About 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 collaborate towards an improved Protocol. DYDX fosters a strong ecosystem centered around governance, rewards, and staking — each aimed at driving future growth and decentralization of dYdX, enhancing the user experience. Staking pools are created to support liquidity and security on the Protocol. Rewards programs for trading, providing liquidity, and previous usage of dYdX are designed to promote growth and adoption. Alongside the launch of DYDX, we also introduced: a governance platform at dydx.community, a liquidity staking pool for USDX, a safety staking pool fo...