PANews reported on September 22nd that dYdX stated in its official blog that the dYdX community has recently expressed concerns about the discontinuation of support for the wethDYDX smart contract (referred to as the "cross-chain bridge"). Due to governance results, support for the cross-chain bridge officially ended in June 2025. The dYdX Foundation hopes to further clarify the governance process that led to this result and the role of the foundation in the ecosystem. Discontinuing support for the cross-chain bridge is a formal governance decision made by the dYdX community. Although the role of the foundation is to support governance, education, and coordination, it does not act as a liquidity provider or a unilateral decision-maker. Any subsequent actions must be initiated by the community itself to ensure that dYdX remains decentralized.PANews reported on September 22nd that dYdX stated in its official blog that the dYdX community has recently expressed concerns about the discontinuation of support for the wethDYDX smart contract (referred to as the "cross-chain bridge"). Due to governance results, support for the cross-chain bridge officially ended in June 2025. The dYdX Foundation hopes to further clarify the governance process that led to this result and the role of the foundation in the ecosystem. Discontinuing support for the cross-chain bridge is a formal governance decision made by the dYdX community. Although the role of the foundation is to support governance, education, and coordination, it does not act as a liquidity provider or a unilateral decision-maker. Any subsequent actions must be initiated by the community itself to ensure that dYdX remains decentralized.
dYdX Clarification: The suspension of the wethDYDX cross-chain bridge was a decision made by community governance, not by the foundation alone.
2025/09/22 18:22
PANews reported on September 22nd that dYdX stated in its official blog that the dYdX community has recently expressed concerns about the discontinuation of support for the wethDYDX smart contract (referred to as the "cross-chain bridge"). Due to governance results, support for the cross-chain bridge officially ended in June 2025. The dYdX Foundation hopes to further clarify the governance process that led to this result and the role of the foundation in the ecosystem. Discontinuing support for the cross-chain bridge is a formal governance decision made by the dYdX community. Although the role of the foundation is to support governance, education, and coordination, it does not act as a liquidity provider or a unilateral decision-maker. Any subsequent actions must be initiated by the community itself to ensure that dYdX remains decentralized.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Aster Genesis Phase 2 will conclude on October 6, with Phase 3 to include spot trading volumes
PANews reported on September 22nd that the decentralized exchange Aster announced that the second phase of Aster Genesis will conclude at 23:59 UTC on October 5th (07:59 Beijing Time on October 6th). With two cycles remaining, users can still trade and earn Rh points—4% of the total ASTER supply has been allocated for Phase 2 rewards. Phase 3 will follow shortly thereafter, incorporating spot trading points and updating the rewards mechanism.
Share
PANews2025/09/22 21:37
Ripple Partners Trillion-Dollar Manager Franklin Templeton and DBS to Launch Tokenized Finance Solutions
Ripple, Franklin Templeton, and DBS have joined forces to advance tokenized finance through a new collaboration. The three firms signed a partnership to develop lending and trading tools using tokenized money market funds and Ripple’s new stablecoin, Ripple USD (RLUSD).Visit Website
Share
The Crypto Basic2025/09/18 17:21
Shiba Inu (SHIB) Hype Is Fading Fast As MUTM at $0.035 Steps into the Limelight As The Best Crypto To Buy Now
Traders have observed the price of Shiba Inu (SHIB), struggling around the price of $0.00001 in the early weeks of November 2025, within the confines of a symmetrical triangle since the middle of October. The resistance levels have held up well at the 50-day-low Exponential Moving Average of $0.00001026, having faced three rejections, thus indicating […]
Share
Cryptopolitan2025/11/04 17:30