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.
As part of this decision, the dYdX Foundation has delegated a total of 2.3M DYDX (which is 88.4% of DYDX that the dYdX Foundation can stake as of the timing of publication) to 10 Validators based on the framework set out in the Foundation’s Stake Delegation Principles and inspired by the categories set out in A Take on Good Practices for dYdX Chain Validators and Stakers.
The list of selected Validators is as follows:
- Ledger by Meria
- Kingnodes
- Crosnest
- danku_zone w/ DAIC
- Coinbase Cloud
- CryptoCrew X Defi Dojo
- OKX Earn
- ECO Stake
- LTP
- Meria
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
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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