How To Delegate

Direct Source:

You can delegate from the dYdX Governance Dashboard:

dYdX allows holders to delegate voting rights to the address of their choice.

Anybody can participate in dYdX governance by receiving delegation, without needing to own DYDX. Users can delegate to one address at a time, and the number of votes added to the delegatee’s vote count is equivalent to the balance of DYDX in the user’s account.

Votes are delegated from the current block and onward, until the sender delegates again, or transfers their DYDX.

Token holders can choose to delegate one or both of the governance powers associated with a token, either through the governance portal or programmatically. A user that has received delegated power can not forward this delegated power to another delegatee.

Token holders can delegate proposing power and voting power to different addresses. However, there is no partial delegation (only 100% or 0% of power.)

To delegate your tokens to a wallet address:

  • Click on "Delegate"

  • Select type of power you want to delegate

  • Enter a Wallet Address for a third party to whom you would like to delegate your voting and/or proposal power to. Delegating powers does not transfer your tokens

Delegating and undelegating DYDX require users to spend Ethereum gas fees.

Last updated