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
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 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 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 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 (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 (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) “AS IS, WHERE IS”.
Get Involved with the Community
Become a part of our journey to reshape the financial landscape