Hedgies

Hedgies

Meet a very special group of small, spiny mammals who love nothing more than trading perpetuals. Each of the 4,200 Hedgies will make its way home to a trader, voter, or supporter of the dYdX community. Each user holding a Hedgie will also receive a one tier increase in $DYDX fee tier discount on the…

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Price Movement

0.049
-23.9%

$189.93

1 DAY7 DAYS30 DAYS

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Market Stats

Items
4,177
Holders
2,403
Unique Owners
57.5%
Total Volume
4,167.2 ETH
Volume (24 H)
0.2 ETH
-0%

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Hedgies
Hedgies tristan_12345#0

@Verified


Over 1.1M USDC staking rewards have been distributed to over 5.9k Stakers on the dYdX Chain


Through the Mintscan dYdX Chain dashboard you can view the USDC distribution per Validator 🤝


https://mintscan.io/dydx/dydx-analytics/rewards

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


🎅🏽 Merry Christmas from the dYdX Foundation 🎄


May your holidays be filled with moments of love and laughter, and may the year ahead be joyful and prosperous ☃️

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


🗳️ Amend the DGP and DOS Trust Instruments


The dYdX community has voted in support of amending each of the DGP and DOS Trust Instruments!


https://snapshot.org/#/dydxgov.eth/proposal/0x5ed0465ba58b442f1e671789797d5e36b538a27603549639a34f95451b59ad32


Vote results:
✅ 61.7M ethDYDX/wethDYDX (100%)
❌ 31 ethDYDX/wethDYDX (0.00%)


Next Steps:
➡️ This proposal doesn't require on-chain changes, so this Snapshot vote is the final and binding vote.
➡️ Each of the DGP and DOS' Trust Instruments will be amended to integrate the dYdX v4 governance module as a consent mechanism for future proposals.

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Don’t miss the Weekly Governance Recaps, after the Launch of Full trading on the dYdX Chain the dYdX Forum is packed with meaningful community discussions and contributions ✨


Sign up to the forum 👉 https://dydx.forum/


💡Chaos Labs created a new post titled; ‘Update on Trading Activity Points in dYdX Launch Incentives Program’
View the post
https://dydx.forum/t/update-on-trading-activity-points-in-dydx-launch-incentives-program/1830


🖊️ RoboMcGobo created a new post for @Grants subDAO, titled; ‘dYdX Grants Program - November 2023 Update’
Read the update
https://dydx.forum/t/dydx-grants-program-ama-discussion/1773


👀 There is updates to a proposal created by Callen titled; ‘[DRC] Seed Insurance Fund’
Read the updates
https://dydx.forum/t/drc-seed-insurance-fund/1750/14


⛓ There is updates to a post created by Nqd.syncvote titled; ‘Proposal: Solution to Improve DAO Governance Efficiency’
Read the updates
https://dydx.forum/t/proposal-solution-to-improve-dao-governance-efficiency/1800/6


If you want to participate in governance, engage in discussions and stay up to date with the latest forum topics
https://dydx.forum


Thread : https://twitter.com/dydxfoundation/status/1738329669122793694

5 months agoRead more
Hedgies
Hedgies joshdydx#0

@Verified


🗳️ Add New Market: TIA


The dYdX community has voted in support of adding $TIA to dYdX Chain!


Vote results:
⚡️ +90% turnout (49 out of 60 Active Set validators & 695 accounts voted)
✅ 99.9% yes | ❌ 0.0% no | ➡️ 0.1% abstain votes


https://www.mintscan.io/dydx/proposals/5


The TIA-USD trading pair is now available:
https://dydx.trade/?utm_source=dydx-website#/trade/TIA-USD


📖 More information about adding new markets to dYdX Chain is available here: https://v4-teacher.vercel.app/governance/proposinganew_market

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


Epoch 30 has concluded and Epoch 31 has started, below we outline some of the most significant data points from Epoch 30 🦔🦔


✅ In Epoch 30 there were 1,857 Unique Depositors. $27.5B in Cumulative Volume and $350M in Open Interest.
✅ Average Daily Volume ended at $981M
✅ 5.6k unique wallets earned 1.438M ethDYDX in Epoch 30. As per the DIP 29, The Trading and LP rewards will be reduced further in Epoch 31 to 719K ethDYDX.

