dYdX Protocol Fee Distribution Update
dYdX Protocol Fee Distribution Update
馃殌 dYdX Shakes Things Up
dYdX, a decentralized exchange protocol, has announced a significant change in its fee distribution model. Starting October 1, 2024:
- 100% of protocol fees will be distributed to $DYDX token stakers
- This marks a shift in the protocol's tokenomics
- The change aims to incentivize long-term holding and participation
This move could potentially increase the value proposition for $DYDX token holders. However, it's important to note that cryptocurrency investments carry risks, and users should conduct their own research before making financial decisions.
For more details on how this change might affect you, visit the official dYdX website or consult with a financial advisor.
100% of protocol fees distributed to $DYDX stakers. Just saying.
Critical DYDX Bridge Migration Deadline Approaching
**Important Notice**: Over 110M ethDYDX tokens remain unmigrated to native $DYDX on the dYdX Chain. @NethermindEth has proposed to discontinue bridge support in approximately 45 days. After this deadline, **unbridged tokens may become non-convertible**. Key Information: - Proposal details: [View on Mintscan](https://www.mintscan.io/dydx/proposals/189) - Migration guide: [How to Bridge](https://www.dydx.foundation/how-to-bridge/overview) **Action Required**: Token holders should complete migration before the bridge closure to maintain token convertibility.
dYdX Market Updates: April 2025
dYdX continues expanding its market offerings through Instant Market Listings. Recent additions include: - AERGO (now fully tradable) - WalletConnect (WCT) - Babylon Labs (BABY) - Ampleforth (FORTH) - TROY DAO - Steemit (STEEM) - Neo Blockchain (GAS) - BadgerDAO - NodePay (NC) The platform now features over 300 launchable markets with instant liquidity through MegaVault integration. Users can list and trade new markets immediately after launch with built-in liquidity support.
dYdX Foundation CEO Joins The Zeall Show for DeFi Discussion
Charles Haussy, CEO of dYdX Foundation, is featured on The Zeall Show hosted by @0xa8l for an in-depth discussion about decentralized finance (DeFi). This follows a series of high-profile DeFi conversations on the platform, including a recent interview about DeFi options with Stryke and Orange Finance. The live discussion aims to explore: - Current state of DeFi - dYdX's role in the ecosystem - Future developments in decentralized trading Watch the live stream to gain insights from one of DeFi's leading voices.
dYdX Launches Avalanche Network Support for AVAX and USDC
dYdX has expanded its network support to include Avalanche, enabling instant deposits and withdrawals for both AVAX and USDC tokens. Users can now: - Deposit AVAX directly via Avalanche network - Deposit USDC via Avalanche network - Withdraw funds directly to Avalanche addresses The integration provides faster transaction speeds and additional network options for dYdX users. Access these features at [dYdX Trading Platform](https://dydx.trade/trade/BTC-USD).
dYdX Launches Mobile App with 50x Leverage Trading
dYdX has released a new mobile trading app designed to simplify DeFi trading access. Key features include: - Up to 50x leverage trading capability - One-tap trading automation - Streamlined user interface for seamless experience - Built for both new and experienced DeFi traders The app aims to make decentralized perpetual trading more accessible through mobile devices. Users can download the app directly through the official link: [dYdX Mobile App](http://dydxchain.onelink.me/1DP4/im483xhe)