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Proposal #254

Cease Support for the wethDYDX Smart Contract (the Bridge)

PassedUpdate Safety Params

Passed on 13 Jun 2025 with 92.2% of the votes for yes.

Yes

92.2%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

13 Jun 2025

The ballotvotes cast · final tally
Yes

92.16%

of votes cast

Abstain

7.83%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

This proposal seeks dYdX community approval to discontinue support for the wethDYDX Smart Contract (the Bridge) on the dYdX Chain. If approved, the Bridge will be closed on June 13, 2025, and the dYdX Chain will no longer recognize transactions sent via the Bridge. As a result, ethDYDX holders will no longer be able to convert their tokens to DYDX on the dYdX Chain. Important for ethDYDX holders and Bridge front-end operators: Any bridging transaction initiated within ~25 hours(86,400 dYdX Chain blocks + Ethereum finality time) before the Bridge closure will fail. ethDYDX sent to the wethDYDX Smart Contract during this period will be locked in the smart contract without the user receiving DYDX on dYdX Chain. [Hidden link] [Hidden link]

Timeline

  1. Submitted09 Jun 2025
  2. Voting started09 Jun 2025
  3. Voting ended13 Jun 2025
  4. Deposit deadline16 Jun 2025

Proposer

Address
dydx1fu8…6vd6np
Deposit2.0K

Rules

Not recorded for this proposal.