📑Allocations
Allocations for the $ethDYDX token.
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 Trading Rewards Formula,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 Liquidity Provider Rewards Formula(s),5.0% (
50,000,000 $ethDYDX
) to a Community Treasury,2.5% (
25,000,000 $ethDYDX
) to users staking $USDC to a Liquidity Staking Pool,2.5% (
25,000,000 $ethDYDX
) to users staking $ethDYDX to a Safety Staking Pool,
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, and7.0% (
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 Trading Rewards Formula,In DIP 16 and DIP 20, 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 governance vote.
In DIP 29, 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 Liquidity Provider Rewards Formula(s),In DIP 24, 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 governance vote.
In DIP 29, 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 Community Treasury,0.6% (
5,779,608 $ethDYDX
) to users staking $USDC to a Liquidity Staking Pool,In DIP 14, the dYdX community voted 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 governance vote.
0.5% (
5,289,939 $ethDYDX
) to users staking $ethDYDX to a Safety Staking Pool,In DIP 17, the dYdX community voted to set the rewards associated with staking $ethDYDX to 0. The 383,562 $ethDYDX previously distirbuted to $ethDYDX stakers will accrue in the Rewards Treasury and can be used by the dYdX community with a governance vote.
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, and7.0% (
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.
Liquid Supply Curve of $ethDYDX
On September 8, 2021, the initial transfer restrictions on the token was lifted.
The following chart shows the total liquid supply without inflation:
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