Multichain liquid staking protocol Stride is proposing that the dYdX community participate in securing its network through staking 20M DYDX ($67 million) from its community pool with Stride 2’s liquid staking protocol.

The proposal’s purpose is to enable dYdX community members to increase the economic security of the chain and redistribute stake weight among validators.

According to the proposal, the dYdX chain currently has around 115 million DYDX ($388 million) staked even though the liquid supply of the token is over 320 million DYDX ($1.08 billion). 

Read more: Liquid staking is now live on dYdX chain

Additionally, the proposal notes that there has been a plateau in DYDX token…

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