DYDX Token Migration
Home →dYdX v3 Docs →How to Bridge Guide →dYdX Unlimited Docs →Trade →
  • START HERE
    • 🤝Introduction
    • 📄Legal Disclaimers
    • ❕Cessation of Support for the wethDYDX Smart Contract
  • Migration of DYDX from Ethereum to dYdX Chain
    • 🧱Migration & Bridge Overview
      • How to Bridge Guide
    • 📏wethDYDX and wethDYDX Smart Contract
    • 🏛️GovernanceStrategyV2 Smart Contract
    • 🌉TreasuryBridge Smart Contract
    • 👓Open-Source Bridge User Interface
    • 🪙Token Comparison
  • DYDX (dYdX Chain)
    • ⚙️Introduction
    • 🌉x/bridge module
    • 💾Bridge Daemon
  • EXTERNAL LINKS
    • wethDYDX Bridge Stats
    • Bridge ethDYDX to DYDX
Powered by GitBook
On this page
  • Community Treasury Allocation
  • TreasuryBridge Contract
  • Resources

Was this helpful?

  1. Migration of DYDX from Ethereum to dYdX Chain

TreasuryBridge Smart Contract

Overview of the TreasuryBridge Smart Contract

PreviousGovernanceStrategyV2 Smart ContractNextOpen-Source Bridge User Interface

Last updated 5 months ago

Was this helpful?

Community Treasury Allocation

The Community Treasury was initially allocated 5.0% of the token supply, with 766,703 ethDYDX vesting in the treasury each epoch. However, as a result of several governance proposals, this allocation gradually increased to 26.1% over time.

TreasuryBridge Contract

  • One time: rejects new vesting from the TreasuryVester Smart Contract by calling the setRecipient function on this contract to set the recipient to a burn address, and

  • Ongoing Basis: allows governance to bridge any amount of existing tokens in the community treasury or the rewards treasury (the current Treasury Smart Contract only allows transfer() and approve()).

Note, the TreasuryBridge smart contract is similar to the current corresponding Treasury Smart Contract except for the two differences referenced above.

Resources

In , the dYdX community voted to reduce Trading & Liquidity Provider Rewards on dYdX v3 by 1/3 for Epoch 30-31. After Epoch 31, there are no Trading & Liquidity Provider Rewards on dYdX v3.

On November 18, 2023, the dYdX community to bridge the ethDYDX balance accrued in the Community Treasury from Ethereum to dYdX Chain. Once bridged, the DYDX can be used by the dYdX community with a governance vote on dYdX Chain.

More information about the dYdX Chain Community Treasury is available .

Since the is immutable, an updated , TreasuryBridge Smart Contract was developed. The TreasuryBridge Smart Contract, was deployed for each of the community treasury and rewards treasury. The TreasuryBridge Smart Contract:

🌉
DIP 29
voted
TreasuryVester Smart Contract
Treasury Smart Contract
Github TreasuryBridge Smart Contract
Peckshield Audit Report
here