With an industry-leading product and a strong trajectory of organic growth, the dYdX Layer 2 protocol is ready for the next phase of its evolution u2014 handing over control to the community through the launch of DYDX.
DYDX is a governance token that allows the dYdX Protocol's community to truly own & govern the dYdX Layer 2 protocol. By enabling shared control, DYDX aligns incentives between traders, liquidity providers, and partners of the Layer 2 protocol.
DYDX enables a robust ecosystem around governance, rewards, and staking u2013 each designed to drive future growth & decentralization of the dYdX Layer 2 protocol.
