dYdX On-Chain Vote to Delist EOS, BTRUMP, and SKITTEN Markets

The dYdX Foundation initiated an on-chain vote on May 23, 2025, to whitelist new and existing VIP affiliates proposed by KuyenLabs. This vote, ending May 26 at 17:09 UTC, aims to boost trading liquidity on dYdX, a leading decentralized derivatives platform. Approved affiliates can earn up to 50% of taker fees (max $10,000 per referral monthly), incentivizing user acquisition and ecosystem growth (dydx.foundation). A successful vote could enhance strategic ties in DeFi, potentially positioning dYdX as a top liquidity hub. Recent NewsdYdX has been on a roll! In March 2025, they unveiled a roadmap focusing on stability, speed, and new products, including a revamped mobile app for easier trading (beincrypto.com). On May 13, DYDX’s price rose 3.2% to $2.15, with trading volume up 18% to $45.6M, reflecting strong market interest in governance-driven events (blockchain.news). Future PlansdYdX aims to dominate the decentralized derivatives market, which is still under 10% of centralized exchange volumes. Upcoming bi-weekly updates will keep users informed on platform improvements, with plans to expand trading tools and user experience (beincrypto.com). Onchain DataWhile specific voting participation metrics aren’t public, blockchain.news noted a correlation with DeFi tokens like UNI and AAVE, which saw 10-12% volume spikes on May 13, hinting at sector-wide governance interest. Onchain analytics could reveal more post-vote via platforms like Dune Analytics. Community SentimentX users are buzzing with positivity! @lovaniceth called the vote a “great example of community-driven governance,” while @gutss0x praised dYdX’s decentralization ethos. The sentiment is largely bullish, with “gdYdX” trending among supporters. Market InsightWith crypto sentiment shifting from “fear” to “neutral” in April 2025 (cointelegraph.com), DeFi governance events like this could drive further optimism. A positive outcome may push DYDX toward $2.30 resistance (blockchain.news). Risk Note: If the vote fails, sentiment could dip, leading to short-term price volatility—trade wisely!

The vote, initiated on May 29, 2025, aims to streamline the dYdX Chain’s operations by cutting the validator set to 50. Validators #51–60 hold just 0.14% of total stakeweight and show signs of disengagement, like low uptime (some as low as 80%) and missed blocks. Reducing the set is expected to lower network latency, improve consensus finality, and enhance security by removing underperforming nodes—crucial for a trading-focused chain competing with centralized exchanges (CEXs) [dYdX Foundation, 2025]. Recent NewsIn March 2025, dYdX unveiled a roadmap focusing on stability, speed, and new trading tools, including bi-weekly updates and a revamped mobile app to onboard new users [BeInCrypto, 2025]. This validator reduction aligns with that vision, ensuring the chain can handle high loads efficiently. The ecosystem also saw growth through its Grants Program, funding projects like analytics dashboards and community events [dYdX Grants, 2025]. Future PlansdYdX aims to solidify its lead in the DeFi derivatives market, which remains under 10% of CEX volumes. Upcoming features include expanded trading tools and further governance optimizations, potentially revisiting validator numbers to align with the chain’s economic health [BeInCrypto, 2025]. Onchain DataWhile specific staking metrics for dYdX Chain aren’t publicly detailed here, validators #51–60 collectively hold a mere 0.02% of stakeweight, underscoring their minimal impact [dYdX Foundation, 2025]. Broader stablecoin trends show billions in daily weekend volumes, hinting at growing DeFi activity that dYdX can tap into [Visa Onchain Analytics, 2025]. Community SentimentX reactions are overwhelmingly positive, with users like @Sirus_023 praising dYdX’s community-driven approach and @gutss0x celebrating the power of decentralization. The vote has sparked active engagement, with calls to participate from @CryptoExpressX and others. Risk DisclaimerGovernance votes can lead to short-term price volatility; always DYOR before staking or trading.

