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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Note, proposal item 5 - wethDYDX will have the same governance and utility functions as Ethereum-based DYDX (“ethDYDX”) on dYdX v3 - requires an on-chain vote with the subject matter falling under the Long Timelock Executor.

Note, proposal item 5 - wethDYDX will have the same governance and utility functions as Ethereum-based DYDX ("ethDYDX") on 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://t.co/FBLMZATURn

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

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