The dYdX community voted to approve the proposal "dYdX Foundation applies to DAO for an operating budget of US$30 million within three years"
The dYdX community voted in favor of the proposal "dYdX Foundation applies to DAO for a 30 million USD operating budget within three years".
As previously reported by BlockBeats on January 30th, according to Coindesk, the dYdX Foundation sought funding of 30 million USD from DAO, to be used within the next three years.
If dYdX token holders (voters in DAO) approve, it will reward the foundation with 4% of the current funds in the DAO treasury. When the foundation first shared this request last Friday, it received widespread approval from dYdX stakeholders (from validators to representatives). The 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.
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