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dYdX Chain will distribute all protocol fees to validators and stakers
2023-10-27 13:15
Odaily News dYdX Chain will distribute all protocol fees, including USDC-denominated transaction fees and DYDX-denominated Gas fees, to validators and stakers. A spokesperson for the dYdX Foundation said that the chain’s security incentives do not rely on token inflation like other blockchains, but instead will be funded through fees collected from USDC and distributed to validators and stakers. In the current alpha stage, the goal of the mainnet is mainly to stress test the network and onboarding validators. It is planned to wait for the approval of the community governance vote to launch the beta version, which will eventually enable network transactions. (The Block)