Support for the ethDYDX-DYDX Bridge (the “Bridge”) and the ability to migrate ethDYDX from Ethereum to DYDX on the dYdX Chain is expected to end on June 9, 2025 as a consequence of a community governance proposal.

If you hold ethDYDX and don't interact with the Bridge before then, you may permanently lose the ability to convert your ethDYDX tokens to DYDX.

Support for the ethDYDX-DYDX bridge (the “Bridge”) and the ability to migrate ethDYDX from Ethereum to DYDX on the dYdX Chain is expected to end on June 9, 2025 as a consequence of a community governance proposal. If you hold ethDYDX and don’t interact with the Bridge before then, you may permanently lose the ability to convert your ethDYDX tokens to DYDX.

After October 28, 2024, dYdX Trading, Inc. will no longer be operating dYdX v3 and will shut down the v3 perpetuals exchange. This will significantly reduce the utility of the ethDYDX token. It is therefore likely that ethDYDX could be rendered useless and, potentially, valueless as a consequence of the cessation of support of the Bridge on the dYdX Chain.

The dYdX Chain, a delegated proof-of-stake blockchain network built using the Cosmos SDK, is powered by the DYDX token as its L1 token. The DYDX token serves three functions in the network:

Since the launch of the dYdX Chain, ~94% of ethDYDX has been migrated to DYDX on the dYdX Chain.

Most major centralized exchanges have migrated their ethDYDX holdings and are currently supporting DYDX. The dYdX Foundation has published a step-by-step guide on how to interact with the Bridge. The Bridge, through the wethDYDX Smart Contract, enables a permissionless and autonomous one-way bridge for converting ethDYDX tokens on Ethereum into DYDX tokens on the dYdX Chain.