Securing the dYdX Chain: A Guide to Staking DYDX Tokens
Decentralized finance (DeFi) platforms continuously transform, bringing innovative financial solutions and enhancing security through distributed systems. An essential component of the dYdX Chain’s functionality is its staking mechanism: as with other Proof-of-Stake consensus mechanisms, it secures and stabilizes the chain whilst enabling the community to actively participate in governance and consensus processes.