The dYdX Foundation is delighted to announce its decision to start delegating DYDX. This highlights the central role that Validators play in the dYdX ecosystem and the dYdX Foundation's commitment to contributing to the security of the dYdX Chain network.
The dYdX Foundation will periodically review and re-evaluate its stake delegations and, if applicable and as appropriate to comply with these principles and any other rules or regulations applicable to the Foundation, rebalance its delegations. Re-evaluations of the Foundation’s stake delegations shall occur at least quarterly.
It’s important to note that the above delegation decisions are being made public in the interest of transparency and are not binding for the dYdX Foundation. The Foundation retains full and absolute discretion with regard to analyzing whether to delegate all or part of its DYDX stake to dYdX Chain Validators, Validator selection and/or delegation amounts, and the frequency of rebalancing of delegations, among other things. The dYdX Foundation maintains full and absolute discretion in connection with any stake delegation and other decisions to be made by it and, for the avoidance of doubt, shall at all times prioritize strict compliance with all applicable laws and regulations over compliance with any principles or good practices communicated publicly. The dYdX Foundation may reverse or modify any of the delegation decisions referred to in this post at any time and at its sole discretion and assumes no obligation to publicly disclose any such reversal or modification.
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. DYDX token holders shall conduct their own research and due diligence before making any delegation 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.
About the dYdX Foundation
Legitimacy and Disclaimer
dYdX Foundation’s purpose is to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance. 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. The dYdX community is sovereign to make decisions freely from time to time, in accordance with the governance rules, principles, and mechanisms adopted by the dYdX DAO. Community discussion and interaction on the contents of this post are encouraged. The dYdX Foundation does not directly participate in governance decisions to be made by the dYdX community, including, without limitation, by making and/or voting on governance proposals.
The dYdX Foundation may change, update or complement its analysis or opinions expressed in this post in the future and assumes no obligation to publicly disclose any such change or update. This post is solely based on the information available to the dYdX Foundation at the time it is made and should only be read and taken into consideration at the time it is made and on the basis of the circumstances that surround it.
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