🔓Privacy Policy

Last Updated July 21, 2022

I. General Information

In this Privacy Notice, we explain how we collect your personal data when you use our websites or any other websites, pages, features, or content we own or operate, obtain services from us, interact with us in relation with a contract, communicate with us, when you use any API that we developed or third-party applications relying on such an API, and related services or otherwise deal with us, what we do with your personal data, for what purposes and on what legal foundation we do so, and what rights you have on that basis. We use the word «data» here interchangeably with «personal data».

«Personal data» means any information relating to an identified or identifiable natural person («data subject»); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person; «sensitive personal data» is a subset of personal data and revealing e.g. racial or ethnic origin, political opinions, religious or philosophical beliefs, trade union membership, genetic data, biometric data, health data or data concerning a natural person's sex life or sexual orientation. «Processing» means any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organization, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure, or destruction.

If you provide information to us about any person other than yourself, you must ensure that the data is accurate and that they understand how their information will be used, and that they have given their permission for you to disclose it to us and for you to allow us, and our outsourced service providers, to use it in accordance with this Privacy Notice.

This Privacy Notice is aligned with the EU General Data Protection Regulation («GDPR») and the Swiss Data Protection Act («DPA»). However, the application of these laws may depend on each individual case.

II. Name and Address of the Responsible Person

Unless we tell you otherwise in an individual case, the responsible person for processing your data under this Privacy Notice («Controller») is:

dYdX Foundation

c/o Sielva Management SA

Gubelstrasse 11

6300 Zug, Switzerland

[email protected]

III. Categories of Data We Process

1. Overview

The processing of personal data is limited to data that is required to operate a functional website and for the provision of content and services. The processing of personal data of our users is based on the purposes agreed or on a legal basis and in accordance with the applicable terms in the Terms of Use. We only collect personal data that is necessary to implement and process our tasks and services or if you provide data voluntarily. Depending on the reason and purpose of the processing, we process different data about you.

2. Technical Data

When you use our websites, webpages, features, or content or other online offerings we own or operate, we collect the anonymized IP address of your terminal device and other technical data in order to ensure the functionality and security of these offerings. This data includes logs with records of the use of our systems which do not enable assignment to a specific user. We generally keep Technical Data until it is no longer necessary for the purpose for which it was collected.

In order to ensure the functionality of these offerings, we may also assign an individual code to you or your device. Technical data as such does not permit drawing conclusions about your identity. However, technical data may be linked with other categories of data (and potentially with your person) in relation with access controls or the performance of a contract.

Technical data includes

  • Anonymized IP address

  • Page view information and session information such as date of visit, length of visit, first visit, and user engagement

This may help us to provide an appropriate layout of the website or, for example, to display a sub-page for your region. We know through which provider you access our offerings (and therefore also the region) because of the IP address, but usually this does not tell us who you are. However, this changes for example when you create a user account, because personal data can then be linked with technical data (for example, we can know the browser you use to access an account through our websites).

3. Communication Data

When you get in contact with us via contact form, e-mail, telephone, chat, or by letter or other means of communication, such as answering a survey or apply for community initiatives via Google Forms, we collect the data exchanged between you and us, including your contact details and the metadata of the communication. If we have to confirm your identity, for example in relation to a request for information, a request for press access, etc., we collect data to identify you (for example a copy of an ID document). We generally keep Communication Data until it is no longer necessary for the purpose for which it was collected.

Communication data includes

  • Correspondence, such as your queries, feedback, questionnaire and other survey responses, and information you provide to our support teams.

4. Master Data

Master data is the basic data that we need, in addition to contract data (see below), for the performance of our contractual and other business relationships or for marketing and promotional purposes, such as name and contact details, and information about, for example, your role and function, your bank details, your date of birth, customer history, powers of attorney, signature authorizations and declarations of consent. We process your master data if you are a customer or other business contact or work for one (for example as a contact person of the business partner), or because we wish to address you for our own purposes or for the purposes of a contractual partner (for example as part of marketing and advertising, for invitations to events, for vouchers, newsletters, etc.). We receive master data from you (for example when you buy something on our websites), from parties you work for, or from third parties such as contractual partners, associations, and address brokers, and from public sources such as public registers or the internet (websites, social media, etc.). We generally keep Master Data until it is no longer necessary for the purpose for which it was collected.

