dYdX Foundation is a an independent not-for-profit foundation headquartered in Zug, Switzerland. The foundation was founded in June 2021.

Democratize access to financial opportunity.

To support and grow the dYdX protocol ecosystem by enabling communities, developers and decentralized governance.

You can engage by participating in community discussions, contributing to the open-source code, trading on the platform, or participating in governance decisions.

On August 3, 2021, dYdX Foundation introduced ethDYDX, a governance token that allows the dYdX Protocol’s community to govern certain aspects of the v3 dYdX protocol. ethDYDX aligns incentives between traders, liquidity providers, and other users of the dYdX protocol.

In September 2023, the dYdX community voted in favor to adopt DYDX as the Layer 1 token that powers the dYdX Chain. After the dYdX Community voted to adopt DYDX as the L1 token, DYDX launched with exapnded utility. The exapnded utlity is; Security, Staking and Governance. The dYdX Chain rewards Stakers for securing the dYdX Chain by distributing 100% of protocol fees in $USDC. Only Cosmos native DYDX has expanded utility and a rewarch mechanism.

The dYdX Foundation is just one core contributor in the expansive dYdX Ecosystem. It’s important to highlight other core contributors that significantly impact the ecosystem’s growth and functionality. These include dYdX Trading, the core development team behind the dYdX Protocol; dYdX Grants, the grant-making trust entity responsible for administration of grants to dYdX contributors, and the dYdX Operations Trust, an operational trust established to build operational capabilities for the dYdX Chain. Beyond these formal entities, the dYdX Ecosystem encompasses a diverse range of participants such as developers, infrastructure providers, validators, community members, grantees, token holders, investors, market makers, and traders, among others.