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How to Stake dYdX
You can earn rewards for dYdX through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.
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About dYdX
This page refers to the ERC-20 version, please see COSMOSDYDX for the version supported for trading on Coinbase. dYdX protocol is a decentralized platform designed for perpetual trading and derivatives on blockchain networks. Built initially on Ethereum and later transitioning to its own dYdX Chain based on the Cosmos SDK, the protocol aims to provide users with fast, low-cost, and decentralized trading solutions.
12/18/2025, 3:02:53 AM
Market Stats
Market Cap
€6.03M
6.32%
FDV
€144.82M
Circ. Supply
42M DYDX
Max Supply
1B DYDX
Total Supply
1B DYDX
Diluted Valuation
€125.73M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
€9.54M
3.37%
Volume (7D)
€68.88M
Volume (30D)
€309.18M
All time high
€20.13
Price Change (1Y)
Not enough data
90.03%
Additional details
Market details
DYDX vs markets
↘ 87.68%
DYDX vs BTC
↘ 88.79%
DYDX vs ETH
↘ 88%
Tags
decentralized-exchange-dex-token
defi
derivatives
privacy
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x92D6C1e31e14520e676a687F0a93788B716BEff5 | |
Solana | 4hx6bj56egyw8ejrrhem6lbqavvyrikycwsaletrwyru |
Price history
Time | Price | Change |
|---|---|---|
Today | €0.14 | |
1 Day | €0.15 | |
1 Week | €0.16 | |
1 Month | €0.24 | |
1 Year | €1.65 |
FAQ
dYdX is a layer 2protocol, and layer 2 is a secondary framework or protocol created on top of an existing blockchain system. The primary purpose of such protocols is to address the significant cryptocurrency networks' transaction speed and make a blockchain more efficient. DYDX is the governance token of the platform that gives the dYdX community complete control over the system. DYDX lets traders, liquidity providers, and dYdX partners collaborate on the dYdX layer 2 protocol. DYDX creates an ecosystem around governance, rewards, and staking, all designed to propel dYdX's growth and decentralization, resulting in a better user experience.
The user interface is friendly, as the dYdX platform provides various features:
Additionally, the platform also has a concept of epochs. Epochs are 28-day periods that govern all rewards and staking contracts. When the current epoch finishes, a new one begins automatically. Trading rewards are distributed at the end of each epoch. Around seven days after the epoch ends, users can claim their rewards. As the whitepaper of the platform states, any successful exchange relies heavily on liquidity. The liquidity provider rewards are also handed out after the end of epochs. Apart from this, 7.5% of the initial token supply is allocated for distribution to past users of any dYdX protocol who have completed certain trading milestones on the platform.
Another important part of the platform is a community treasury. The community treasury has 5% of the initial token supply. The treasury's goals are to fund programs and initiatives that propel dYdX forward and create funding programs to support community NFTs, hackathons, analytics dashboards, memes, translations, and other initiatives. The treasury is also utilized to create a governance framework and incentivize strong governance.
Users can stake USDC and DYDX to earn staking rewards. DYDX is issued to users who stake USDC to the liquidity staking pool to foster liquidity network effects and incentivize professional liquidity providers. Community-approved liquidity providers use the staked USDC to construct markets on the dYdX. This further increases the liquidity accessible throughout the markets. DYDX payouts are given in real time based on each staker's share of the total USDC in the pool. Staking pools are the way to increase the protocol's liquidity and security.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.