Master data is not comprehensively collected for all contacts. Rather, the collection of master data depends on the individual case and purpose of the processing. In general, it may include:

  • your full name

  • address

  • anonymised IP address

  • e-mail address

  • telephone number and other contact details

  • gender

  • date of birth

  • nationality

  • data about related persons

  • social media profiles

  • photos and videos

  • copies of ID cards

  • details of your relationship with us (e.g., customer, supplier, visitor, service provider or service recipient, etc.)

  • details of your status, allocations, classifications, and mailing lists

  • Ethereum wallet address

  • details of interactions with you and your Ethereum wallet address

  • official documents (e.g., excerpts from the commercial register, permits)

  • payment information (e.g., bank details, account number and credit card data)

  • declarations of consent and opt-out information

With regard to customers, suppliers and partners, master data also includes information about the role or function in the company, qualifications and information about superiors, co-workers, and information about interactions with these persons.

5. Behavioral and Preference Data

Depending on our relationship with you, we try to get to know you better and to tailor our products, services and offers to you. For this purpose, we collect and process data about your behavior and preferences. We do so by evaluating information about your behavior and we may also supplement this information with third-party information, including from public sources. Based on this data, we can for example determine the likelihood that you will use certain services or behave in a certain way. The data processed for this purpose is already known to us (for example where and when you use our services), or we collect it by recording your behavior (for example how you navigate our websites). We anonymize or delete this data when it is no longer relevant for the purposes pursued. This period may be longer as for evidentiary purposes, to comply with legal or contractual requirements, or for technical reasons. We describe how tracking works on our websites in Section XIII.

Behavioral data includes information tracking technologies. We, and third parties we authorize, may collect information about the use of our services. We may share your information with service providers who help facilitate business and compliance operations such as marketing and technology services. Our contracts require these service providers to only use your information in connection with the services they perform for us and in compliance with all applicable laws. This information may include anonymized IP addresses, the accessed website, the date the website was accessed, the sub-pages accessed from the accessed website, the time spent on the website, and the frequency with which the website is accessed.

Preference data provides information on your needs, which products or services you might be interested in. We obtain this information by analyzing existing data, such as behavioral data, so that we get to know you better and can better tailor our products and services to you. Such data also contributes to a general improvement of our products and services. We combine this data with other data we obtain from third parties, such as address brokers, administrative offices and publicly available sources (e.g., the internet), such as information about your household size, income bracket and purchasing power, shopping behavior, contact data of relatives, and anonymous information from statistical offices.

Behavioral and preference data may be analyzed on a personally identifiable basis (for example to show you personalized advertising), but also on a non-identifiable basis (for example for market research or product development). Behavioral and preference data may also be combined with other data (for example, motion data may be used for contact tracing as part of a health protection concept).

6. Other Data

We also collect data from you in other situations. For example, data that may relate to you (such as files, evidence, etc.) is processed in connection with administrative or judicial proceedings. We do not access the webcams or microphones of our visitors without explicit consent. However, if you visit us at our premises or participate in any of our events we may obtain or create photos, videos and sound recordings in which you may be identifiable. We may also collect data about who enters certain buildings, and when or who has access rights (including in relation with access controls, based on registration data or lists of visitors, etc.), who participates in events or campaigns (e.g., competitions), and who uses our infrastructure and systems and when. We generally keep such data until it is no longer necessary for the purpose for which it was collected.

Much of the data set out in this Section is provided to us by you, e.g., through forms, in relation with communication with us, in relation with contracts, when you use the website, etc. You are not obliged or required to disclose data to us except in individual cases, for example within the framework of binding health protection concepts (legal obligations). If you wish to enter into contracts with us or use our services, you must also provide us with certain data, in particular master data, contract data and registration data, as part of your contractual obligation under the relevant contract. When using our websites, the processing of technical data cannot be avoided. If you wish to gain access to certain systems or buildings, you must also provide us with registration data. However, in the case of behavioral and preference data, you have the option of objecting or not giving consent.

