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The community of decentralized crypto platform dYdX has approved the staking of tokens worth around $60 million.

The dYdX community has allowed the staking of 20 million dYdX tokens to enhance the network’s security.

The project’s founder, Antonio Juliano, said, “The returns generated from transaction fees will be used to buy back DYDX, which will later be returned to the treasury by Stride.”

Stride, the provider of staking services, expects the approved plan, with 91% of the vote, to improve the “economic security” of dYdX.

The DYdX network experienced disruption during a planned update today. Engineers announced that the issue is still being investigated.

According to CoinGecko data, DYDX gained more than 4% in value on a daily basis despite this.

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