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dYdX WETHDYDX

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1. Summary

Limited data

  • 100% of the dYdX code repositories are forked (originally copied) from another project.

Ranks

Liquidity
-
Developer
-
Social
77
Momentum (beta)
0
Stack Rankā„¢
-
Price
$0.000000000000 0.0%
Market Cap
$ (#30663)
Supply
/ 484.75M
Price
All Time High (ATH) Date 14th Dec 2024 (3 months ago)
All Time Low (ATL) Date 14th Dec 2024 (3 months ago)
Supply & Trading Volume
Total Supply 484.75M
Max Supply 1.00B
Description

dYdX Token Migration

dYdX Token Migration

The wethDYDX token is a wrapped version of the ethDYDX token, which is a governance token for the dYdX Layer 2 protocol on Ethereum. It allows holders to participate in governance, stake for rewards, and drives the decentralization of the protocol.

Migration Process

  1. Initial Steps: Connect a wallet to generate a dYdX Chain address.
  2. Token Migration: Enter the amount of ethDYDX to migrate, choose a recipient address on the dYdX Chain, and preview the migration details.
  3. Authorization: Authorize the wethDYDX Smart Contract and confirm the migration by signing with the wallet.
  4. Status Check: Monitor the status of the migration.

wethDYDX Token

  • Transferability: Freely transferable like a normal ERC-20 contract.
  • Utility: Used for governance and rewards on the dYdX protocol.

Key Features

  • Bridge Function: One-way bridge from Ethereum to the dYdX Chain.
  • Security: Permanently locks ethDYDX tokens and ensures a 1:1 transfer to wethDYDX tokens.
  • Governance: Provides voting rights in the governance system.
  • Staking: Enables staking on the dYdX Chain for security and governance participation.

Important Notes

  • No reversal of the bridge function.
  • Migration process automated through the wethDYDX Smart Contract.
  • wethDYDX tokens have the same voting power as ethDYDX tokens.
2. Price

WETHDYDX

2.1. Market Performance

How does dYdX's (WETHDYDX) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

0.0%

WETHDYDX

-0.1%

Similar Market Cap

3. Developer Activity

We're monitoring 61 dYdX GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All dYdX Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 0
  • Past 12 weeks: 0 commits vs. an average of 4
  • Past year: 0 commits vs. an average of 66

Most Active Repos

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Past 12 weeks
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Past 12 weeks
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Top Developers 2025

In total, 43 developers have contributed to dYdX over the past year. Who are the most active dYdX developers, by commits, over the past year?

Related Projects

Developers working on dYdX also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users 18,293
Active Discord Users 1,673
Telegram Users
Twitter followers 39,569
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://trade.dydx.exchange/r/KUCMNNHD
Explorer https://etherscan.io/token/0x46b2DeAe6eFf3011008EA...
Twitter @dYdX

What is the correct contract address for dYdX?

Ethereum 0x46b2deae6eff3011008ea27ea36b7c27255ddfa9

Has dYdX been audited for security?

No security audits found for this project.

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