We provide certain services to you only if you provide us with registration data, because we or our contractual partners wish to know who uses our services or has accepted an invitation to an event, because it is a technical requirement or because we wish to communicate with you. If you or the person you represent (for example your employer) wishes to enter into or perform a contract with us, we must collect master data, contract data and communication data from you, and we process technical data if you wish to use our websites or other electronic offerings for this purpose. If you do not provide us with the data necessary for the conclusion and performance of the contract, you should expect that we may refuse to conclude the contract, that you may commit a breach of contract or that we will not perform the contract. Similarly, we can only submit a response to a request from you if we process communication data and – if you communicate with us online – possibly also technical data. Also, the use of our websites is not possible without us receiving technical data.

7. Data From External Sources

We may get information about you from other sources, including public databases, as required or permitted by applicable law. We may combine the information collected from these sources with the information we get from you and/or from third parties to comply with our legal obligations and limit the use of the Services in connection with fraudulent or other illicit activities.

The categories of personal data that we receive about you from third parties include, in particular, information from public registers, information that we receive in relation with administrative and legal proceedings, information in relation with your professional functions and activities (so that we can, for example, conclude and process transactions with your employer with your assistance), information about you in correspondence and meetings with third parties, credit information (where we conduct business with you in a personal capacity), information about you that persons related to you (family, advisors, legal representatives, etc.) share with us so that we can conclude or perform contracts with you or involving you (for example references, your delivery address, powers of attorney, information about compliance with legal requirements such as those relating to fraud prevention and the combating of money laundering and terrorist financing, export restrictions, information from banks, insurance companies, sales and other contractual partners of us about your use or provision of services (for example payments, purchases, etc.), information from the media and the internet about the use or provision of services by you (for example payments made, purchases made, etc.), information from the media and the internet about you (where appropriate in a specific case, e.g. in the context of an application, marketing/sales, press review, etc.), your address and potentially interests and other socio-demographic data (especially for marketing and research purposes) and data in relation with the use of third-party websites and online offerings where such use can be linked to you).

IV. Purposes of the Processing

We process your data for the purposes explained below. Further information is set out in Sections XIII et seq for online services. These purposes and their objectives represent interests of us and potentially of third parties. You can find further information on the legal basis of our processing in Section V.

Communication

We process your data for communication purposes, in order to communicate with you, in particular, when you contact us, in order to respond to your queries or when you exercise your rights. For this purpose, we use in particular communication data, master data and registration data to enable us to communicate with you and provide our services or respond to requests. We keep this data to document our communication with you, for training purposes and quality assurance.

Performance of a Contract

We process your data for entering into a contract with you, perform and administer it. In particular, we process communication data, master data, and contract data about you. This might include data about third parties, e.g., if you use our services for the benefit of a third party. This also includes data about potential customers, that we receive from communication with you, on a trade fair, conference or any other business event. Regarding the conclusion of a contract, we use this data to assess your creditworthiness and to open up a business relationship with you. Administering and performing the contract with you might involve third parties, such as logistic companies, advertising service providers, banks, insurance companies or credit information providers in order to provide our services to you.

Safety or Security Reasons

We process your data to protect our IT and other infrastructure (e.g., employees, buildings). For example, we process data for monitoring, analysis and testing of our networks and IT infrastructures, including access controls.

Compliance with Law

We process your data to comply with legal requirements, e.g., health security concepts, money laundering and terrorist financing, tax obligations etc., and we might have to request further information from you to comply with such requirements or as otherwise required by law and legal authorities from time to time.

Risk Management, Corporate Governance and Business Development

We process your data as part of our risk management and corporate government in order to protect us from criminal or abusive activity. As part of our business development, we might sell businesses, parts of businesses or companies to others or acquire them from others or enter into partnerships or other arrangements and this might result in the exchange and processing of data based on your consent, if necessary.

