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dYdX (wethDYDX) priceWETHDYDX
wethDYDX is obtained when sending ethDYDX to the wethDYDX Smart Contract to convert ethDYDX into DYDX on the dYdX Chain. wethDYDX can be used to participate in dYdX v3 governance. For a detailed overview of the functionalities of dYdX Chain DYDX, read the dYdX Foundation’s Token Mechanics blog.
This is a preview page.
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
Do you own this project?
- Total supply
- 539.82M WETHDYDX
- Self-reported circulating supply
- 459.33M WETHDYDX
Max. supply
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wethDYDX is obtained when sending ethDYDX to the wethDYDX Smart Contract to convert ethDYDX into DYDX on the dYdX Chain. wethDYDX can be used to participate in dYdX v3 governance. For a detailed overview of the functionalities of dYdX Chain DYDX, read the dYdX Foundation’s Token Mechanics blog.
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About dYdX (wethDYDX)
wethDYDX is a wrapped version of ethDYDX obtained when a user interacts with the wethDYDX Smart Contract. wethDYDX cannot be bridged to the dYdX Chain via the wethDYDX Smart Contract and any wethDYDX tokens sent to the wethDYDX Smart Contract will be permanently locked and irrecoverable.
Ethereum-based DYDX (ethDYDX) launched on August 3, 2021. The ethDYDX token is a governance token for the dYdX Layer 2 protocol built on Ethereum (“dYdX v3”). Token holders are able to govern certain parameters of dYdX v3 to align incentives between traders, liquidity providers, and partners. The ethDYDX token enables a robust ecosystem around governance and rewards - each of which is designed to drive future growth and decentralization of dYdX v3.
wethDYDX token is a wrapped version of ethDYDX obtained when a user interacts with the wethDYDX Smart Contract.
The dYdX community through dYdX v3 governance voted to give wethDYDX the same governance and utility functions as ethDYDX in dYdX v3.
Migration to the dYdX Chain
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