dYdX Trading Inc. has announced a partnership with Robinhood to launch a new decentralized exchange named Arcus, which will operate on the Robinhood Chain. This new venture is an independent infrastructure and does not affect the existing dYdX Chain. All functions on the dYdX Chain, including trading, deposits, withdrawals, staking, and governance, continue to operate normally.
The governance and staking mechanisms of the DYDX token remain unchanged, with staking rewards still being distributed in USDC. The dYdX Foundation reiterated its commitment to supporting the dYdX protocol and community governance, ensuring that its responsibilities in these areas remain steadfast.
dYdX Partners with Robinhood to Launch Decentralized Exchange Arcus
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