dYdX is a management token that allows the community to manage dYdX Layer 2. The token was deployed in Ethereum, its features are two strategies proposed by DeFi: short deals that allow you to profit from price cuts and loans with full collateral.

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The new @dYdX chain features novel tokenomics to incentivise traders, validators and stakers alike.

@charlesdhaussy goes over the governance process led by @dydxfoundation DAOs and how this shaped the launch of dYdX V4.

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