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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dYdX

🗳️ v4 Adoption & DYDX Token Migration

The dYdX community has voted in support of v4 Adoption and a potential DYDX Token Migration❗

✅ ~36M DYDX from 392 addresses
❌ ~43 DYDX from 4 addresses

https://snapshot.org/#/dydxgov.eth/proposal/0x17026e18317dc29fe745d3130246a83b1485612da9c97e7261e8f659cf33663c…

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🗳️=🧱⛓️+🌉
Through this snapshot, the dYdX community is deciding to use DYDX as the Layer 1 token for the upcoming dYdX Chain and Bridging to V4 ☑️