{"id":83963,"date":"2023-09-04T17:37:55","date_gmt":"2023-09-04T14:37:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83963"},"modified":"2025-09-12T14:34:45","modified_gmt":"2025-09-12T11:34:45","slug":"dydx-community-backs-token-migration-to-native-blockchain","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-community-backs-token-migration-to-native-blockchain\/","title":{"rendered":"dYdX community backs token migration to native blockchain"},"content":{"rendered":"<p>The community of the decentralized exchange dYdX voted almost unanimously in favour of adopting the fourth version of the protocol and migrating the DYDX token to the new blockchain platform.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-09-04-v-17.15.22.webp\" alt=\"Snimok-ekrana-2023-09-04-v-17.15.22\" class=\"wp-image-215025\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/dydxfoundation\/status\/1698414370512937319\">X<\/a>.<\/figcaption><\/figure>\n<p>On July 5, the project team <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-developers-launch-new-testnet-as-they-move-toward-full-decentralisation\">launched<\/a> a public testnet based on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-cosmos-atom\">Cosmos<\/a> and the Tendermint consensus protocol.<\/p>\n<p>The official start of the dYdX mainnet is planned for the end of 2023.<\/p>\n<p>It is expected that after this, on the exchange <a href=\"https:\/\/dydx.exchange\/blog\/dydx-chain\">\u0438\u0441\u0447\u0435\u0437\u043d\u0435\u0442<\/a> the centralized order book and the order-matching mechanism. The platform will not use <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-an-automated-market-maker\">AMM<\/a> algorithms.<\/p>\n<p>A recent proposal was put forward by developer Wintermute. It envisions the community adopting an Ethereum smart contract, commissioned by the dYdX Foundation, that would &#8220;facilitate the creation of an autonomous one-way bridge for moving DYDX tokens&#8221;.<\/p>\n<p>As a result of the migration, the main token will be replaced by wethDYDX, which will have the same governance functions.<\/p>\n<p>The next vote on the integration is scheduled for September 8.<\/p>\n<p>As a reminder, in August dYdX <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-unlocks-tokens-worth-about-13-8-million\">unlocked 6.52 million DYDX tokens<\/a> worth $13.82 million.<\/p>\n<p>In April, the decentralized exchange <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-to-wind-down-operations-in-canada\">left<\/a> Canada due to regulatory pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The community of the decentralized exchange dYdX voted almost unanimously in favour of adopting the fourth version of the protocol and migrating the DYDX token to the new blockchain platform.<\/p>\n","protected":false},"author":1,"featured_media":83964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1337],"class_list":["post-83963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dydx"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83963"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83963\/revisions"}],"predecessor-version":[{"id":83965,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83963\/revisions\/83965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83964"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}