Many community members, including myself, still hold DYDX tokens in the ERC-20 format on Ethereum. Since the official bridge was closed, there is currently no fair or straightforward way to migrate these tokens to the dYdX Chain.
This DRC proposes that the community discusses possible solutions to enable a smooth and fair migration for ERC-20 holders.
Motivation
The closing of the bridge has left a group of long-term supporters unable to participate fully in the new ecosystem. Current alternatives (DEX swaps) are not feasible due to low liquidity and heavy losses.
It is important for the integrity of the community and fairness to provide ERC-20 holders with a proper migration path.
Proposed Solutions
I would like to open discussion on the following possible approaches:
1. Reopen the bridge temporarily — allow ERC-20 DYDX holders to convert their tokens into native DYDX at a 1:1 rate.
2. Provide official liquidity on decentralized exchanges — so ERC-20 holders can swap at a fair price without extreme slippage.
3. Introduce an alternative migration contract — enabling ERC-20 tokens to be redeemed directly for DYDX on the new chain.
Any of these approaches could work, and the exact design can be debated by the community and core team.
Next Steps
• Gather feedback from the community.
• Assess technical and governance feasibility.
• If there is strong support, move this DRC forward into a DIP for formal consideration.
I kindly ask the dYdX team and community not to close this discussion prematurely, as it remains an unresolved issue for many users. Let’s work together to find a fair solution.
I am writing with deep respect and concern to sincerely request the reopening of the ETH–dYdX bridge. I understand that the bridge closure was decided through a governance proposal and executed automatically, but many users, including me, are now unable to access their tokens, which has created a very difficult situation for us.
We kindly ask, if possible, to provide even a temporary solution to reopen the bridge. This action would be extremely valuable for the community, and we would be deeply grateful.
I fully support the consideration of this DRC. I was unable to migrate ethDYDX within the specified migration period. This is a significant amount for me, and it is a big financial loss. I have long supported the development of the DYDX project and am a long-term coin holder. I am confident that such community members (holders) are valuable to the project and the team. Although some of our community members were unable to migrate their coins (manually), I ask the DYDX Community and Team to find a fair way to transfer (migrate, exchange) coins for those who were late.
With respect to all Community members and the DYDX Team.
I fully support this DRC. Many of us are still holding ERC-20 DYDX and there should be a fair migration path. Reopening the bridge or creating another official option would really help the community.
I fully support the concerns raised here. Like many others, I still hold ERC-20 DYDX and currently face the same problem of having no fair way to migrate. I kindly ask the team and community to keep this discussion open and to work towards a fair solution, whether through a temporary bridge reopening or another migration mechanism. It is important to respect long-term holders who supported the project from the early stages.
I have been a DydX token holder for a long time and did not plan to sell it for a long time, so I kept everything in a cold wallet. I was very surprised when I found out that one of my favorite tokens simply disappeared - there was still an opportunity to sell it at a 90% discount. I ask the team to consider the possibility of a fair conversion. Thank you
Other projects, when migrating tokens (for example, changing the network or smart contract), leave the bridge or the conversion mechanism available for a long time, sometimes even indefinitely.
They do this so that any holders in the future can convert old tokens into new ones, even if they didn’t follow the news.
This practice is considered normal and fair towards the community, because there are always some users who don’t check the project every day and might miss deadlines.
I am also a holder of DYDX tokens on the ERC-20 network, for about two years now. Unfortunately, I am not an active member of the community and did not closely follow the news specifically for this project (my tokens have been sitting in a hot wallet for a long time). Consequently, I also did not manage to migrate to the other network in time.
For me, this is a significant amount of money, and losing it would greatly impact my financial situation. None of the major cryptocurrency-related public channels I am subscribed to provided information about the final bridge shutdown date, and I physically could not have known that migration was required by a specific deadline.
Perhaps I am at fault for not paying enough attention. I would like to very sincerely ask the team to please give us another opportunity to transfer our tokens to the other network! I truly hope you can understand our situation.
I want to fully support this proposal on behalf of those of us who missed the migration deadline.
I personally still hold a significant amount of ethDYDX tokens in my old wallets. Unfortunately, I was not active in the crypto space during the migration period and only recently rediscovered these tokens, which meant I missed the bridging deadline.
We are not asking for unlimited extensions, only a limited, fair migration window so that affected users can move their tokens to the dYdX chain and continue to contribute as active participants.
I strongly urge validators and the community to support this proposal. It’s about fairness and trust — ensuring that no long-term supporters are permanently excluded due to circumstances or inactivity during the migration period.
Please consider reopening migration for a limited period so that genuine holders can complete the process.
Thank you for your detailed reply and for clarifying the governance decisions and timeline regarding the discontinuation of the wethDYDX Bridge.
While I understand and respect the governance process, I am now in a very difficult position — my DYDX tokens remain on Ethereum (ERC20) and cannot be traded or bridged to the new chain, which has caused a significant loss of liquidity and utility for my holdings.
Since reopening the Bridge is not currently possible, could you please:
Recommend any official partners, exchanges, or OTC desks that can facilitate a safe migration from ERC20 DYDX to DYDX Chain.
Suggest any community-led initiatives or proposals that could address the situation for holders like myself who missed the deadline.
I am willing to cover reasonable fees for any safe and legal solution. Your guidance would be greatly appreciated.
Since the bridge closure, many ERC-20 DYDX holders have been left without a practical way to migrate their tokens to the native chain. This situation limits participation in the ecosystem and creates a sense of unfairness.
I kindly ask you to consider one of the following solutions:
• Temporarily reopening the migration bridge,
• Providing official liquidity on DEXs to enable fair ERC-20 to native swaps,
• Or deploying a new contract that allows direct conversion from ERC-20 to native DYDX.
Implementing any of these measures would ensure a fair and complete transition for all users while reinforcing trust in the DYDX project.