dYdX Chain 成為 DeFi 交易強者，迎來中心化革命

2023 年 10 月 26 日，dYdX Chain 及其原生代幣 DYDX 上線。 75.2% 的原始 ethDYDX 代幣已遷移到 dYdX 鏈。 dYdX 鏈透過權益證明進行保護，並允許透過權益進行社區治理和增強安全性。質押者以 USDC 形式收到 100% 的協議費用，這些費用可以進行再投資或用作抵押品。

dYdX Chain Emerges as a Decentralized Trading Powerhouse, Ushering in a New Era for Defi

dYdX Chain成為去中心化交易強國，開啟Defi新時代

On October 26, 2023, the dYdX Chain, along with its native Layer 1 token DYDX, was unleashed upon the world of decentralized finance, heralding a paradigm shift in the industry. With 75.2% of the total volume of ethDYDX tokens migrating to the dYdX Chain within a short span, it became evident that traders and investors were swiftly embracing this new decentralized ecosystem.

2023 年 10 月 26 日，dYdX 鍊及其原生第 1 層代幣 DYDX 被釋放到去中心化金融世界，預示著產業範式的轉變。隨著 ethDYDX 代幣總量的 75.2% 在短時間內遷移到 dYdX 鏈，很明顯交易者和投資者正在迅速接受這個新的去中心化生態系統。

The Genesis of ethDYDX: Empowering Community Governance

ethDYDX 的起源：賦能社區治理

dYdX Foundation initially launched ethDYDX on August 3, 2021, as a governance-only token for the dYdX Layer 2 protocol on Ethereum (ETH)—dYdX v3. This empowered the community to shape the future of dYdX v3, fostering an ecosystem centered around governance, rewards, and staking.

dYdX 基金會最初於 2021 年 8 月 3 日推出 ethDYDX，作為以太坊 (ETH) 上 dYdX 第 2 層協議（dYdX v3）的純治理代幣。這使社區能夠塑造 dYdX v3 的未來，培育以治理、獎勵和質押為中心的生態系統。

The dYdX Chain: A Milestone in Decentralization

dYdX 鏈：去中心化的里程碑

The dYdX Chain represents a pivotal step in the decentralization journey of dYdX. Unlike its predecessor, dYdX v3, which operated as a non-custodial hybrid Layer 2 DEX on Ethereum with a centralized orderbook and matching engine, the dYdX Chain stands as a fully independent Layer 1 network with a decentralized structure.

dYdX 鏈代表 dYdX 去中心化之旅的關鍵一步。與它的前身dYdX v3 不同，dYdX v3 在以太坊上作為非託管混合第2 層DEX 運行，具有集中式訂單簿和匹配引擎，dYdX 鍊是一個完全獨立的具有去中心化結構的第1 層網絡。

Ensuring Robust Security: Proof-of-Stake and Liquid Staking

確保穩健的安全性：權益證明和流動性權益證明

The security of the dYdX Chain is underpinned by a robust Proof-of-Stake (PoS) mechanism, where token holders stake their DYDX to Validators who safeguard the integrity of the network. Currently, approximately 149 million DYDX (14.9% of the total supply) are staked to active Validators on the dYdX Chain.

dYdX 鏈的安全性以強大的權益證明 (PoS) 機制為基礎，代幣持有者將其 DYDX 質押給保護網路完整性的驗證者。目前，大約 1.49 億個 DYDX（佔總供應量的 14.9%）被質押給 dYdX 鏈上的活躍驗證者。

Moreover, the dYdX Community recently voted to liquid-stake 20 million DYDX with Stride, a move designed to further enhance Validator decentralization, minimize the risk of malicious attacks, and bolster overall network security. Staking rewards are automatically compounded in USD Coin (USDC) and subsequently converted into DYDX by the Stride protocol, which are then staked again for additional rewards. This demonstrates the community's unwavering commitment to safeguarding the security and stability of the dYdX Chain while proactively managing its treasury.

此外，dYdX 社群最近投票決定透過 Stride 流動質押 2,000 萬個 DYDX，此舉旨在進一步增強驗證人的去中心化，最大限度地降低惡意攻擊的風險，並增強整體網路安全性。質押獎勵會自動以美元硬幣（USDC）複利，隨後透過 Stride 協議轉換為 DYDX，然後再次質押以獲得額外獎勵。這表明社區堅定不移地致力於維護 dYdX 鏈的安全性和穩定性，同時積極管理其資金。

Staking Rewards: Incentivizing Participation and Growth

質押獎勵：激勵參與與成長

A fundamental aspect of the dYdX Chain is its generous staking rewards system, which allocates 100% of the protocol's fees to DYDX stakers who contribute to network security. This mechanism opens up lucrative opportunities for stakers, enabling them to accumulate crypto assets, reinvest in USDC, or utilize USDC as collateral for trading on the dYdX Chain.

dYdX 鏈的一個基本面向是其慷慨的質押獎勵系統，該系統將 100% 的協議費用分配給為網路安全做出貢獻的 DYDX 質押者。這種機制為利害關係人提供了有利可圖的機會，使他們能夠累積加密資產、再投資 USDC，或利用 USDC 作為在 dYdX 鏈上進行交易的抵押品。

To date, the dYdX Chain has generated over $120 billion in cumulative trading volume, with more than $20 million in USDC distributed to stakers, highlighting the immense potential of this decentralized trading ecosystem.

迄今為止，dYdX Chain 的累積交易量已超過 1,200 億美元，其中超過 2,000 萬美元的 USDC 分配給了質押者，凸顯了這個去中心化交易生態系統的巨大潛力。

Enhanced Governance: Power in the Hands of the Community

強化治理：權力掌握在社群手中

The decentralized nature of the dYdX Chain grants the community unparalleled control over the platform's governance processes. Unlike dYdX v3, which required higher minimum deposits for proposals and a more cumbersome market listing process, the dYdX Chain boasts reduced barriers to entry for governance participation, empowering the community to actively shape the future of the platform.

dYdX 鏈的去中心化性質賦予社群對平台治理流程無與倫比的控制權。與 dYdX v3 不同，dYdX v3 要求更高的提案最低存款額和更繁瑣的市場上市流程，dYdX Chain 降低了治理參與的准入門檻，使社區能夠積極塑造平台的未來。

Conclusion

結論

The launch of the dYdX Chain marks a pivotal chapter in the evolution of decentralized finance. Its robust Proof-of-Stake security, innovative liquid staking mechanism, generous staking rewards, and enhanced governance model have positioned it as a formidable force within the DeFi landscape. The dYdX Chain is a testament to the power of decentralization and the unwavering commitment of the dYdX community to drive the industry forward. As the platform continues to evolve, it is poised to redefine the boundaries of decentralized trading and empower a new generation of crypto enthusiasts.

dYdX Chain 的推出標誌著去中心化金融發展的關鍵篇章。其強大的權益證明安全性、創新的流動質押機制、豐厚的質押獎勵和增強的治理模式使其成為 DeFi 領域的一股強大力量。 dYdX 鏈證明了去中心化的力量以及 dYdX 社區推動行業前進的堅定承諾。隨著該平台的不斷發展，它有望重新定義去中心化交易的邊界，並為新一代加密貨幣愛好者提供支援。