✅ Net Deposits/Withdrawals ended with -$151.7M. Fee’s paid has finished at $8.3M.


Governance Proposals;
1️⃣ Amend DGP and DOS Trust Instrument Vote
The dYdX community is contemplating updating the definition of dYdX Consent within the Trust Instruments for both the dYdX Operations Trust (DOT) and the dYdX Grants Trust (DGP). This vote is currently live on Snapshot and will end on Dec 23, 2023 at 15:39 UTC.
2️⃣ Add TIA-USD to dYdX Chain
On December 18, Amber created a dYdX Chain proposal to add the TIA-USD trading pair to dYdX Chain, which is also intended to help the dYdX community understand the process required to add a new asset to dYdX Chain. This proposal is currently live on dYdX Chain and will end on Dec 22, 2023 at 13:49 UTC.
3️⃣ *Seed Insurance Fund *
On December 19, 2023, the dYdX community voted to seed the dYdX Chain Insurance Fund by transferring 382,025 DYDX to Wintermute from the dYdX Chain Community Treasury, in exchange for 1,015,480 USDC.


⛓️ dYdX Foundation Announced the Staking Delegation based on the Stake Delegation Principles 👇
https://www.dydx.foundation/blog/staking-delegation
💰 Read the dYdX Foundation’s Deep Dive on Rewards and Fees on the dYdX Chain 👇
https://www.dydx.foundation/blog/understanding-rewards-and-fees-on-the-dydx-chain


Link to the blog; https://dydx.foundation/blog/epoch-30-review
Link to Thread; https://x.com/dydxfoundation/status/1737806936072998930
Link to Download; https://drive.google.com/file/d/1iiu3p-WTceP0RImJOF23LgTm6Z_aK5Rj/view?usp=sharing

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified @Validator


🚨 Vote Reminder 🚨


🗳️ Should the Community add TIA as new market on the dYdX Chain?


https://www.mintscan.io/dydx/proposals/5


Vote ends Dec 22, 2023 at 13:49 UTC (~in 2 days) ⏳


This proposal seeks to add the TIA-USD pair to dYdX Chain - TIA is one of the most in-demand tokens on the market, with a market cap of ~$2B, which would spur meaningful growth on dYdX Chain trading activity. It's also intended to test out the process required to add a new asset to dYdX Chain.


Read more about the process of adding new markets on dYdX Chain 👉 https://v4-teacher.vercel.app/governance/proposinganew_market


Review and contribute to the discussion 👉 https://dydx.forum/t/drc-add-tia-usd-to-the-dydx-chain/1802

5 months agoRead more
Hedgies
Hedgies jonichja#0

@Verified


Live Twitter Spaces with 01node


https://twitter.com/i/spaces/1mnGepZeZrLKX

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


Epoch 30 has ended, GM to Epoch 31! 💫


Epoch 31 started officially on December 19th, 2023 at 15:00 UTC.


Epoch 30 trading & LP rewards will be claimable at https://dydx.community/history on Dec 26, at 17:47 UTC (7 days after the merkle root was proposed plus a 1 hour delay) ⏳
Once tokens have been claimed, they can be transferred or delegated to dYdX governance.


As per the DIP 29, trading and LP rewards are further reduced by ⅓ on Epoch 31 to the following values:
💰 Trading: 527,398 ethDYDX
🤝 LP: 191,781 ethDYDX

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


🔊 Voting is Live 🔊


🗳️ Should the dYdX community amend the trust instruments of the dYdX Grants and Operations Trusts for dYdX v4 Governance?


Vote 👉 https://snapshot.org/#/dydxgov.eth/proposal/0x5ed0465ba58b442f1e671789797d5e36b538a27603549639a34f95451b59ad32


Vote ends Dec 23, 2023 at 15:39 UTC ⏳


Following the launch of the dYdX Chain and adoption of DYDX as a governance token, the dYdX community is contemplating updating the definition of dYdX Consent within the Trust Instruments for both the dYdX Operations Trust (DOT) and the dYdX Grants Trust (DGP).


Since the Trust instruments for the DOT and the DGP follow the same definition for dYdX Consent, it is proposed to amend both Trusts with a new definition that includes the dYdX Chain governance module.


Since this proposal doesn’t require on-chain changes, this Snapshot vote is the final and binding vote. If this Snapshot vote passes, both Trust Instruments will be amended.