V. Legal Basis for Processing your Data

Where we ask for your consent, we process your data based on such consent. You may withdraw your consent at any time with effect for the future by providing us written notice (e-mail sufficient); see our contact details in Section II. If you would like to withdraw your consent for online tracking, please see Section XI. Withdrawal of your consent does not affect the lawfulness of the processing that we have carried out prior to such withdrawal, nor does it affect the processing of your data based on other processing grounds. Where we do not ask for your consent, we process your data on other legal grounds, such as:

  • a contractual obligation;

  • a legal or regulatory obligation;

  • a vital interest of the data subject or of another natural person;

  • to perform a public task; and/or

  • a legitimate interest, which includes compliance with applicable laws and regulations and the marketing of our products and services, the interest in better understanding our markets and in managing and further developing our company, including its operations, safely and efficiently.

VI. Disclosure of Data to Third Parties and Social Plug-ins

In order to perform our contracts, fulfill our legal, regulatory and contractual obligations, protect our legitimate interests and the other purposes and legal grounds set out above, we may disclose your data to third parties, in particular to the following categories of recipients:

Service Providers

We may share your information with service providers and business partners around the world with whom we collaborate to fulfill the above purposes (e.g. IT providers, shipping companies, advertising service providers, security companies, banks, insurance companies, telecommunication companies, credit information agencies, address verification providers, legal advisers) or who we engage to process personal data for any of the purposes listed above on our behalf and in accordance with our instructions.

Contractual Partners Including Customers

In case required under the respective contract we share your data with other contractual partners. If we sell or buy any business or assets, we may disclose your data to the prospective seller or buyer of such business or assets to whom we assign or novate any of our rights and obligations.

Legal Authorities

If legally obliged or entitled to make disclosures or if it appears necessary to protect our interests, we may disclose your data to courts, law enforcement authorities, regulators, government officials or other legal authorities, in Switzerland or abroad, including in criminal investigations and legal proceedings (including alternative dispute resolution mechanisms).

Social Plug-ins

Our websites use social plug-ins to social media sites such as Twitter, Discord and Forums and integrate them as follows.

When you visit our websites, the social plugins are deactivated, i.e., no data is transmitted to the operators of these networks. If you want to use one of the networks, click on the respective social plug-in to establish a direct connection to the server of the respective network. If you have a user account on the network and are logged in when you activate the social plug-in, the network can associate your visit to our websites with your user account. If you want to avoid this, please log out of the network before activating the social plug-in. A social network cannot associate a visit to our websites until you have activated an existing social plug-in.

When you activate a social plug-in, the network transfers the content that becomes available directly to your browser, which integrates it into our websites. In this situation, data transmissions can also take place that are initiated and controlled by the respective social network. Your connection to a social network, the data transfers taking place between the network and your system, and your interactions on that platform are governed solely by the privacy policies of that network. The social plug-in remains active until you deactivate it.

If you click on the link to an offer or activate a social plug-in, personal data may reach providers in countries outside the European Economic Area that, from the point of view of the Switzerland or the European Economic Area (EEA), may not guarantee an adequate level of protection for the processing of personal data in accordance with Swiss and/or EU standards. Please remember this fact before clicking on a link or activating a social plug-in and thereby triggering a transfer of your data.

VII. Transfer of Data Abroad

As we have explained in Section VI, we disclose data to other parties, not all of them located in Switzerland or in the European Economic Area. Your data may be processed in the European Economic Area (EEA) and in exceptional circumstances also in countries outside the EEA and around the world, which includes countries that do not provide the same level of data protection as Switzerland and/or the EEA and are not recognized as providing an adequate level of data protection. We only transfer data to these countries when it is necessary for the performance of a contract or for the exercise or defense of legal claims, or if such transfer is based on your explicit consent or subject to safeguards that assure the protection of your data, such as the European Commission approved standard contractual clauses.

VIII. How Long We Keep your Data

We only process your data for as long as necessary to fulfill the purposes we collected it for, including for the purposes of complying with legal retention requirements and where required to assert or defend against legal claims, until the end of the relevant retention period or until the claims in question have been settled. Upon expiry of the applicable retention period, we will securely destroy your data in accordance with applicable laws and regulations.

