Anchorage Digital, a leading institutional crypto platform, has recently announced its support for native DYDX staking. This development allows institutions to stake DYDX directly from their secure custody at Anchorage Digital and earn staking rewards distributed in USD Coin (USDC).
As the home of the only federally chartered digital asset bank, Anchorage Digital offers a variety of crypto services, including custody and staking. The platform has been a preferred partner for crypto innovators, supporting ethDYDX custody since its mainnet launch in 2021 and native DYDX custody since the dYdX Chain’s launch in Q4 of the same year.
With the expansion of staking support, Anchorage Digital is taking a significant step towards facilitating safe and secure institutional involvement in the dYdX ecosystem. Nathan McCauley, CEO and Co-Founder of Anchorage Digital, expressed his excitement about this development, highlighting the potential for institutional participation in the dYdX ecosystem.
Clients using Anchorage Digital can now easily stake DYDX to earn rewards, with both the DYDX tokens and staking rewards securely held in custody on the platform. This integration of native DYDX staking by Anchorage Digital marks a new era of institutional engagement with dYdX, as stated by Charles d’Haussy, CEO of dYdX Foundation.
The dYdX Chain, a leading decentralized finance protocol focusing on perpetual futures, is entirely decentralized and community-governed. Anchorage Digital’s integration of staking support for native DYDX enhances institutional interest in the protocol by providing secure and regulated custodial services. This partnership offers a compliant staking solution for DYDX token holders, driving institutional adoption and contributing to the growth of the ecosystem.
