$DYDX

DYDX is the L1 token for the dYdX Chain. DYDX can be staked to secure the chain. As a reward for securing the network, 100% of protocol fees are distributed to Stakers, predominantly in USDC. DYDX can be utilized to participate in governance on the dYdX Chain, a fully decentralized, community governed platform. ethDYDX, a governance token for the dYdX v3 protocol, is undergoing a migration to dYdX Chain DYDX. If you have ethDYDX and want to bridge your tokens to the dYdX Chain to unlock expanded DYDX functionalities, read this how-to-bridge guide. For a detailed overview of the functionalities of dYdX Chain DYDX,