wethdydx

ChainCatcher message, according to official news from dYdX, there are still over 88.3 million ethDYDX tokens that have not been migrated to the native token $DYDX on the dYdX chain. The bridging service on the dYdX chain will stop supporting in about 25 days, and at that time, un-migrated tokens may no longer be convertible.

ChainCatcher message, the dYdX Foundation announced that the community has voted to stop supporting the wethDYDX smart contract (bridge) before June 2025. A total of 39 active validators and 1121 accounts participated in this vote, with a turnout of 55.71%. Among them, 90.64% supported, 0% opposed, and 9.35% abstained.

ChainCatcher message, the dYdX community has today voted to approve the DIP 27 proposal, upgrading the GovernanceStrategy smart contract to GovernanceStrategyV2, providing wethDYDX with the same utility and functionality as ethDYDX.The proposal aims to approve the inclusion of wethDYDX into the governance system of dYdX v3 after the snapshot vote. Specifically, it updates the governance contract of dYdX v3 by replacing the GovernanceStrategy smart contract with the GovernanceStrategyV2 smart contract, allowing wethDYDX to be used for voting and proposal rights purposes, similar to ethDYDX in dYdX v3.