Summary
TLDR: Stride proposes that the dYdX community stake 20M DYDX to increase network security. Rewards from staking will be auto-compounded, with 90% going to the community treasury. Proposal aims to diversify treasury and manage staking responsibilities through Stride. Signaling post to go live on March 19.
Key Points
1. 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.
2. The purpose of the proposal is to increase the economic security of the chain and redistribute stake weight among validators.
3. The proposal suggests that through Stride, the community would only need to agree on a total amount to stake, with all other responsibilities such as validator selection and compounding rewards being managed through the protocol.