Review and contribute to the Forum discussion 👉
https://dydx.forum/t/drc-amendments-to-the-trust-instruments-of-the-dydx-grants-trust-and-dydx-operations-trust/1808

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


In this section of the Chaos Labs dYdX Chain AMA, Ori talks through distribution of DYDX for the 6 month launch incentive program 🙋🏽


Highlights;
🥇 Trading Season 1 distribution
👨‍💻 Goals for the first season
🤝 End of season report and recommendation
Watch the dYdX Chain Chaos Labs community AMA in full
https://youtu.be/u6lskMJXdgM

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


🗳️ Seeding the Insurance Fund


The dYdX community has voted in support of transferring 382,025 DYDX in exchange of ~1M USDC to Wintermute to seed the Insurance Fund.


⚡️ 62.5% turnout (43 out of 60 Active Set validators & 403 accounts voted)
✅ 77.2% yes | ❌ 21.8% no | ➡️ 1.0% abstain votes


https://www.mintscan.io/dydx/proposals/4


Next Steps:
1️⃣ Wintermute will take the mid-price of ETHDYDX from Binance with a 10% discount after receiving the DYDX, then use this price with the 10% discount to calculate how much USDC to send to the Insurance Fund.


2️⃣ Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.


What does this mean for the community?
Having a sizable Insurance Fund will help maintain the solvency of the dYdX Chain trading system, as it will be used as the first backstop when an account has a negative balance.

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


With the launch of Full trading on the dYdX Chain, there is plenty of ecosystem news to catch up on, dive into the updates


🗳️ Should the Community add TIA as new market on the dYdX Chain?
https://twitter.com/dydxfoundation/status/1736758537437491673


🎥 Don’t miss the AMA with @​antoniodydx tomorrow

https://twitter.com/dYdX/status/1736774337859117243


⛓️ Over $1.8B in trading volume on the dYdX Chain last week
https://twitter.com/dYdX/status/1735740224938876979


🎉 Chaos Labs has announced an update to the leaderboard for the dYdX Chain Analytics and Risk monitoring Portal
https://twitter.com/dydxfoundation/status/1735603509431590991


If you want to participate in governance discussions and stay up to date with important governance updates, topics or proposals.


Visit the forum 👉 https://dydx.forum


View the thread👇
https://twitter.com/dydxfoundation/status/1736854414982324681

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Snapshot Vote Created on dYdX v3


🗳️ Should the dYdX community amend the trust instruments of the dYdX Grants Trust and dYdX Operations Trust for dYdX v4 Governance?


TL;DR - These amendments will integrate the dYdX Chain governance module as a consent mechanism for future proposals, among other things.


https://snapshot.org/#/dydxgov.eth/proposal/0x5ed0465ba58b442f1e671789797d5e36b538a27603549639a34f95451b59ad32


Vote Start: ~Dec 19, 2023 @ 15:39 (UTC)Vote End: ~Dec 23, 2023 @ 15:39 (UTC)Forum
https://dydx.forum/t/drc-amendments-to-the-trust-instruments-of-the-dydx-grants-trust-and-dydx-operations-trust/1808

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Snapshot Vote Created on dYdX v3


🗳️ Should the dYdX community amend the trust instruments of the dYdX Grants Trust and dYdX Operations Trust for dYdX v4 Governance?


TL;DR - These amendments will integrate the dYdX Chain governance module as a consent mechanism for future proposals, among other things.


https://snapshot.org/#/dydxgov.eth/proposal/0x5ed0465ba58b442f1e671789797d5e36b538a27603549639a34f95451b59ad32


Vote Start: ~Dec 19, 2023 @ 15:39 (UTC)
Vote End: ~Dec 23, 2023 @ 15:39 (UTC)


Forum 👇
https://dydx.forum/t/drc-amendments-to-the-trust-instruments-of-the-dydx-grants-trust-and-dydx-operations-trust/1808

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified @Validator


⛓️ On-Chain Vote Created ⛓️


🗳️ Should the Community add TIA as new market on the dYdX Chain?


https://www.mintscan.io/dydx/proposals/5


Vote ends Dec 22, 2023 at 13:49 UTC ⏳


While anticipating that the number of markets available on dYdX Chain will increase in 2024, the dYdX community has not added any new markets to dYdX Chain so far. By proposing to add TIA-USD trading pair to dYdX Chain, it would also help the community understand the process required to add a new asset to dYdX Chain.


