👋Introduction

An overview of the ethDYDX token and governance.

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 the wethDYDX Smart Contract. 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 here.

$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.

📑Allocations🤝Community Treasury📊Trading Rewards