dYdX: There will be transfers of dYdX tokens related to the launch of dYdX Chain in the coming days, tokens will still be locked and will not be sold

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Cointime2023/10/27 17:57

By:Cointime

dYdX Foundation has announced that there will be significant internal changes to the locked ethDYDX tokens held by investors and team members in the coming days. Locked tokens can be bridged from Ethereum to another blockchain, including the dYdX Chain, which will be reflected as transfers on both Ethereum and dYdX Chain. The foundation stated that these tokens are still locked and will not be sold, and any wethDYDX and/or dYdX-Chain DYDX tokens received in exchange for locked ethDYDX tokens will continue to be subject to the same transfer restrictions and release schedule. Like the current locked ethDYDX tokens, locked wethDYDX tokens and locked dYdX-Chain DYDX tokens can also be bridged to another blockchain for voting or delegation purposes and/or staked to validators (if applicable).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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