Cryptocurrency Q&A
Is dYdX a token or coin?
Is dYdX a token or coin?
Tommaso
Sun Jun 23 2024
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6 answers
1324
I don't understand this question. Could you please assist me in answering it?
6 answers
Michele
Tue Jun 25 2024
DYDX serves as the fundamental token for the dYdX Chain, playing a pivotal role in the network's security and functionality.
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EthereumEliteGuard
Tue Jun 25 2024
Notably, 100% of these protocol fees are distributed to the Stakers, with USDC serving as the primary currency for these rewards.
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BitcoinWarrior
Tue Jun 25 2024
Holders of DYDX have the ability to stake their tokens to contribute to the security of the chain.
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SkyWalkerEcho
Tue Jun 25 2024
This staking process ensures the integrity and resilience of the dYdX Chain, as it relies on the distributed power of its community members.
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Eleonora
Tue Jun 25 2024
In recognition of their efforts, those who stake DYDX are rewarded with a portion of the protocol fees generated on the network.
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