Allocations
Allocations for the $ethDYDX token.
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Allocations for the $ethDYDX token.
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Allocations
A total of 1,000,000,000 $ethDYDX have been minted on August 3rd, 2021, at 15:00:00 UTC, and started to become accessible over five (5) years. The initial five-year allocation of the total supply of $ethDYDX was as follows:
50.0% (500,000,000 $ethDYDX) to the community as follows:
25.0% (250,000,000 $ethDYDX) based on the ,
7.5% (75,000,000 $ethDYDX) to past users who complete certain trading milestones on the Layer 2 protocol (Retroactive Mining Rewards),
7.5% (75,000,000 $ethDYDX) based on the ,
5.0% (50,000,000 $ethDYDX) to a ,
2.5% (25,000,000 $ethDYDX) to users staking $USDC to a ,
2.5% (25,000,000 $ethDYDX) to users staking $ethDYDX to a ,
27.7% (277,295,070 $ethDYDX) to past investors of dYdX Trading Inc.,
15.3% (152,704,930 $ethDYDX) to founders, employees, advisors, and consultants of dYdX Trading Inc. or dYdX Foundation, and
7.0% (70,000,000 $ethDYDX) to future employees and consultants of dYdX Trading Inc. or dYdX Foundation.
Since the launch of $ethDYDX, several governance proposals have resulted in changes to the initial allocation. Currently, the allocation includes:
50.0% (500,000,000 $ethDYDX) to the community as follows:
14.5% (144,693,506 $ethDYDX) based on the ,
In and , the dYdX community voted to reduce trading rewards by 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 .
In , the dYdX community voted to reduce trading rewards by ⅓ from Epoch 30-32 on dYdX v3 to the following values:
Epoch 30: 1,054,795 $ethDYDX
Epoch 31: 527,398 $ethDYDX
Epoch 32: 0 $ethDYDX
5.0% (50,309,197 $ethDYDX) to past users who complete certain trading milestones on the dYdX Layer 2 Protocol (Retroactive Mining Rewards),
After Epoch 0, 24,690,803 unclaimed $ethDYDX from the Retroactive Mining rewards program were transferred to the Community Treasury.
3.3% (32,794,525 $ethDYDX) based on the ,
In , 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 .
In , the dYdX community voted to reduce Liquidity Provider rewards by ⅓ from Epoch 30-32 on dYdX v3 to the following values:
Epoch 30: 383,562 $ethDYDX
Epoch 31: 191,781 $ethDYDX
Epoch 32: 0 $ethDYDX
26.1% (261,133,225 $ethDYDX) to the ,
0.6% (5,779,608 $ethDYDX) to users staking $USDC to a ,
In , the dYdX community 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 .
0.5% (5,289,939 $ethDYDX) to users staking $ethDYDX to a ,
In , the dYdX community to set the rewards associated with staking $ethDYDX to 0. The 383,562 $ethDYDX previously distributed to $ethDYDX stakers will accrue in the Rewards Treasury and can be used by the dYdX community with a .
27.7% (277,295,070 $ethDYDX) to past investors of dYdX Trading Inc.,
15.3% (152,704,930 $ethDYDX) to founders, employees, advisors, and consultants of dYdX Trading Inc. or dYdX Foundation, and
7.0% (70,000,000 $ethDYDX) to future employees and consultants of dYdX Trading Inc. or the dYdX Foundation.
Although the community allocation has been established as laid out above, $ethDYDX holders have full control via governance over how the community allocation is used going forward.
On September 8, 2021, the initial transfer restrictions on the token was lifted.
The following chart shows the total liquid supply without inflation:
Yes, the dYdX community can change any of the. So far, the dYdX community has voted to reduce DYDX emissions in several governance proposals:
In , the dYdX community in support of reducing trading rewards by 25%. As a result, trading rewards distributed in a given epoch were reduced from 3,835,616 $ethDYDX to 2,876,712 $ethDYDX in Epoch 15. The remaining 958,904 $ethDYDX will accrue in the Rewards Treasury and can be used by the dYdX community with a .
In , the dYdX community 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 .
In , the dYdX community to set the rewards associated with staking $ethDYDX to 0. The 383,562 $ethDYDX previously distributed to $DYDX stakers will accrue in the Rewards Treasury and can be used by the dYdX community with a .
In , the dYdX community 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 .
In , the dYdX community voted to reduce trading and LP rewards by ⅓ from Epoch 30-32 on dYdX v3 to the following values:
On January 25, 2023, dYdX Foundation an Amendment to postpone the initial release date of investor $ethDYDX tokens to December 1, 2023. The Amendment did not change the staggered unlock schedule after the Initial Unlock Date.
