dYdX "Incentive Plan Restart and Revision" Proposal is now open for on-chain voting
On November 11th, dYdX Foundation announced on the X platform that the "Incentive Plan Restart and Revision" proposal has been created for on-chain voting, with an end time of early November 15th. According to the proposal, this is a proposal to modify the dYdX incentive plan, which lasts for 4 months, with $1.5 million USD per month and $6 million USD worth of DYDX tokens distributed every quarter. 60% of the rewards are allocated to market makers and 40% to traders, and the tracking API has been enhanced without a trading consortium.
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
BlackRock expands BUIDL to Aptos, Arbitrum and Optimism
BREAKING: FBI Operation on the CEO of the Most Talked Cryptocurrency Platform of Recent Times – Phone and Electronics Seized
The FBI launched an operation against one of the most talked about cryptocurrency platforms of the US elections. Here are the details.
Another Good News for Bitcoin and Cryptocurrencies – BTC-Friendly Name Appointed to a Very Critical Position in the US
A name known to be cryptocurrency and Bitcoin friendly has been elected to an important position in the US. Here are all the details.
BREAKING: As Expected, U.S. Department of Justice Launches Investigation into Prominent Cryptocurrency Platform