Why $TIA?
According to the data from Chaos Labs, TIA has grown rapidly from a $331m market capitalization at its launch on October 31, 2023 to over ~$2B today. Daily Perpetual volumes on major centralized exchanges have been consistently over $1B recently. This suggests strong demand for the trading pair, making it well-suited as the next asset to be added to the dYdX chain.


Read more about adding new markets to dYdX Chain 👇
https://v4-teacher.vercel.app/governance/proposinganew_market


Review and contribute to the Forum discussion 👇
https://dydx.forum/t/drc-add-tia-usd-to-the-dydx-chain/1802

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


❗️Trading Rewards Constant "C" on dYdX Chain has Increased to 0.66


The trading rewards constant “C” has increased to 0.66 as proposed and approved by dYdX community on DIP-2 “Activate Trading Rewards and the 6-Month Launch Incentive Program.” The increase occurred on block 3,623,541 (Dec 17, 2023 18:54:21 UTC).


The next trading rewards constant “C” increase to 0.9 will occur on block 5,543,541.


DIP 2 👉 https://www.mintscan.io/dydx/proposals/2


Block 3,623,541 👉 https://www.mintscan.io/dydx/block/3623541


Block 5,543,541 estimate 👉 https://www.mintscan.io/dydx/block/5543541

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified @Validator


🚨 Vote Reminder 🚨


🗳️ Should the Community seed the dYdX Chain’s Insurance Fund with ~1M USDC by transferring 382,025 DYDX to Wintermute?


https://mintscan.io/dydx/proposals/4


Vote ends Dec 19, 2023, 02:40 UTC (in ~1.5 day)


Since Full Trading was enabled on November 28, 2023, the size of the Insurance Fund is currently at 48,762.74 USDC. With the highest daily trading volume reaching $416M, traders on dYdX Chain could benefit from a sizable Insurance Fund.


*Wintermute has expressed interest in seeding the Insurance Fund with ~1M USDC using the mid-price of ETHDYDX on Binance minus a 10% discount. *


Proposal execution process is as follows:
1️⃣ Based on Wintermute’s bid, E4 proposed to send 382,025 DYDX from the Community Treasury to be sent to Wintermute address. The amount was calculated using the 5-day Time Weighted Average Price to calculate the market price of DYDX and adjusting the price for 10% discount.
2️⃣ If the proposal passes, Wintermute will take the mid-price of ETHDYDX from Binance with a 10% discount after receiving the DYDX, then use this price with the 10% discount to calculate how much USDC to send to the Insurance Fund.
3️⃣ Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.


Review and contribute to the Forum discussion 👉 https://dydx.forum/t/drc-seed-insurance-fund/1750
Insurance Fund 👉 https://www.mintscan.io/dydx/address/dydx1c7ptc87hkd54e3r7zjy92q29xkq7t79w64slrq
Wintermute’s original post 👉 https://dydx.forum/t/drc-activate-trading-rewards-and-the-6-month-launch-incentive-program/1619/9

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Don’t miss the Weekly Governance Recaps, after the Launch of Full trading on the dYdX Chain the dYdX Forum is packed with meaningful community discussions and contributions ✨


Sign up to the forum 👉 https://dydx.forum/


💡Chaos Labs replied to a community proposal titled;‘[DRC] Add TIA-USD to the dYdX Chain’
View the reply
https://dydx.forum/t/drc-add-tia-usd-to-the-dydx-chain/1802/4


⛓ Schultzie from Lavender Five posted a proposal in the dYdX Chain section of the forum titled; ‘Validator Node monitoring and alerting’
Read the proposal
https://dydx.forum/t/drc-activate-trading-rewards-and-the-6-month-launch-incentive-program/1619/12


👀 mgg recently posted an update in the grants section, titled; ‘dYdX Grants Program - AMA Discussion’
Read the update
https://dydx.forum/t/dydx-grants-program-ama-discussion/1773


🖊️ 0xCLR posted a report on Epoch 29, titled; ‘State of DYDX Finances Epoch 29’
Read the report
https://dydx.forum/t/state-of-dydx-finances-epoch-29/1723


If you want to participate in governance, engage in discussions and stay up to date with the latest forum topics
https://dydx.forum


Thread : https://twitter.com/dydxfoundation/status/1735718176447459818

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Full trading on the dYdX Chain launched 17 days ago ago


Since then;
📊 Over 3 Billion in trading volume
🙋🏽 Over 566k Staking Rewards distributed in USDC
🔒 50M Staked DYDX
🌉 457M ethDYDX bridged


Staking Rewards are distributed predominantly in USDC on a per-block basis and need to be manually claimed by Stakers.


