Review of Epoch 20

dYdX Foundation
Mar 23, 2023

This is the 21st 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. A summary of the epoch highlights can be found in this deck.

Epoch 20 Highlights

For Epoch 20 (February 14, 2023, 15:00 UTC - March 14, 2023, 15:00 UTC). No addresses were identified as wash trading during Epoch 20.

Performance Indicators

Rewards Metrics

Community Treasury

Approximately 766,703 $DYDX vested in the Community Treasury and 1,726,028 $DYDX accrued in the Rewards Treasury over the course of Epoch 20. The dYdX community now has access to 46.8M $DYDX that has accrued in the Community Treasury and Rewards Treasury to use for DAO and community initiatives, contributor grants, liquidity mining, and much more. Learn more about the Community Treasury in our documentation.

Following the successful vote to reduce trading rewards by 45%, starting Epoch 21, an additional 1,294,520 $DYDX will vest to the Rewards Treasury.

Circulating Supply

16.36% 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 20. Learn more about the $DYDX allocation in our documentation.

Governance Updates

dYdX Ecosystem Updates

dYdX 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”.

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