dYdX Chain has distributed over 3.5 million USDC to over 10,200 stakers
The dYdX Foundation announced that over 3.5 million USDC in staking rewards has been distributed to over 10,200 stakers on the dYdXChain. According to Mintscan statistics, staking on the dYdXChain has received an average annual return of 15% and accumulated trading volume of over 22 billion US dollars. Currently, 81.1 million DYDX tokens have been staked.
dYdX Foundation: Epoch 31 trading rewards and LP rewards will be available for collection on January 25th
dYdX Foundation announced on X platform that Epoch 31 trading rewards and LP rewards will be available for collection on January 25th at 4:58 UTC (12:58 Beijing time). Users can bridge to dYdX Chain or transfer and delegate reward tokens. On Tuesday of this week, dYdX Foundation announced that Epoch 31 has ended and, according to DIP 29 proposal, the current trading rewards and LP rewards on V3 have been set to zero.
dYdX
I hope everyone has had a great start to the new year and what a wild two weeks it has been so far!
One of our portfolio companies, dYdX, just had a major upgrade so figured it would be helpful to recap the use case and what’s going on with the protocol!
dYdX Foundation: dYdX V3 trading and LP rewards have been reduced to zero
The dYdX Foundation announced on social media that Epoch 31 has ended. As per DIP 29 proposal, trading and LP rewards on V3 are now reduced to zero. In addition, traders on the dYdX Chain can receive up to 90% reimbursement as trading rewards and an incentive program reward for a period of 6 months.
dYdX V4’s 24-hour trading volume reached $760 million, surpassing Uniswap V3
According to CoinMarketCap data, dYdX V4 has a 24-hour trading volume of $760 million, surpassing Uniswap V3 ($554 million).
Amber Group and GSR transferred 2.766 million DYDX to Binance 40 minutes ago
FOMOonchain monitoring shows that Amber Group and GSR transferred 2.766 million DYDX (worth 8.49 million USD) to Binance 40 minutes ago. Prior to this, the wallet had received DYDX from multiple anonymous wallets, which were found to be related to the DYDX team after investigation. About a month ago, these anonymous wallets also transferred a large amount of tokens to Binance, but did not sell them, indicating that this may be a simulation exercise.
dYdX unlocked $98 million worth of tokens this morning, some of which have been transferred to CEX
On January 1st, according to Token Unlocks data, dYdX has unlocked 98 million US dollars worth of DYDX at 8 am this morning, which is about 33.33 million tokens, accounting for 12.34% of the circulating supply.
dYdX Chain: A Comprehensive Overview of the Launch Incentives Program
In a move to foster early adoption and ensure a smooth transition to the new dYdX Chain, Chaos Labs, in collaboration with dYdX, is launching a $20 million liquidity incentives program. This initiative, approved by the dYdX Governance via Snapshot and an on-chain vote, is tailored to expand and transition the current dYdX user base to the upcoming version of the protocol, emphasizing the importance of liquidity and efficient migration for the success of the dYdX Chain.
DYDX, UNI, and FLIP rank at the top of the Smart Money 24-hour inflow list
According to Nansen 2 data on December 24th, Smart Money's 24-hour Ethereum network fund inflow tracking list is as follows:<br>DYDX: Approximately $2.16 million, currently priced at $3.125, with a 24-hour increase of 0.16%;<br>UNI: Approximately $1.02 million, currently priced at $6.567, with a 24-hour increase of 5.7%;<br>FLIP: Approximately $0.53 million, currently priced at $4.456, with a 24-hour decrease of 1.37%.
The giant whale withdrew 2.8 million DYDX from Binance 7 hours ago
Scopescan monitoring, about 7 hours ago, a whale withdrew 2.8 million DYDX tokens (worth 8 million USD) from Binance.
