TechFlow news: The dYdX Foundation announced that a large-scale internal movement involving locked ethDYDX tokens held by investors and team members is expected to occur in the coming days.
These locked tokens can be bridged from Ethereum to the dYdX Chain.
The Foundation will continuously monitor wallet addresses of locked token holders to identify any transfers that violate legal agreements, and will take legal action against non-compliant holders of locked tokens.
In addition, wethDYDX and/or dYdX-Chain DYDX tokens obtained in exchange for ethDYDX tokens will also be subject to the same transfer restrictions and release schedules. Similar to the currently locked ethDYDX tokens, locked wethDYDX and dYdX-Chain DYDX tokens can also be bridged to another blockchain, and may be used for voting, delegation, and/or staking with validators where applicable.
