DYDX 代币作为 Layer-1 区块链的多面动力而飙升

DYDX 是 dYdX 链的原生代币，在推出后六个月内已成为一种多方面的资产。 DYDX 最初只是一种治理代币，现在通过质押奖励、去中心化治理和不断增加的累积交易量为生态系统提供动力。超过 2000 万美元的奖励已分配给质押者，目前已质押总供应量的 14.9%。

dYdX's Native Token Ascends as a Multifaceted Pillar of the Layer-1 Blockchain

dYdX 的原生代币成为 Layer-1 区块链的多方面支柱

London, United Kingdom – March 8, 2024

英国伦敦 – 2024 年 3 月 8 日

In a remarkable transformation within six months of its inception, DYDX, the native token of the dYdX Chain, has evolved from a governance-exclusive asset to a multifaceted powerhouse that drives the blockchain's operations and rewards its users.

DYDX（dYdX 链的原生代币）在成立后的六个月内发生了显着转变，已从一种治理专用资产发展成为推动区块链运营并奖励用户的多方面动力源。

The Genesis of DYDX

DYDX 的起源

The journey of DYDX commenced in October 2023 with its launch alongside the dYdX Chain. Prior to that, the dYdX Foundation introduced ethDYDX in August 2021, initially serving as the governance token for the Ethereum-based dYdX v3 protocol.

DYDX 的旅程始于 2023 年 10 月，与 dYdX Chain 一起推出。在此之前，dYdX 基金会于 2021 年 8 月推出了 ethDYDX，最初作为基于以太坊的 dYdX v3 协议的治理代币。

In September 2023, the dYdX community overwhelmingly voted to adopt DYDX as the native token of the dYdX Chain. Facilitating this transition, a wethDYDX smart contract was deployed, enabling token holders to seamlessly convert their ethDYDX holdings into DYDX.

2023 年 9 月，dYdX 社区以压倒性多数投票决定采用 DYDX 作为 dYdX 链的原生代币。为了促进这一转变，部署了 wethDYDX 智能合约，使代币持有者能够将其持有的 ethDYDX 无缝转换为 DYDX。

Embracing Staking for Rewards and Ecosystem Growth

拥抱质押以获得奖励和生态系统发展

The dYdX Chain employs a staking reward mechanism that allocates 100% of its protocol fees to stakers, primarily distributed in Circle (USDC). This ingenious design not only incentivizes network security but also opens up a plethora of practical use cases for stakers.

dYdX Chain 采用质押奖励机制，将 100% 的协议费用分配给质押者，主要分布在 Circle (USDC) 中。这种巧妙的设计不仅激励了网络安全，而且还为利益相关者开辟了大量的实际用例。

Stakers can effortlessly reinvest their USDC rewards into cryptocurrencies, other assets, or leverage it as collateral for trading on the dYdX Chain. Currently, over 18,900 DYDX stakers are reaping the benefits, with $20 million disbursed to date. Approximately 149 million DYDX, representing 14.9% of the total supply, are actively staked to set validators, generating an annual percentage yield of 18%.

质押者可以轻松地将其 USDC 奖励重新投资到加密货币、其他资产，或将其用作 dYdX 链上交易的抵押品。目前，超过 18,900 名 DYDX 质押者正在受益，迄今为止已支付 2000 万美元。约 1.49 亿个 DYDX（占总供应量的 14.9%）被积极质押以设置验证者，年收益率为 18%。

Liquid Staking and Enhanced Network Resilience

流动性质押和增强的网络弹性

Recognizing the imperative of mitigating malicious attacks and bolstering network security, the dYdX community approved a proposal earlier this month to liquid-stake 20 million DYDX. This strategy involves automatically compounding USDC rewards, converting them into DYDX, and reinvesting them for additional yield.

认识到减少恶意攻击和加强网络安全的必要性，dYdX 社区于本月早些时候批准了一项流动性质押 2000 万 DYDX 的提案。该策略涉及自动复合 USDC 奖励，将其转换为 DYDX，并将其再投资以获得额外收益。

A Thriving Ecosystem

蓬勃发展的生态系统

The dYdX Chain has experienced a meteoric rise, with over $120 billion in cumulative trading volume and steadily increasing staked assets. Community involvement has also flourished, with the initiation of 55 governance proposals, reflecting active participation in the network's decision-making.

dYdX Chain经历了飞速崛起，累计交易量超过1200亿美元，质押资产稳步增长。社区参与也蓬勃发展，提出了 55 项治理提案，体现了对网络决策的积极参与。

Tokenomics

代币经济学

DYDX boasts a total supply of 1 billion tokens, with a circulating supply of 501 million DYDX. Its distribution is governed by a five-year schedule.

DYDX 总供应量为 10 亿枚，流通量为 5.01 亿枚 DYDX。其分配期限为五年。

Conclusion

结论

In a short span of six months, DYDX has emerged as an indispensable cornerstone of the dYdX Chain, empowering decentralized governance, rewarding stakers, and fostering a thriving ecosystem. Its transformation from a mere governance token to a multifaceted asset underscores the transformative potential of blockchain technology and the vision of the dYdX Foundation to create a truly decentralized financial infrastructure.

在短短六个月内，DYDX 已成为 dYdX Chain 不可或缺的基石，赋予去中心化治理、奖励利益相关者并培育蓬勃发展的生态系统的能力。它从单纯的治理代币到多方面资产的转变凸显了区块链技术的变革潜力以及 dYdX 基金会创建真正去中心化金融基础设施的愿景。