IX. Security of your Data

We take appropriate organizational and technical security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorized way, altered or disclosed. However, we and your personal data can still become victims of cyber-attacks, cybercrime, brute force, hacker attacks and further fraudulent and malicious activity of third parties, including but not limited to viruses, forgeries, malfunctions and interruptions, which are out of our control and responsibility.

We have also put in place procedures to deal with any suspected personal data breach and will notify you and/or any applicable regulator of a breach where we are legally required to do so. We further maintain safeguards designed to protect the personal information we maintain against unauthorized access or disclosure. No system can be completely secure. Therefore, although we take steps to secure your information, we cannot guarantee that your information, searches, or other communication will always remain secure.

X. Use of Wallets and Tokens

Holders of DYDX tokens can link their wallets (https://dydx.community/dashboard) and stake or vote on on-chain proposals, but there is no registration process. We do not provide custody services for DYDX tokens or other blockchain-based tokens and have no access to wallets that you connect via our websites. You are solely responsible for all activity relating to any of your Ethereum network addresses, other blockchain network addresses, and/or cryptocurrency wallets.

XI. Your Rights

You have various rights in relation with our processing of your personal data, depending on the applicable data protection law:

Right of Access You have the right to request a copy of the personal data that we hold about you. There are exceptions to this right, so that access may be denied if, for example, making the information available to you would reveal personal data about another person, or if we are legally prevented from disclosing such information.

Right to Rectification

We aim to keep your personal data accurate, current, and complete. We encourage you to contact us to let us know if any of your personal data is not accurate or changes, so that we can keep your personal data up to date.

Right to Erasure

You have the right to require us to erase your personal data when the personal data is no longer necessary for the purposes for which it was collected, or when, among other things, your personal data has been unlawfully processed.

Right to Restriction

You have the right to ask us to restrict the processing of your personal information in certain circumstances.

Right to Data Portability

You have the right to ask that we transfer the personal information you gave us to another controller or to you, in certain circumstances.

Right to Withdraw Consent

Where we process data based on your consent, you have the right to withdraw your consent. Once we have received notification that you have withdrawn your consent, we will no longer process your information for the purpose(s) to which you originally consented unless there is another legal ground for the processing.

Complaints

If you believe that your data protection rights might have been breached, please let us know or contact the applicable supervisory authority.

XII. Right to Object

Under applicable data protection law, you have the right to object at any time to the processing of personal data pertaining to you under certain circumstances, in particular where your data is processed in the public interest, on the basis of a balance of interests or for direct marketing purposes.

If you would like to exercise the above mentioned rights, please contact us at [email protected] or using the contact details provided under Section II, unless otherwise specified or agreed. Please note that we need to identify you to prevent misuse, e.g., by means of a copy of your ID card or passport, unless identification is possible otherwise.

XIII. Tracking Tools

Based on your consent we use tracking tools to ensure a tailored design and the continuous optimization of our websites. We also use the tracking tools to statistically record the use of our websites and evaluate it for the purpose of optimizing the content we show you.

Like many companies online, we use services provided by Google and other companies that use tracking technology. These services rely on tracking technologies and web beacons to collect directly from your device information about your browsing activities, your interactions with websites, and the device you are using to connect to the Internet. There are a number of ways to opt-out of having your online activity and device data collected through these services, which we have summarized below:

  • Blocking advertising ID use in your mobile settings. Your mobile device settings may provide functionality to limit use of the advertising ID associated with your mobile device for interest-based advertising purposes.

  • Using privacy plug-ins or browsers.

XIV. Age Limitations

To the extent prohibited by applicable law, we do not allow use of the Services and Sites by anyone younger than 18 years old. If you learn that anyone younger than 18 has unlawfully provided us with personal data, please contact us at [email protected] and we will take steps to delete such information, close any such accounts, and, to the extent possible, prevent the user from continuing to use the Services.

XV. Updating and changing this Privacy Notice

Due to continuous development of our websites and the content available thereon, changes in law or regulatory requirements, we might need to change this Privacy Notice from time to time. Our current privacy notice can be found at our website and can be saved and printed out by you.

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