dYdX DAO Treasury Management Details Announced, Facing Asset Conversion and Risk Concentration Challenges

dYdX has released details of the management of the dYdX DAO pool, with 80.5 million vested DYDX and 19.4 million vested stDYDX in the Community Vault as of the date of release. In addition, 129.7 million DYDX will be vested in the Community Vault until August 2026 from the Community Vester.
The Community Vault's assets are currently limited to DYDX and stDYDX tokens. The lack of a legal entity may create uncertainty from a tax and regulatory perspective if a community wishes to convert some of its assets or earn other assets such as USDC.
Having a single asset type for community funding creates significant volatility and risk concentration, making long-term financial planning challenging and making it difficult to sustain DAO operations over time. It may be in the best interest of the community to expand the dYdX DAO to include a treasury sub-DAO.