Anchorage Digital, an institutional crypto platform, has announced support for native DYDX staking, according to the information shared with Finbold on May 14.
The development allows institutions to stake DYDX directly from their secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USD Coin (USDC).
Anchorage Digital crypto services
Home of the only federally chartered digital asset bank, Anchorage Digital offers a range of crypto services, including custody and staking.
Moreover, serving as the preferred partner for crypto innovators, Anchorage Digital has been supporting ethDYDX custody since its mainnet launch in 2021 and native DYDX custody since the dYdX Chain’s launch in Q4 of the same year.
With the staking support expansion, Anchorage Digital takes a significant step forward in facilitating safe and secure institutional involvement in the dYdX ecosystem.
Nathan McCauley, CEO and Co-Founder of Anchorage Digital, remarked
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