# DragonStake Proposals on dYdX Chain and DYDX Tokenomics **URL:** \ **Category:** dYdX Chain\ **Created:** [October 27, 2024, 3:46pm UTC](https://dydx.forum/t/dragonstake-proposals-on-dydx-chain-and-dydx-tokenomics/3105 "2024-10-27T15:46:19Z")\ **Posts on this page:** 1\ **Showing post:** 2
**Author:** ![cryptoplaza](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/cryptoplaza/32/1623_2.png) [@cryptoplaza](https://dydx.forum/u/cryptoplaza)\ **Post date:** [October 28, 2024, 1:27pm UTC](https://dydx.forum/t/dragonstake-proposals-on-dydx-chain-and-dydx-tokenomics/3105/2 "2024-10-28T13:27:01Z")
We are reintroducing this proposal, which we put forward months ago, because we believe it should be a strategic element in the Tokenomics redesign. Additionally, we think it could be a significant driver for creating long-tail markets. **ETH Collateral and Stablecoin product like Ethena** The opportunity to create a Cash & Carry product, as demonstrated by Ethena, is truly profitable. I believe the project can currently launch a similar product that could generate significant revenue and make long-term leverage much more efficient. If we’re late, it will be Ethena launching a derivatives exchange that will compete with dYdX. > [@ETH Collateral in dYdX](https://dydx.forum/t/eth-collateral-in-dydx/2823): > > At Crypto Plaza / Dragon Stake validator, we are making this proposal for the protocol, which we believe can have a very positive impact on its development --- _[View the full topic](https://dydx.forum/t/dragonstake-proposals-on-dydx-chain-and-dydx-tokenomics/3105)._