ETHDYDX

dYdX (ethDYDX) price
ETHDYDX
#228

$1.80  

3.42% (1d)

ethDYDX, a governance token for the dYdX v3 protocol, is undergoing a migration to dYdX Chain DYDX; currently, approximately 75% of all ethDYDX have been bridged to the dYdX Chain and converted into DYDX. If you have ethDYDX and want to convert your tokens into DYDX, read this how-to-bridge guide. For a detailed overview of the functionalities of dYdX Chain DYDX, read the dYdX Foundation’s Token Mechanics blog.

dYdX (ethDYDX) to USD Chart

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DYdX (ethDYDX) statistics

Market cap
$396.05M

3.42%

Volume (24h)
$121.77M

13.80%

FDV
$663.18M
Vol/Mkt Cap (24h)
30.75%
Total supply
367.71M ETHDYDX
Max. supply
--
Circulating supply
219.60M ETHDYDX
ETHDYDX to USD converter
ETHDYDX
USD
Price performance
24h 
Low
$1.74
High
$1.96
All-time high
Sep 30, 2021 (3 years ago)
$27.78
-93.51%
All-time low
Sep 08, 2021 (3 years ago)
 
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ethDYDX, a governance token for the dYdX v3 protocol, is undergoing a migration to dYdX Chain DYDX; currently, approximately 75% of all ethDYDX have been bridged to the dYdX Chain and converted into DYDX. If you have ethDYDX and want to convert your tokens into DYDX, read this how-to-bridge guide. For a detailed overview of the functionalities of dYdX Chain DYDX, read the dYdX Foundation’s Token Mechanics blog.

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About dYdX (ethDYDX)

What Is DYDX (dYdX)?

Ethereum-based DYDX ($ethDYDX) is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol built on Ethereum ("dYdX v3"). ethDYDX is currently undergoing a migration from Ethereum to the dYdX Chain. More information is available here. If you want to migrate ethDYDX to dYdX Chain DYDX, to enable staking, security and governance of the dYdX Chain you can follow 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 built on Ethereum. By enabling shared control of dYdX v3, ethDYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced dYdX v3.

Built on StarkWare’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.

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.

Who Are the Founders of dYdX?

What Makes dYdX Unique?

What is the allocation of ethDYDX?

How Is the dYdX Network Secured?

When Will DYDX Trading Begin?

Where Can You Buy DYDX?

Migration to the dYdX Chain

- 14.5% (144,693,506 $ethDYDX) based on the Trading Rewards Formula

- 5.0% (50,309,197 $ethDYDX) is allocated to Retroactive Mining Rewards

- 3.2% (31,643,838 $ethDYDX) based on the Liquidity Provider Rewards Formula(s)

- 0.6% (5,779,608 $ethDYDX) to users staking $USDC to a Liquidity Staking Pool

-0.5% (5,289,934 $ethDYDX) to users staking $ethDYDX to a Safety Staking Pool

Note:

 
 
 
 
 
 

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