dYdX
Blockdaemon supports dYdX, a Cosmos SDK-based blockchain using CometBFT for consensus. DYDX tokens are the main protocol tokens for dYdX Chain. dYdX token holders can stake or run a Validator to participate in securing and governing the network.
Below is the key specific information about dYdX.
| Parameters | dYdX |
|---|---|
| Minimum Staking Amount | 1 DYDX. |
| Bonding Time | - |
| Unboding Time | 30 days. |
| Slashing Risk | There are risks involved for stakers: - Downtime refers to any period when a validator is offline and unable to produce blocks or validate transactions. During this period, there will be jail time, and no rewards can be earned. - Double-signing occurs when a validator signs conflicting blocks, which causes instability and unpredictability in the network. This leads to the validator's removal from the validator set, and they will no longer be able to earn rewards again. |
| Staking Rewards | Staking rewards must be claimed manually. Rewards are distributed in both USDC and DYDX tokens, but USDC cannot be automatically converted to DYDX. |
| Rewards Distribution | You earn rewards proportional to your fees paid divided by the total fees paid by all traders during that epoch. Rewards begin to accrue after 1 block (~1 second). |
| Inflation Rate | The perpetual inflation rate is fixed at a maximum of 2% per year. |
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Updated 8 days ago