Ano ang dYdX (DYDX)?

$DYDX was launched on Aug 3rd, 2021, and there are 1 billion $DYDX minted in the beginning in total. Holders of $DYDX on dYdX can stake tokens to the Secure Module to mint $stkDYDX. $stkDYDX has the same proposal and voting rights as $DYDX in terms of governance. The security module is primarily used to incentivize holders to properly govern the protocol, and act as a risk manager in the system at the same time. As an incentive reward, 2.5% of the initial supply of $DYDX is allocated to users who stake $DYDX according to the fees generated by user transactions and the percentage of open interests. In addition, 7.5% and 25% of the initial token supply are also used for liquidity provider rewards and trading rewards to incentivize their participation in trading activities on dYdX.

The initial supply will follow a 5-year release schedule and after 5 years, $DYDX will follow a <2% annual inflation rate to increase the total supply.

• 250M $DYDX (25%) as trading rewards
• 75M $DYDX (7.5%) airdropped to past users
• 75M $DYDX (7.5%) as liquidity providing rewards
• 50M $DYDX (5%) to treasury
• 25M $DYDX (2.5%) as USDC staking pool reward, but after DIP14 the pool was shut down and the remaining was moved to treasury
• 25M $DYDX (2.5%) to $DYDX staking pool as rewards
• 277M $DYDX (27.73%) to past investors
• 152M $DYDX (15.25%) to the team
• 70M $DYDX (7%) to future employees