Since the Launch of Full Trading over 566k USDC has been distributed to over 4,600 Stakers 🙋🏽


Read the learn how-to-claim guide
https://dydx.foundation/how-to-claim


Source: https://www.mintscan.io/dydx/dydx-analytics/rewards

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


The dYdX Foundation is delighted to announce the decision to start delegating DYDX


The Foundation has delegated a total of 2.3M DYDX to 10 Validators based on the framework set out in the Foundation’s Stake Delegation Principles guideline.


Read to learn more
https://www.dydx.foundation/blog/staking-delegation


The dYdX Foundation will periodically review and re-evaluate its stake delegations and, if applicable and as appropriate, rebalance its delegations. Re-evaluations of the Foundation’s stake delegations shall occur at least quarterly


Read the Stake Delegation Principles
https://www.dydx.foundation/blog/stake-delegation-principles

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified @Validator


⛓️ On-Chain Vote Created ⛓️


🗳️ Should the Community seed the dYdX Chain’s Insurance Fund with ~1M USDC by transferring 382,025 DYDX to Wintermute?


https://mintscan.io/dydx/proposals/4


Vote ends Dec 19, 2023, 02:40 UTC


Since Full Trading was enabled on November 28, 2023, the size of the Insurance Fund is currently at 48,762.74 USDC. With the highest daily trading volume reaching $416M, traders on dYdX Chain could benefit from a sizable Insurance Fund.


*Wintermute has expressed interest in seeding the Insurance Fund with ~1M USDC using the mid-price of ETHDYDX on Binance minus a 10% discount. *


Proposal execution process is as follows:
1️⃣ Based on Wintermute’s bid, E4 proposed to send 382,025 DYDX from the Community Treasury to be sent to Wintermute address. The amount was calculated using the 5-day Time Weighted Average Price to calculate the market price of DYDX and adjusting the price for 10% discount.
2️⃣ If the proposal passes, Wintermute will take the mid-price of ETHDYDX from Binance with a 10% discount after receiving the DYDX, then use this price with the 10% discount to calculate how much USDC to send to the Insurance Fund.
3️⃣ Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.


Review and contribute to the Forum discussion 👉 https://dydx.forum/t/drc-seed-insurance-fund/1750
Insurance Fund 👉 https://www.mintscan.io/dydx/address/dydx1c7ptc87hkd54e3r7zjy92q29xkq7t79w64slrq
Wintermute’s original post 👉 https://dydx.forum/t/drc-activate-trading-rewards-and-the-6-month-launch-incentive-program/1619/9

5 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


🗳️ DRC Created 🗳️


Amber has created a DRC titled "Add TIA-USD to the dYdX Chain", in which they proposed to add TIA-USD to the list of market pairs tradable on dYdX Chain.


While anticipating that the number of markets available on dYdX Chain will increase in 2024, the dYdX community has not added any new markets to dYdX Chain so far. By proposing to add TIA-USD trading pair to dYdX Chain, the community would understand the process required to add a new asset to dYdX Chain in the future.


Why $TIA?
It is one of the most in-demand tokens on the market, with a market cap of ~$2B, and 24h Perpetual swap volume of $816M on Binance and $41.8M on OKX (as of December 14, 2023). By adding TIA it would help spur the growth of trading activity on dYdX Chain.


Amber is planning to create an on-chain vote for this proposal early next week (~Dec 18, 2023).


Review and contribute to the discussion 👇
https://dydx.forum/t/drc-add-tia-usd-to-the-dydx-chain/1802


The information about adding new markets is available in the dYdX Chain open-source software documentation 👇
https://github.com/dydxprotocol/v4-documentation/blob/main/pages/governance/functionalities.md#adding-new-markets

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Full trading on the dYdX Chain launched 2 weeks ago


tl;dr
📊 Over 2 Billion in trading volume
🙋🏽 Over 445k Staking Rewards distributed in USDC
🔒 46M Staked DYDX
🌉 453M ethDYDX bridged


Staking Rewards are distributed predominantly in USDC on a per-block basis and need to be manually claimed by Stakers.


