dYdX, represented by the token symbol $ethDYDX, is a decentralized governance token built on the Ethereum blockchain. It gives its holders the power to shape the future of the dYdX Layer 2 Protocol, also known as dYdX v3. This protocol, built on Ethereum, offers advanced features and improved functionality for decentralized trading.
Currently, $ethDYDX is transitioning from the Ethereum network to the new dYdX Chain, a dedicated blockchain designed to further enhance the platform's performance and scalability. This migration marks an exciting step forward for dYdX and its community.
You can view, swap, send and receive ethDYDX tokens directly from your MEW Wallet. To receive your ethDYDX tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the ethDYDX token information page. You can send your ethDYDX tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your ethDYDX tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.