Anchorage Digital Supports dYdX Tokens at Launch
Diogo Mónica, Co-founder and President
Institutions can now hold governance token, dYdX (DYDX) today at launch in Anchorage custody. dYdX is a decentralized margin trading platform where traders can truly own their trades. With the launch of its governance token, they, along with Anchorage clients, can now participate in important decisions in the project’s direction.
Anchorage Digital has always been committed to bringing our clients access early on to new assets that meet our standards for security and quality. We’re proud to continue offering our clients exposure to new assets thanks to the dedicated work of our engineering team.
About dYdX (DYDX)
The DYDX token is an ERC-20 forked from Aave’s governance token with a liquidity-based governance approach allowing its community to engage in on-chain voting on protocol and market proposals, as well as liquidity miners. In its 2017 whitepaper, dYdX lays out its standards for trading, along with initial governance structure.
Anchorage already supports custody for many governance tokens including AAVE, COMP, MKR, SUSHI, and TRIBE as well as simple and secure on-chain governance voting with offline assets.
If you’re holding or plan to hold DYDX, or if you’d like to learn more about Anchorage, please get in touch.
Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured. All loans are made or arranged by Anchorage Lending CA, LLC pursuant to California Finance Lenders Law License №60DBO-119768. Any depictions of simulated or past loan performance are not necessarily indicative of future results.
