dYdX Chain, built on the Cosmos blockchain, introduces liquid staking, transforming staked DYDX tokens into tradable liquid staking tokens (LSTs). This initiative, powered by Stride and soon joined by Persistence and Quicksilver, allows stakers to trade or utilize LSTs in DeFi applications, bypassing the typical 30-day un-bonding period, and still earning staking rewards. This marks a significant step in enhancing liquidity and flexibility for DYDX token holders.
