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dYdX

DYDX

About

dYdX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.

$642,300,289

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+19.72%

$13.05

Reward Options
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Participating
Stake dYdX in Safety Pool
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Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 DYDX

Est. Yearly Earning

$0

0 DYDX

FAQ's

  • What is dYdX?

    DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol (“the protocol”). By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol.

    DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users.

    Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

  • How to Stake dYdX?

    Start staking at dydx.community/dashboard/pools/safety

    User safety and protection have been a key focus since the launch of the Protocol. For that reason, DYDX will be distributed to users who stake DYDX to the safety pool to create an additional safety net for users of the Protocol. Stakers will receive DYDX continuously proportional to their portion of the total DYDX in the pool.

    The Safety pool will go live upon DYDX becoming transferrable on September 8th, 2021, 15:00 UTC.

    Stakers must request to withdraw funds at least 14 days (Blackout Window) before the end of the epoch in order to be able to withdraw funds after the end of that epoch. If stakers do not request to withdraw, their staked DYDX is rolled over into the next epoch.

  • How much can I earn Staking dYdX?

    2.50% of the initial token supply (25,000,000 DYDX) will be distributed to users staking DYDX to a Safety pool for backstopping the system.

    DYDX staked in the Safety Module retains its proposing and voting rights, as well as delegation abilities.

  • Any risks to Staking dYdX?

    Staked DYDX may be slashed as a result of a shortfall event. Slashing occurs at the discretion of DYDX governance, and requires a governance vote to enact.

    Like participants in any DeFi protocol, stakers in the Safety Module are exposed to smart contract risk if there is a vulnerability in the underlying smart contract code. All DYDX & governance smart contracts have been audited and rigorously tested.

Last updated: 2021-09-21 06:27:33