Hello dYdX Team,
I am a DYDX holder who still holds a significant amount of ERC-20 DYDX tokens on the Ethereum network. Unfortunately, I was unable to migrate to the new dYdX Chain before the bridge was closed.
At present, ERC-20 DYDX liquidity is extremely low. Most major exchanges have stopped supporting ERC-20 deposits, which means that the only available option is to swap via DEX with very high slippage — leading to a substantial financial loss. In my case, the potential loss is extremely large compared to the original value.
I believe there are still many other holders facing the same situation. Therefore, I respectfully request that the dYdX DAO or Foundation consider:
Temporarily reopening the ERC-20 → dYdX Chain migration bridge for remaining holders.
Partnering with additional centralized exchanges (e.g., Binance, OKX, KuCoin) to support automatic ERC-20 to dYdX Chain migration.
These steps would greatly help affected community members, preserve trust in the dYdX ecosystem, and show that the DAO values fairness and inclusivity.
Thank you for your attention and support. I remain a strong believer in the future of dYdX and hope that a solution can be found.