Introduction
An overview of the ethDYDX token and governance.
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An overview of the ethDYDX token and governance.
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ethDYDX is a governance token for the dYdX community, granting shared control over the dYdX Layer 2 Protocol on Ethereum ("dYdX v3"). This allows traders, liquidity providers, and partners to collaborate in enhancing the protocol.
Wrapped Ethereum DYDX ($wethDYDX) is a wrapped version of ethDYDX obtained when a user interacts with . More details about the wethDYDX token and the potential migration of ethDYDX from Ethereum to the dYdX v4 Open-Source Software ("dYdX Chain") can be found .
$ethDYDX and $wethDYDX enable a robust ecosystem around governance and rewards — each designed to drive future growth and decentralization of dYdX v3, resulting in a better experience for users.