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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We recently added custody support for @dYdX (DYDX_CHAIN).

Note that existing Ethereum-based DYDX holders can custody both @dYdX tokens, including bridging their DYDX tokens to DYDX_CHAIN as part of @dYdX 's migration to its own native blockchain on the Cosmos SDK.