DYdX Foundation: Large-scale internal token transfers related to the launch of DYdX Chain will occur in the next few days

According to ChainCatcher, the dYdX Foundation issued an announcement that it expects large-scale internal movement of locked ethDYDX tokens held by investors and team members in the next few days. Locked tokens can be bridged from Ethereum to dYdX Chain. The dYdX Foundation will continue to track the wallet addresses of locked token holders to determine if there are any transfers that violate legal agreements, and will take legal action against locked token holders who do not meet the requirements.

Additionally, wethDYDX or dYdX-Chain DYDX tokens received in exchange for ethDYDX tokens will continue to be subject to the same transfer restrictions and release schedules.Like currently locked ethDYDX tokens, locked wethDYDX tokens and dYdX-Chain DYDX tokens may also be bridged to another blockchain for voting or delegation purposes and/or staked to a validator where applicable.