dYdX (DYDX)
3.96%
$ 0.197323
$ 0.007814
⇣ 0.193363
16 Jan
⇡ 0.205478
What is dYdX (DYDX)?
DYDX is a token that enables the dYdX community to govern its layer 2 protocol. DYDX facilitates joint control of the protocol, allowing traders, liquidity providers, and dYdX partners to collaboratively work on an advanced protocol. DYDX holders have rights such as proposing and voting on protocol changes, earning staking rewards, and benefiting from transaction fee discounts.
DYDX staking pools are designed to incentivize liquidity and security within the protocol. Trading, providing liquidity, and reward programs based on past usage of dYdX contribute to the growth and adoption of dYdX.
DYDX staking pools are designed to incentivize liquidity and security within the protocol. Trading, providing liquidity, and reward programs based on past usage of dYdX contribute to the growth and adoption of dYdX.
What is the dYdX Platform?
The dYdX platform allows users to connect with their wallets and perform transactions; it supports borrowing, leverage trading, and opening futures positions. Operating on the Ethereum Blockchain and managed through smart contracts, this decentralized platform facilitates margin trading.
DYDX Supply
A total of 1,000,000,000 DYDX tokens have been minted, available from August 3, 2021, over a period of 5 years. The current circulating supply is 55,680,000 DYDX. The first 5-year allocation of the total DYDX supply is as follows:
Starting five years after the launch, a maximum continuous inflation rate of 2% per year can be used by governance to increase the DYDX supply, ensuring the community has resources to sustain the development and growth of the Protocol. Inflation has been legalized through a governance proposal and is limited to 2% per year.
Although the community allocation is established as mentioned above, DYDX owners have full control through governance over how the community allocation will be used moving forward.
• 50% to the community (500,000,000 DYDX)
• 27.73% to past investors (277,295,070 DYDX)
• 15.27% to founders, employees, advisors, and consultants of dYdX Trading or Foundation (152,704,930 DYDX)
• 7% to future employees and consultants of dYdX Trading or dYdX Foundation (70,000,000 DYDX)
• 27.73% to past investors (277,295,070 DYDX)
• 15.27% to founders, employees, advisors, and consultants of dYdX Trading or Foundation (152,704,930 DYDX)
• 7% to future employees and consultants of dYdX Trading or dYdX Foundation (70,000,000 DYDX)
Starting five years after the launch, a maximum continuous inflation rate of 2% per year can be used by governance to increase the DYDX supply, ensuring the community has resources to sustain the development and growth of the Protocol. Inflation has been legalized through a governance proposal and is limited to 2% per year.
Although the community allocation is established as mentioned above, DYDX owners have full control through governance over how the community allocation will be used moving forward.
Can New DYDX Tokens Be Minted?
Starting five years after the launch, a maximum continuous inflation rate of 2% per year will be applied to increase the DYDX supply, ensuring the community has the resources to continue contributing to the dYdX layer 2 protocol.
From July 14, 2026, at 15:00 onwards, dYdX governance will be able to decide on the maximum supply of new tokens to be minted up to the annual maximum inflation rate of 2%. Only one issuance will be possible within a specific 365-day period. All newly minted tokens will be allocated by governance.
From July 14, 2026, at 15:00 onwards, dYdX governance will be able to decide on the maximum supply of new tokens to be minted up to the annual maximum inflation rate of 2%. Only one issuance will be possible within a specific 365-day period. All newly minted tokens will be allocated by governance.
dYdX (DYDX)
3.96%
$ 0.197323
$ 0.007814
⇣ 0.193363
16 Jan
⇡ 0.205478
