ethDYDX is undergoing a migration to dYdX Chain DYDX which unlocks expanded utility for the token. Read more information about the DYDX token migration. If you want to bridge ethDYDX to dYdX Chain DYDX use the how-to-bridge guide. For a detailed overview of the new utility of dYdX Chain DYDX read the Token Mechanics blog.

Rank #143

dYdX ETHDYDX Price

$2.09 -2.3%

0.00003384 BTC -0.2%

0.0007076 ETH 1.1%

On 65,524 watchlists

$2.05

24h Range

$2.15

Market Cap $562,015,101

Market Cap / FDV 0.57

Market Cap / TVL Ratio 1.7

24 Hour Trading Vol $35,551,555

Fully Diluted Valuation $989,257,283

Total Value Locked (TVL) $329,710,495

Fully Diluted Valuation / TVL Ratio 3.0

Circulating Supply 268,553,784

Total Supply 472,707,561

Max Supply 1,000,000,000

Ethereum-based DYDX (ethDYDX) Tokenomics

Learn more about ethDYDX tokenomics and view project details below

What is the allocation for ethDYDX?

Since the launch of ethDYDX, several governance proposals have resulted in changes to the initial allocation. The updated allocation as of the start of Epoch 28 is reflected in the pie chart below.

The updated allocation of ethDYDX tokens as of the start of Epoch 26 is as follows:

27.7% is allocated to Investors
14.5% is allocated to User Trading Rewards
15.3% is allocated to Employees and Consultants of dYdX Trading or Foundation
5.0% is allocated to Retroactive Rewards
5.2% is allocated to Liquidity Provider Rewards
7.0% is allocated to Future Employees & Consultants of dYdX Trading or Foundation
24.2% is allocated to Community Treasury
0.6% is allocated to Liquidity Staking Pool
0.5% is allocated to Safety Staking Pool

Potential Migration of Treasuries to the dYdX Chain

Currently, 24.2% of the total token supply of ethDYDX, which amounts to 241,735,862 ethDYDX, is allocated to the Community Treasury. This allocation is designed to sustainably support contributor grants, community initiatives, liquidity mining, and other assorted programs.

The dYdX community through dYdX v3 governance has voted to migrate the vested balance of ethDYDX in the Community and Rewards Treasury to the dYdX Chain. More information is available here.

What is the supply schedule for ethDYDX?

ethDYDX vesting schedule

A total of 1,000,000,000 ethDYDX have been minted, and started to become accessible over five (5) years, starting on August 3rd, 2021, at 15:00:00 UTC.

Starting five years after launch, a maximum perpetual inflation rate of 2% per year may be utilized by governance to increase the supply of ethDYDX, ensuring the community has the resources to continue the development and growth of the Protocol. Inflation must be enacted via a governance proposal and is capped at 2% per year.

Source: Project Team

Last Updated: 3 Nov 2023

Disclaimer: Please note that the dates and unlock values may differ from the above information. Should you have the latest info for your project, feel free to contact us via https://support.coingecko.com/.

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