The dYdX Foundation, in partnership with KuyenLabs, launched an on-chain vote to whitelist VIP affiliates, aiming to boost trading liquidity and deepen institutional ties on the dYdX decentralized exchange. The vote, live since May 29, ends on June 2, 2025, at 15:30 UTC. The VIP Affiliate Program offers up to 50% of referred user taker fees (capped at $10,000 monthly per referral), incentivizing larger KOLs and institutional players to join the platform [dydx.forum]. Early voting data on Mintscan shows strong support, with 88.24% "YES" votes and a 39.92% turnout as of May 31 [Mintscan]. Recent NewsThis isn’t dYdX’s first rodeo! In April 2025, a similar vote led to a 5.6% DYDX price surge (from $1.25 to $1.32) and a 20% trading volume spike within an hour [blockchain.news]. Meanwhile, dYdX’s Surge Season 2 just wrapped up, driving user activity and setting the stage for Season 3, which is fueling speculation of another price breakout [X post by CryptoNews_1]. Future PlansdYdX is doubling down on accessibility and transparency. Their roadmap includes a faster front-end rewrite, new order features like TWAP, and bi-weekly development updates to keep the community in the loop [dydx.xyz]. These upgrades aim to solidify dYdX as a leading DeFi trading platform. Onchain DataStakingRewards reports dYdX’s circulating supply dynamics are tightening, with active buyback programs using protocol fees to reduce token supply—a bullish signal for DYDX holders [stakingrewards.com]. However, exact trading volume data post-Surge Season 2 is unavailable as of now. Community SentimentX reactions are mixed but largely positive. Users like @Priest_JK23 and @HamzaMurtala7 praise dYdX’s community-driven approach, though some, like @FridayPer43217, question the proposal’s tangible impact. The buzz around Surge Season 3 is also driving FOMO! Why It MattersApproval could enhance dYdX’s credibility, attract more liquidity, and potentially spark a price rally—perfect for traders eyeing short-term gains. Risk Disclaimer: Price volatility is common during governance events; trade wisely!

The vote, initiated by the dYdX Foundation (@dydxfoundation), asks whether to cease support for the wethDYDX Smart Contract (the bridge) [Post: 1932132838364586122]. If approved, this move would halt direct token transfers between Ethereum and the dYdX Chain, potentially locking ethDYDX tokens if bridged within 25 hours of the vote’s end [Post: 1932132840520515627]. The purpose? To streamline operations on the dYdX Chain, enhancing scalability and reducing reliance on Ethereum’s network. This could boost efficiency but may limit accessibility for Ethereum-based traders. A prior governance proposal on June 8, 2025, showed 91% community support, signaling strong momentum [blockchain.news, June 9, 2025]. Users are urged to bridge assets ASAP to avoid risks.Recent NewsdYdX has been making waves in 2025. In March, the project unveiled a roadmap prioritizing stability and speed, including a partnership with Skip to cut deposit/withdrawal times to under a minute (down from 18+ minutes) [beincrypto.com, March 11, 2025]. Despite Indexer instability causing website disruptions, the dYdX Chain has remained robust, reinforcing its appeal. The Ethereum Foundation’s recent treasury strategy update (June 5, 2025) also highlights the next 18 months as “pivotal” for blockchain projects like dYdX [cointelegraph.com, June 5, 2025], setting the stage for this vote.Future PlansPost-vote, dYdX aims to expand its ecosystem with new trading tools and a detailed roadmap, focusing on user experience and cross-chain integration [beincrypto.com, March 11, 2025]. The shift to the dYdX Chain aligns with long-term goals of decentralization and performance, potentially attracting more traders if liquidity adapts successfully.Onchain DataSpecific onchain metrics (e.g., transaction volume or staking data) for this vote aren’t publicly detailed yet, but dYdX’s proof-of-stake blockchain relies on validator nodes for security [www.dydx.xyz] (http://www.dydx.xyz]). Historical data from similar bridges shows high activity during critical votes, suggesting a spike in wallet interactions as the deadline nears. Check dYdX’s official site for real-time updates.Community SentimentX reactions are mixed but engaged. Users like @Yosefphr are acting quickly to bridge assets, showing proactive sentiment [Post: 1932133652265332976], while others seek clarity on risks. Influencers highlight the vote’s potential to impact DYDX liquidity, with minor price dips noted in correlated tokens like UNI and AAVE [blockchain.news, June 9, 2025]. Sentiment leans cautiously optimistic, pending the outcome.Additional InsightsThis move mirrors broader DeFi trends toward native blockchains, with Chainalysis reporting $2 billion lost in bridge hacks by 2022 [Chainalysis, 2022]. For users, benefits include faster trades, but risks like token lockups require vigilance. Bitcoin’s $69,000 price (June 9, 2025) suggests a stable market, though volatility could follow [CoinGecko, June 9, 2025]. Risk Disclaimer: Always assess risks like token lockups or market shifts before acting. DYOR!