Hi Uniswap community
My name is Mega and I’m from the Governance team at dYdX Foundation. I’m writing to inform you that, following a community governance proposal on the dYdX Chain, support for the ethDYDX-DYDX bridge (the “Bridge”) and the ability to migrate ethDYDX from Ethereum to DYDX on the dYdX Chain is expected to end on June 9, 2025.
This means that any ethDYDX not bridged before this date may permanently lose the ability to be converted to DYDX on the dYdX Chain.
We’ve noticed that there are still ~92k ethDYDX tokens held on the following Uniswap pools:
- 0xe0cfa17aa9b8f930fd936633c0252d5cb745c2c3
- 0xd8de6af55f618a7bc69835d55ddc6582220c36c0
- 0xbf9b537c47441a56ecca20b574666fd1c64b6969
If you hold ethDYDX in one of these pools, we strongly encourage you to unwind your position and complete the migration to DYDX on the dYdX Chain before June 9, 2025.
ethDYDX lost most of its utility after dYdX Trading Inc. shut down dYdX v3 in October 2024.
It is therefore likely that ethDYDX could be rendered useless and, potentially, valueless as a consequence of the Bridge closure.
The dYdX Foundation has published a step-by-step guide with instructions on how to bridge to dYdX Chain.