Token Comparison
Overview of the potential functionality and utility of ethDYDX, stkDYDX, wethDYDX, and dYdX Chain DYDX
Ticker | ethDYDX | stkDYDX | wethDYDX | DYDX |
|---|---|---|---|---|
Chain | Ethereum | Ethereum | Ethereum | dYdX Chain |
Token Name | Ethereum DYDX | Staked DYDX | Wrapped Ethereum DYDX | DYDX |
Token Type | ERC-20 | ERC-20 | ERC-20 | [TBD] |
Utility | ✅Fee Discounts ✅Transferable | ✅Fee Discounts ✅Transferable | ✅Fee Discounts ✅Transferable | ✅ DYDX-denominated Transaction / Chain Gas Fees✅Transferable |
Governance/Voting | ✅v3 Governance Contracts + Protocol Param | ✅v3 Governance Contracts + Protocol Param | ✅v3 Governance Contracts + Protocol Param | ✅v4 Protocol Parameters + x/gov module |
Staking | ✅Safety Module | ✅Safety Module ✅Can be slashed by dYdX v3 governance | ❌ Safety Module | ✅v4 Validators |
Status | In circulation. | In circulation. | Adoption of wethDYDX to be determined by dYdX community through dYdX Governance in an on-chain governance vote. | v4 Validators to credit addresses on dYdX Chain (if and when deployed) with Cosmos-based DYDX; Governance rights determined by DYDX holders and/or v4 validators via hard fork. |
Amount | 1 Billion* | Max: 1 Billion* | Max: 1 Billion* |
*subject to dYdX governance