Since the Launch of Full Trading over 450k USDC has been distributed to over 4,400 Validators and Stakers


Read the learn how-to-claim guide
https://dydx.foundation/how-to-claim


Source: https://www.mintscan.io/dydx/dydx-analytics/rewards

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Catch up on the Weekly Recaps, with the @Operations subDAO recently announcing the launch of full trading https://dydx.trade/ there is plenty of updates 💫


Don’t miss the the AMA with @​antoniodydx this week
https://twitter.com/dYdX/status/1732768222372372703


Catch up on the recent AMA with Chaos Labs 🎥

https://twitter.com/dydxfoundation/status/1734167712643829844


It’s been a big week for the dYdX Chain ⛓️
https://twitter.com/dYdX/status/1733208890869756057


33 Active markets on the dYdX Chain
https://twitter.com/dydxopssubdao/status/1732444081480155401


If you want to participate in governance discussions and stay up to date with important governance updates, topics or proposals.


Visit the forum 👉 https://dydx.forum


View the thread
https://twitter.com/dydxfoundation/status/1734272348528771386

5 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


In case you missed the Chaos Labs Risk and Analytics Portal Community AMA, watch in full


Some highlights;
🙋🏽 Leaderboard walk through
👨‍💻 Analytics Portal walk through
📊 Trading Season and Rewards deep dive
⏰ Expansion of Leaderboard winners for future trading seasons


And many more updates from the dYdX Chain AMA, catch up
https://youtu.be/u6lskMJXdgM

6 months agoRead more
Hedgies
Hedgies nate.cha | dYdX 🦔#6947

@here


What an eventful two weeks for dYdX Chain! In case you missed it:


😎 33 active markets available to trade at http://dydx.trade
🚀 Over $1B in total trading volume so far
🤑 Trading Rewards are live
💰 Launch Incentives also live for six months


https://dydx.exchange/blog/dydx-chain-updates


dydx.trade is owned and operated by the dYdX Operations subDAO (DOS). DOS is independent from & unaffiliated with dYdX, & dYdX is not responsible for their actions, or any third party that uses dYdX open source code.

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Don’t miss the Weekly Governance Recaps, after the Launch of Full trading on the dYdX Chain the dYdX Forum is packed with meaningful community discussions and contributions ✨


Sign up to the forum 👉 https://dydx.forum/


💡Chaos Labs recently posted a new update about the 6 month Launch Incentive Program; ‘Chaos Labs - dYdX Chain Analytics and Risk Monitoring Portal’
View the portal
https://dydx.forum/t/chaos-labs-dydx-chain-analytics-and-risk-monitoring-portal/1724


⛓ There is updates to a post from Stride Labs titled; ‘Liquid Staking DYDX with Stride’
Read the update
https://dydx.forum/t/liquid-staking-dydx-with-stride/1409/12


👀 There is updated to a post by Kiln Finance titled; ‘Utilizing Cosmos Validator Watcher for Enhanced dYdX Chain Monitoring’
Read the update
https://dydx.forum/t/utilizing-cosmos-validator-watcher-for-enhanced-dydx-chain-monitoring/1699


🖊️ Callen from Wintermute recently posted about seeding the dYdX Chain insurance fund with USDC
Read the proposal
https://dydx.forum/t/drc-activate-trading-rewards-and-the-6-month-launch-incentive-program/1619/12


If you want to participate in governance, engage in discussions and stay up to date with the latest forum topics
https://dydx.forum


Thread : https://twitter.com/dydxfoundation/status/1733187257090080808

6 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


🗳️ DRC Created 🗳️


E4 has created a DRC titled “Seed Insurance Fund”, which contains a proposal to transfer DYDX from the Community Treasury to Wintermute to seed the dYdX Chain’s Insurance Fund with ~1M USDC.


Since Full Trading was enabled on November 28, 2023, the size of the Insurance Fund is currently at ~5,882.42 USDC. With daily trading volume reaching ~$326M, traders on dYdX Chain would likely benefit from a sizable Insurance Fund.


