Anchorage Digital Adds Support For DYDX Staking

IconCNT15 May, 2024

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Anchorage Digital Adds Support For DYDX Staking

Anchorage Digital, a crypto custodian and banking firm, has announced that it will support DYDX staking. This will allow DYDX holders to earn rewards by staking their tokens on the Anchorage platform. DYDX is the native token of the dYdX decentralized crypto exchange. The token is used to pay for transaction fees, governance, and staking. Staking DYDX allows holders to earn rewards in the form of additional DYDX tokens. The addition of DYDX staking to the Anchorage platform is a significant development for the crypto ecosystem. It will make it easier for DYDX holders to earn rewards on their tokens and will help to increase the liquidity of the DYDX market. Previously on May 15, 2024, "Decentralized crypto exchange dYdX(DYDX) Foundation announced on its official blog on the 15th that crypto custodian and banking firm Anchorage Digital will support DYDX staking."

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