$0.12170000

DYDX is a governance token designed to let the dYdX community genuinely steer the dYdX Layer 2 Protocol ("the protocol"). By sharing oversight of the protocol, DYDX helps traders, liquidity providers, and dYdX partners coordinate to improve the Protocol.

DYDX supports a broader ecosystem focused on governance, rewards, and staking-efforts intended to strengthen dYdX’s growth and decentralization, ultimately giving users a better experience. 

Staking pools are built to encourage liquidity and safety across the Protocol. Reward initiatives covering trading, liquidity provision, and prior use of dYdX are intended to promote growth and adoption of dYdX.

Along with the launch of DYDX, we also introduced:

A governance product at dydx.communityLiquidity Staking Pool for USDCSafety Staking Pool for DYDXTrading RewardsRetroactive Mining Rewards for past usersLiquidity Provider Rewards

dYdX on-chain governance makes it possible to:

Vote on proposals that can be run by any authorized executor contractCapture token holdings via snapshot at the beginning of a proposalDelegate voting and proposing abilities independentlySet governance requirements, including proposal, quorum, and vote differential powersModify how votes are counted (by updating the “Governance Strategy” smart contract address on the Governor contract)