In an effort to protect its decentralized crypto exchange against potential security threats, the dYdX community has approved a proposal to stake 20 million DYDX tokens.presented by dYdX emphasized the necessity of increasing the platform’s security measures in the face of increasing deposits and trading volumes.
The proposal stated that despite this staking activity, the rate at which DYDX was being staked to validators had reached a plateau. Additionally, dYdX mentioned that more than $140 million USDC is currently held in dYdX v4, with approximately $100 million of that amount arriving in the week leading up to the proposal.“As deposits grow, the incentive for malicious activity increases with it.
According to dYdX, their network architecture allows for scenarios where even a third of the voting power could potentially halt on-chain activities. Furthermore, if adversaries were to get two-thirds of the voting power, they could exploit the community’s and users’ funds.
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