⬆️ @dYdX Economic Security, Decentralization, and Network Alignment. At 0 cost. Powered by stkDYDX. Let’s dive in 👇🏼 The dYdX community is making a crucial decision. 2 weeks ago, a ‘dYdX Community liquid staking with pSTAKE Finance’ forum discussion sparked the community's interest. An ample time for the community to weigh in and raise valuable opinions led to engaging discussions. Considering all feedback, the proposal to liquid stake 5M $DYDX tokens with pSTAKE is now live. What’s different, you say? 2 key things👇🏼 1️⃣ Decentralization stkDYDX’s biggest differentiator is its role in dYdX decentralization, which is much needed given the chain’s current Nakamoto coefficient of 3. How? Aligning validators with the network. $DYDX deposited on pSTAKE is delegated to > 75% of the validator set with individual validator weights optimized for decentralization. But how do pSTAKE contributors decide that? They don’t. An intelligent algorithm looks at on-chain data like voting power, governance participation, uptime, and more and essentially does the decentralization magic. No humans needed! Just code. Pretty dope! 2️⃣ 0 Cost The associated cost is a big concern for liquid staking tokens from the community treasury. Liquid Staking providers can charge fees up to 10%. But should a staking effort to improve the dYdX’s economic security come at a cost? Not with pSTAKE! The dYdX Community would be liquid staking 5M DYDX tokens with pSTAKE with 0% fees. That’s > $300,000 (at current prices) going back to the dYdX Community. To go one step further, pSTAKE will also share 20% of its non-community pool stkDYDX revenue with the dYdX Community. Pretty sweet! 🗣️ Re-live the discussions 👉🏼 https://dydx.forum/t/drc-dydx-community-staking-with-pstake-finance/2486/29 🗳️ Vote before 6 April 2024 👉🏼 https://www.mintscan.io/dydx/proposals/47