📢 Reminder: ethDYDX Still on Polygon Bridge - Action Required by June 9, 2025

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Hi Polygon community :waving_hand:

My name is Mega and I’m from the Governance team at dYdX Foundation. I’m writing to inform you that, following a community governance proposal on the dYdX Chain, support for the ethDYDX-DYDX bridge (the “Bridge”) and the ability to migrate ethDYDX from Ethereum to DYDX on the dYdX Chain is expected to end on June 9, 2025.

This means that any ethDYDX not bridged before this date may permanently lose the ability to be converted to DYDX on the dYdX Chain.

We’ve noticed that there are still 55,624.52 ethDYDX tokens held on the Polygon Bridge contract (0x40ec5b33f54e0e8a33a975908c5ba1c14e5bbbdf).

If you hold ethDYDX on that contract, we strongly encourage to complete the bridging to dYdX Chain before June 9, 2025.

ethDYDX lost most of its utility after dYdX Trading Inc. shut down dYdX v3 in October 2024. It is therefore likely that ethDYDX could be rendered useless and, potentially, valueless as a consequence of the Bridge closure.

The dYdX Foundation has published a step-by-step guide to bridge ethDYDX from Ethereum to the dYdX Chain. Thank you!

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If you still hold ethDYDX on the Polygon Bridge, you must bridge it to the dYdX Chain before June 9, 2025. After this date, migration support ends, and your tokens may become permanently unbridgeable and potentially worthless. Act now to preserve their value. A full guide is available from the dYdX Foundation.

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Hi Polygon community, I wanted to note that an on-chain vote has been submitted to close the Bridge: https://www.mintscan.io/dydx/proposals/254

The vote will end on June 13, 2025 at 15:54 UTC. If the proposal passes, bridging within ~25 hours of the vote ending may result in ethDYDX being permanently locked in the wethDYDX contract without the user receiving DYDX on dYdX Chain.

Currently, the contract above still hold around ~69k ethDYDX. We would encourage you to complete the bridging ASAP. Thank you for your attention!