ethDYDX is undergoing a migration to dYdX Chain DYDX which unlocks expanded utility for the token. Read more information about the DYDX token migration. If you want to bridge ethDYDX to dYdX Chain DYDX, use the how-to-bridge guide. For a detailed overview of the new utility of dYdX Chain DYDX, read the Token Mechanics blog.
ethDYDX is undergoing a migration to dYdX Chain DYDX which unlocks expanded utility for the token. Read more information about the DYDX token migration. If you want to bridge ethDYDX to dYdX Chain DYDX, use the how-to-bridge guide. For a detailed overview of the new utility of dYdX Chain DYDX, read the Token Mechanics blog.
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Новини за dYdX (ethDYDX)
За dYdX (ethDYDX)
What Is DYDX (dYdX)?
ethDYDX is currently undergoing a migration to enable to the dYdX Chain. You can read more about the migration here. If you want to migrate ethDYDX to dYdX Chain DYDX, to enable staking, security and governance of the dYdX Chain you can use the how-to-bridge guide here.
If you want to read about the new token utility for dYdX Chain DYDX you can read the blog here
ethDYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol's future as a community.
Token holders are granted the right to propose changes on the dYdX’s layer 2, and are presented with an opportunity to benefit through token staking and trading fee discounts.
Built on Starkwire’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower minimum trade sizes on the protocol.
The exchange was founded in 2017 with over $10 million in seed venture capitalist funding and went live in 2019. DXDY token Initial coin offering (ICO) was on September 9th 2021.
Who Are the Founders of dYdX?
Antonio Juliano — an experienced programmer with a background in blockchain technology is the founder and CEO of DYDX. He first entered the crypto space in 2015 upon getting a job as a software engineer at Coinbase — a cryptocurrency exchange platform. As a Princeton University graduate with a degree in computer science, Antonio Juliano embarked on his entrepreneurial journey and founded dYdX in early 2017 .
What Makes dYdX Unique?
dYdX is a cryptocurrency exchange that combines advanced financial tools with decentralization. The platform supports margin trading — a financial product enabling investors to increase their exposure to digital assets through leverage. dYdX’s isolated margin allows users to assign particular funds in the account as part of a trade, while cross-margin utilizes all the assets a trader keeps on the platform. Perpetuals — a type of futures contract that does not have a predetermined selling date, is also available for trading on dYdX. The exchange currently offers a maximum of 20x leverage on synthetic assets.
dYdX Layer 2 increases scalability of the network through use of a form of zero-knowledge rollup — zkSTARKS. The technology receives proofs, while validating a batch of transactions off-chain. These proofs are then sent back to the blockchain, where they are verified by a smart contract. zkSTARKS makes it possible to remove expensive computations from the mainnet with no sacrifices in decentralization.
Together, with trading and liquidity provider rewards, dYdX introduces retroactive mining benefits, allowing the platform to show appreciation to historical users and incentivize them to trade on layer 2 protocol.
What is the allocation of ethDYDX?
A total of 1,000,000,000 ethDYDX have been minted, and started to become accessible over five (5) years, on August 3rd, 2021, at 15:00:00 UTC.
The five-year allocation of the total supply of ethDYDX was initially as follows:
27.7% is allocated to Investors
14.5% is allocated to User Trading Rewards
15.3% is allocated to Employees and Consultants of dYdX Trading or Foundation
5.0% is allocated to Retroactive Rewards
5.2% is allocated to Liquidity Provider Rewards
7.0% is allocated to Future Employees & Consultants of dYdX
24.2% is allocated to Community Treasury
0.6% is allocated to Liquidity Staking Pool
0.5% is allocated to Safety Staking Pool
Since the launch of ethDYDX, several governance proposals have resulted in changes to the initial allocation. The updated allocation as of the start of Epoch 28 (October 24, 2023) is reflected in the pie chart below.
The updated allocation of ethDYDX tokens as of the start of Epoch 28 (October 24, 2023) is as follows:
How Is the dYdX Network Secured?
DYDX is an ERC-20 token deployed on the Ethereum mainnet. dYdX’s layer 2 scaling solution is built on Starkwire’s ZK-STARKS technology and relies on Ethereum blockchain to verify transaction proofs.
When Will DYDX Trading Begin?
DYDX token first became available for purchase in September 2021.
Can DYDX Hit $50?
