The address which minted this POAP participated in the KZG Summoning Ceremony: a publicly coordinated ritual to produce a random output. This output will be used in Proto-Danksharding, aka EIP 4844: an Ethereum scaling mechanism which will hopefully enable lower Layer 2 fees and greater global accessibility. EIP-4844 is expected to go live with the Dencun network upgrade in the near future. As of the time of writing, this ceremony was the largest setup of this kind when considering the number of contributions.

Six years ago in a galaxy far, far away, ENS was launched. Holders of this POAP have an avatar and their primary name set on an ENS name at the time of the 6th anniversary of the Ethereum Name Service.

This limited edition POAP serves as a symbol of achievement and recognition for those who have completed the second quiz during the launch of the dYdX Academy. It serves as a reminder of the knowledge and skills acquired. It is a unique and valuable token that can be proudly displayed.

This POAP was distributed to voters of the proposal PSP-IPΔ22: PSP 2.0 PSP 2.0 is a complete overhaul of PSP tokenomics, radically reducing token emissions and introducing protocol fee redistribution to stakers. It also introduces Social Escrow PSP (sePSP), a novel model in DeFi that rewards stakers who perform actions beneficial for ParaSwap Protocol and DAO growth.