Announcing Blockdaemon’s Support for dYdX
Announcing Blockdaemon’s Support for dYdX
By:
Conor
Keville
Blockdaemon now supports dYdX, a leading proof-of-stake network built using the Cosmos SDK and leveraging CometBFT for achieving consensus.
Blockdaemon now supports dYdX, a leading proof-of-stake network built using the Cosmos SDK and leveraging CometBFT for achieving consensus.
Key Features:
- Proof-of-Stake: The dYdX Chain employs a Proof-of-Stake (PoS) mechanism where DYDX holders can either become validators or delegate their DYDX tokens to a dYdX Chain validator, such as Blockdaemon.
- Maximum Number of Validators: Maximum of 60 validators in the active set. Blockdaemon is currently in the active set.
- Unbonding Period: 30 days.
Start Staking with Blockdaemon
Staking and the delegation of dYdX tokens contribute directly to the security of the network, with a diversified set of validators enhancing the network's resilience.
To get started staking dYdX with Blockdaemon, you can access the Blockdaemon validator directly here, or contact us in the form below for more information.
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