August 5, 2021 dYdX to launch governance token.

DeFi margin trading protocol dYdX has announced its intention to launch a governance token, according to a posting on its foundation’s website. 7.5% of the overall token supply will be allocated to existing users, and distribution will follow a five year vesting schedule. Just over 27% of the total supply, the largest planned allocation, will be reserved for current and future investors.