydx Chain’s Mainnet Goes Live, Introducing Dydx as Integral L1 Token https://t.co/17yKTKQR5v
ICYMI: DYdX Chain to distribute all network fees to validators and stakers https://t.co/HOAWqygES5
#Dydx Chain Unveils Network Fee Distribution and USDC Stablecoin Trading Fee Allocation https://t.co/17yKTKQR5v
.@dYdX's move to its own blockchain sees a major upgrade, with validators & stakers reaping the rewards in USDC. https://t.co/hBygVAgg8W
Stakers and validators on the new @dYdX chain are also entitled to all of the platform's fees. Read more below: https://t.co/q7ZzCyOjd3
New dYdX Chain Denominates Trading Fees in USDC â–ş https://t.co/bpxZZzHlJW https://t.co/bpxZZzHlJW
DYdX Chain to distribute all network fees to validators and stakers https://t.co/WsUDv1GMGw