During the two instances of notable Bitcoin price drops over the month of September 2021, DYDX did not experience a considerable decrease in value. Furthermore, DYDX managed to double its value and went from $10.23 to $22.66 in a little over a month. Taking into account that dYdX is presently one of the leading decentralized exchanges that has already established itself in the crypto world, its newly released governance token has a good chance in maintaining the price growth and reaching $50.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, DYDX or any other token in CoinMarketCap education portal — Alexandria.
Migration to the dYdX Chain
On June 22, 2022, dYdX Trading Inc.(“dYdX Trading”) announced the next iteration of the dYdX protocol - the dYdX Chain Open Source Software. The dYdX Chain is a proof-of-stake blockchain network and, as such, it requires a Layer 1 (“L1”) protocol token for staking to validators in order to secure the chain and for stakers of the L1 token to govern the network. Holders of the L1 token can use their L1 tokens to run a validator or stake their tokens to a validator in order to participate in securing and governing the network.
The wethDYDX Smart Contract enables a potential migration of ethDYDX from Ethereum to the dYdX Chain.
When interacted with, the wethDYDX Smart Contract would carry out the following functions in a fully permissionless and automated manner:
Receive and permanently lock the ethDYDX tokens sent by the user to the wethDYDX Smart Contract;
Send a wrapped version of the Ethereum-based DYDX token (“wethDYDX”) to the user on a 1-1 proportional basis on Ethereum; and
dYdX Chain validators can also read and ingest the information in the wethDYDX Smart Contract such that corresponding DYDX can be distributed to users by validators on the dYdX Chain once there is confirmation that Step 1 above is complete and the ethDYDX is permanently locked in the wethDYDX Smart Contract.
More information about the migration of ethDYDX from Ethereum to dYdX Chain is available here.
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- 15.3% is allocated to Employees and Consultants of dYdX Trading or Foundation
- 7.0% is allocated to Future Employees & Consultants of dYdX Trading or Foundation
- 14.5% is allocated to User Trading Rewards
In DIP 16 and DIP 20, the dYdX community voted to reduce trading rewardsby a total of 2.3M $ethDYDX. (958,904 $ethDYDX from DIP 16 and 1,294,520 $ethDYDX from DIP 20). The 2.3M $ethDYDX will accrue in the Rewards Treasury and can be used by the dYdX community with a governance vote.
- 5.0% is allocated to Retroactive Mining Rewards
After Epoch 0, 24,690,803 unclaimed $ethDYDX from the Retroactive Mining rewards program were transferred to the Community Treasury.
- 5.2% is allocated to Liquidity Provider Rewards
In DIP 24, the dYdX community voted to reduce Liquidity Provider Rewards by 50% from 1,150,685 $ethDYDX per epoch to 575,343 $ethDYDX per epoch. The excess 575,342 $ethDYDX per epoch will accrue in the Rewards Treasury and can be used by the dYdX community with a governance vote.
- 24.2% is allocated to Community Treasury
- 0.6% is allocated to Liquidity Staking Pool
In DIP 14, the dYdX community voted to set the rewards associated with staking $USDC to 0. The 383,562 $ethDYDX previously distributed to $USDC stakers will accrue in the Rewards Treasury and can be used by the dYdX community with a governance vote.
-0.5% is allocated to Safety Staking Pool
In DIP 17, the dYdX community voted to set the rewards associated with staking $ethDYDX to 0. The 383,562 $ethDYDX previously distirbuted to $ethDYDX stakers will accrue in the Rewards Treasury and can be used by the dYdX community with a governance vote.
Note:
The token allocations for Investors, Employees and Consultants of dYdX Trading or Foundation are subject to transfer restrictions,
ethDYDX accruing in the Community and Rewards Treasury can be used by the dYdX community with a governance vote.
Out of the allocations stipulated above apprximately ~18.8% of total ethDYDX supply is currently in circulation.
Ценова информация за dYdX (ethDYDX) в реално време
Цената на dYdX (ethDYDX)на живо днес е BGN5.29 BGN с 24-часов обем на търговия от BGN399,441,889 BGN. Ние актуализираме нашата цена на ETHDYDX в BGN в реално време. dYdX (ethDYDX) е намалял с 5.78 % през последните 24 часа. Текущото класиране на CoinMarketCap е #93, с актуална пазарна капитализация от BGN972,216,229 BGN. Има циркулиращо предлагане от 183,765,523 ETHDYDX монети и макс. предлагане не е налично.
Най-добрите борси за търговия с dYdX (ethDYDX) в момента са Binance, OKX, Bybit, CoinTR Pro, и . Можете да намерите други, изброени на нашата .