ChainCatcher news, dYdX has announced on platform X that over 110 million ethDYDX have not yet been migrated to the native DYDX on the dYdX chain. Nethermind has proposed to stop supporting the bridging function on the dYdX chain in about 55 days ------ after this, unbridged tokens may no longer be exchangeable.

ChainCatcher message, the dYdX Foundation announced that the community has voted to stop supporting the wethDYDX smart contract (bridge) before June 2025. A total of 39 active validators and 1121 accounts participated in this vote, with a turnout of 55.71%. Among them, 90.64% supported, 0% opposed, and 9.35% abstained.

ChainCatcher news, according to official data, since the launch of the dYdX Chain mainnet, over 433 million ethDYDX have been cross-chain transferred, and the current DYDX staking amount exceeds 13.71 million.

ChainCatcher message, the dYdX Foundation officially stated that since the genesis of the dYdX Chain mainnet, over 349 million ethDYDX have been cross-chain migrated, with a total staked amount of 6.85 million DYDX.

ChainCatcher news, dYdX Ops subDAO announced the launch of a user bridging interface, allowing users to bridge ethDYDX tokens from Ethereum to the dYdX chain according to its token migration guide.dYdX stated that there are two key phases involved after the genesis: the Alpha phase aims to ensure network security, and the Beta phase will enable limited trading. Currently, the dYdX Ops subDAO has launched the dYdX chain in the Alpha phase, which will include bridging and staking, while the security and effectiveness of the chain will be confirmed by DOS.

ChainCatcher message, the dYdX community has today voted to approve the DIP 27 proposal, upgrading the GovernanceStrategy smart contract to GovernanceStrategyV2, providing wethDYDX with the same utility and functionality as ethDYDX.The proposal aims to approve the inclusion of wethDYDX into the governance system of dYdX v3 after the snapshot vote. Specifically, it updates the governance contract of dYdX v3 by replacing the GovernanceStrategy smart contract with the GovernanceStrategyV2 smart contract, allowing wethDYDX to be used for voting and proposal rights purposes, similar to ethDYDX in dYdX v3.