Description
dYdX Foundation is an independent not-for-profit foundation headquartered in Zug, Switzerland, founded in June 2021. Its stated vision is to democratize access to financial opportunity, and its mission is to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance. The Foundation is one of several core contributors to the broader dYdX Ecosystem, which also includes dYdX Trading (the core development team behind the dYdX Protocol), dYdX Grants (a grant-making trust responsible for administering grants to dYdX contributors), and the dYdX Operations Trust (an operational trust supporting the dYdX Chain). In September 2023, the dYdX community voted to adopt DYDX as the Layer 1 token powering the dYdX Chain, giving it expanded utility in security, staking, and governance; the dYdX Chain distributes 100% of protocol fees in USDC to stakers who help secure the chain. Community members can engage with dYdX through governance participation, contributing to open-source code, trading on the platform, or joining community discussions across channels like X, the governance forum, Discord, and YouTube.