According to TechFlow, dYdX has launched an in-app staking feature. Previously, $DYDX holders needed to use a third-party wallet for staking, but now users can send their $DYDX to the same wallet address that trades on the dYdX Chain, and participate in staking directly on the dYdX official website to earn returns. According to Mintscan, users can currently earn an annualized rate of return of about 14% by staking $DYDX, and USDC staking rewards will be automatically distributed to user wallets.
It is reported that dYdX aims to build an ecological positive flywheel for users. Users can obtain $USDC rewards by staking $DYDX, and then can obtain $DYDX trading rewards by using $USDC to trade on dYdX. This cycle brings higher capital efficiency and richer returns to users.
