dYdX Foundation applies to DAO for an operating budget of US$30 million within three years
On January 30th, dYdX Foundation is seeking $30 million in funding from DAO and will use it over the next three years. If approved by dYdX token holders (voters in DAO), it will reward the Foundation with 4% of the current treasury in DAO. When the Foundation first shared this request last Friday, it received widespread approval from dYdX stakeholders (from validators to representatives). Voting will continue until February 2nd.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Foundation’s Sell-Off Continues
Japan Holds Rates Steady, Bitcoin Surges Amid Market Optimism
Bitcoin (BTC) Soars to 54.9% Crypto Market Dominance
BREAKING: MicroStrategy Raises $1 Billion to Buy More Bitcoin