Review of Epoch 29
This is the 30th edition of dYdX Epoch Review, presenting updates from the dYdX community and ecosystem. To learn more, join us on Discord, Twitter, and the Community Forums.
Epoch 29 Highlights
For Epoch 29 (started on October 24 at 15:00 UTC and ended on November 21 at 15:00 UTC). No addresses were identified as wash trading during Epoch 29. Addresses associated with the YFI incident were removed from the pool of addresses entitled to receive DYDX rewards.
Performance Indicators
Trading Rewards: 1,582,192 $DYDX were earned over the course of Epoch 29 and will be distributed to 6,531 traders.
LP Rewards: 575,343 $DYDX were earned over the course of Epoch 29 and will be distributed to 51 addresses that were eligible for LP rewards in Epoch 29. 58 market makers (13 new, 45 existing) meeting the 0.25% threshold in Epoch are now eligible to earn rewards in Epoch 30. Learn more about the LP Rewards in our documentation, or our blog posts.
Treasury Migration: As a result of DIP 29, 40,703,630 ethDYDX was bridged from the Rewards Treasury to the dYdX Chain and 39,788,640 ethDYDX was bridged from the Community Treasury to the dYdX Chain Community Treasury. The balance of the relevant addresses and accounts are as follows:
Ethereum
*this amount is a difference between the standard allocation per epoch and the actual numbers vested to the Rewards Treasury, which may come from the tokens that are vested between DIPs execution and end of epoch.
dYdX Chain
On October 30, 2023, dYdX Foundation announced the open-sourcing of the Bridge User Interface and it was deployed by the Operations subDAO later on the same day. Since the genesis of the dYdX Chain, 439.7M ethDYDX have interacted with the one-way bridge (wethDYDX Smart Contract).
Circulating Supply: 19.02% of the total $DYDX supply (excluding unearned Retroactive Rewards transferred to the Treasury and the $DYDX vested in the Community Treasury) is considered liquid at the end of Epoch 29. Learn more about the $DYDX allocation in our documentation.
Governance Updates
dYdX Ecosystem
General Updates
What's Next?
About the dYdX Foundation
Legitimacy and Disclaimer
Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.
dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain's infrastructure.
The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.
The dYdX Chain software (including dYdX Unlimited) is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components (including dYdX Unlimited) be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software (including dYdX Unlimited) or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software, i ncluding dYdX Unlimited (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited) “AS IS, WHERE IS”.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.
Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of any component of the dYdX Unlimited software (including the MegaVault).
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