Deprecated contracts still holding value
dYdX v4 (dYdX Chain)'s assessment for RD-F-166 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
The wethDYDX bridge on Ethereum was officially deprecated via governance votes (Dec 2024 community vote; chain support ceased Jun 13, 2025). The bridge contract on Ethereum continues to hold substantial DYDX governance token value — Etherscan shows ~731.5M DYDX (~$103M at current DYDX spot price) in the contract at 0x46b2deae6eff3011008ea27ea36b7c27255ddfa9 [address requires curator verification]. Additionally ~41.7M ethDYDX (~$25M at earlier prices per press reports) from users who did not migrate before the deadline are permanently locked. F166 threshold (>$100K) clearly met. However, the locked value is governance token only — not trading TVS. The lock is by protocol design (bridge permanently locks ethDYDX; never held user trading collateral). Yellow: deprecated surface holds substantial value, but governance-token-only, by-design lock reduces risk severity vs. a stranded TVS scenario.
Sources #
- URLdYdX Shuts Token Bridge Leaving 45,000 Holders Stuck With $25 MillionBridge closure stranded funds coverageretrieved 2026-05-17
- Discontinuation of Support for the ethDYDX BridgeBridge discontinuation blog — dYdX Foundationretrieved 2026-05-17
- Ethereum contract holding DYDX governance tokens — possible wethDYDX bridge or wrapperBridge contract balance — Etherscan (address 0x46b2deae6eff3011008ea27ea36b7c27255ddfa9, requires curator verification)retrieved 2026-05-17
Methodology #
Determine whether contracts marked deprecated by a protocol announcement still hold >$100K in assets.
See the full factor methodology and distribution across all protocols →