*Wintermute has expressed interest in seeding the Insurance Fund with ~1M USDC using the mid-price of ETHDYDX on Binance minus a 10% discount. *


The proposal execution is done through the following steps:


1️⃣ Based on Wintermute's bid, E4 proposed to calculate the amount of DYDX to be sent from the Community Treasury to Wintermute address using the 5-day Time Weighted Average Price to calculate the market price of DYDX (and adjusting the price for 10% discount)


2️⃣ If the proposal passes, Wintermute will take the mid-price of ETHDYDX from Binance with a 10% discount after receiving the DYDX, then use this price with the 10% discount to calculate how much USDC to send to the Insurance Fund.


3️⃣ Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.


Note, an on-chain governance vote on dYdX Chain would be required to transfer any amount on the Community Treasury to any address.


Review and contribute to the Forum discussion 👉 https://dydx.forum/t/drc-seed-insurance-fund/1750


Insurance Fund 👉 https://www.mintscan.io/dydx/address/dydx1c7ptc87hkd54e3r7zjy92q29xkq7t79w64slrq


Wintermute’s original post 👉 https://dydx.forum/t/drc-activate-trading-rewards-and-the-6-month-launch-incentive-program/1619/9

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Full trading on the dYdX Chain launched 9 days ago, since then;


tl;dr
📊 Over 1 Billion in trading volume on the dYdX Chain
🙋🏽 Over 200k Staking Rewards in USDC distributed to Validators and Stakers
🔒 19M+ Staked DYDX. Total Staked is now 36M+
🌉 442.5M total ethDYDX bridged to dYdX Chain DYDX
🤝 1 governance proposal passed (3 proposals passed on the dYdX Chain)


With the launch of Full Trading, three different reward mechanisms are now enabled on the dYdX Chain;


1️⃣ Staking Rewards in USDC
2️⃣ Trading Rewards in DYDX
3️⃣ 6-month Launch Incentive Program proposed by Chaos Labs, 20M USD in DYDX


Source: https://lookerstudio.google.com/u/0/reporting/9b5bb482-8ba2-4ed5-b8e1-1bb254a7ffe3/page/iVxiD

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Less than 3 hours to go until the AMA on Discord with the Chaos Labs team to discuss the 6 month Launch Incentive Program


Chaos Labs team will run through the dashboard, portal, answer questions, discuss analytics, the leaderboard, and much more.


⏰ 4 pm CET
📅 Thursday 7th December
✅ RSVP : https://discord.com/events/724804754382782534/1181586562375483443


Read the Chaos labs Launch Incentive Deep Dive
https://chaoslabs.xyz/posts/dydx-v4-launch-incentives

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Curious about DYDX Token Mechanics?


In this snippet from the recent Defiant News podcast, @​daviddydx highlights:
🚫 No block inflation or new token minting for Validators
💰 Protocol fees reward contributors to network security
🔗 Alignment of Stakeholder interests


And further insights on DYDX token mechanics.


Watch the podcast in full
https://www.youtube.com/watch?v=aY5EQ3U-zZg

6 months agoRead more
Hedgies
Hedgies standydx#0

@Verified


The dYdX Chain keeps expanding 🌐


we're rolling out PEPE-USD, WLD-USD, SEI-USD, LTC-USD, and BCH-USD on the dYdX Chain!


These new additions push our total to 33 trading pairs, giving you more variety and opportunities. 🤝


As always, take advantage of:
🙋🏽 Trading Rewards
📊 6-month Launch Incentive Program
🔒 Staking Rewards

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


The dYdX Foundation is hosting an AMA on DIscord with the Chaos Labs team to discuss the 6 month Launch Incentive Program


The Chaos Labs team will run through the dashboard, portal, answer questions, discuss analytics, the leaderboard, and much more.


⏰ 4 pm CET
📅 Thursday 7th December
✅ RSVP : https://discord.com/events/724804754382782534/1181586562375483443


Read the Chaos Labs Launch Incentive Deep Dive
https://chaoslabs.xyz/posts/dydx-v4-launch-incentives

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


In case you missed the 7th dYdX Community Town Hall featuring dYdX, @Operations subDAO, @Grants subDAO, Stride Labs, and Chaos Labs catch up in full 🎥


Topics in the Town Hall;
📊 Trading Rewards and Chaos Labs 6 month Launch Incentive Program
⛓️ Beta Stage Recap and Full Trading
🚨 Stride Labs Liquid Staking
👀 Exciting grants pipeline and what to look out for


Community Town halls live Stream to Youtube. Watch in full
https://youtube.com/live/3Lx8fjoIvs8

6 months agoRead more
Hedgies
Hedgies standydx#0

@Verified


📢 Market Update on the dYdX Chain 🌐


We've had a bustling couple of days at dYdX Chain! Yesterday, we welcomed NEAR-USD, APT-USD, SUI-USD, DOT-USD, and ETC-USD.🚨


And today, we've added ARB-USD, CRV-USD, BLUR-USD, FIL-USD, and XLM-USD into the mix.💿


That’s 10 new trading pairs in just 48 hours, bringing our total to a remarkable 28 active markets! 🎉


As you explore these new opportunities, remember the benefits that come with trading on dYdX:
🙋🏽 Enjoy Trading Rewards
📊 Take part in our 6-month Launch Incentive Program
🔒 Secure your investments with Staking Rewards


We're not stopping here - there's more on the way.

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Interested to learn how to stake on the dYdX Chain?


In this section of the Defiant tutorial, you can learn the steps to stake with Keplr wallet on the dYdX Chain 🤝


You can also stake with Leap wallet among other providers.


Follow the how-to-stake guides
https://www.dydx.foundation/how-to-stake/overview


Watch the dYdX Chain tutorial in full
https://www.youtube.com/watch?v=XBaFcGpBSyA

6 months agoRead more
Hedgies
Hedgies jonichja#0

@Verified


We're hosting an AMA with the Chaos Labs team to discuss their Launch Incentive Program
https://chaoslabs.xyz/posts/dydx-v4-launch-incentives


The Chaos Labs team will run through the dashboard, answer questions, and discuss analytics, the leaderboard, and much more.


⏰ 4 pm CET
📅 Thursday 7th December
✅ RSVP: https://discord.com/events/724804754382782534/1181586562375483443

6 months agoRead more
Hedgies
Hedgies tristan_12345#0

@Verified


Don’t miss the Weekly Recaps With the @Operations subDAO recently announcing the launch full trading on the https://dydx.trade/ there is plenty of updates to catch up on


🧵👇


🤝 Catch up on the recently published dYdX Chain Rewards and Fees Deep Dive
https://twitter.com/dydxfoundation/status/1730304752674632144


Over 420M+ in trading volume on the dYdX Chain
https://twitter.com/dYdX/status/1731756257680265698


📊 @Operations subDAO announced the launch of Full trading, activating a triple reward system
https://twitter.com/dydxopssubdao/status/1729500848827347436


2k+ daily active users on the dYdX Chain 🙋🏽
https://twitter.com/dYdX/status/1731727648655597713


If you want to participate in governance discussions and stay up to date with important governance updates, topics or proposals.


Visit the forum 👉 https://dydx.forum


View the thread👇
https://twitter.com/dydxfoundation/status/1731778971161833861

6 months agoRead more
Hedgies
Hedgies .degenwitch#0

@Verified


🗳️ Launch a Social Mitigation Strategy for MEV


The dYdX community has voted in support of launching a social mitigation strategy for MEV!


⚡️ 85% turnout (50 out of 60 Active Set validators & 463 accounts voted)
✅ 85.6% yes | ❌ 0.1% no | ➡️ 14.3% abstain votes
https://www.mintscan.io/dydx/proposals/3


The MEV Slashing Committee is appointed, consisting of 7 individuals members, running for 6-months term, with a budget of $84k ($2k/month per member).


The MEV Slashing Committee responsibilities include:
1️⃣ holding recurring review meetings to discuss MEV activity,
2️⃣ proactively reviewing discrepancy data for outliers and possible MEV activity,
3️⃣ making periodic reports and recommendations for community action based on findings, and
4️⃣ bring forward a framework for standardizing certain actions based on discrepancy data. This framework will be voted on by the community through governance.


All the social slashing recommendations will be subject to governance votes.


DIP 👉 https://gist.github.com/cbergz/710efdf38a99350a6beaa974a133200c
Forum discussion 👉 https://dydx.forum/t/dydx-v4-social-mitigation-strategy-for-mev/1377

6 months agoRead more

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