The dYdX community approves revenue sharing proposal
The proposal, passed on Nov. 15, allocates 50% of protocol revenue to the MegaVault and 10% to the Treasury SubDAO. According to the dYdX Foundation, the expedited vote saw a turnout of 76.99%, with over 155 million DYDX representing 89% of the vote in favor.
The dYdX Foundation has announced that the community has approved a key proposal to implement a revenue-sharing mechanism.
The proposal, passed on Nov. 15, allocates 50% of protocol revenue to the MegaVault and 10% to the Treasury SubDAO. According to the dYdX Foundation, the expedited vote saw a turnout of 76.99%, with over 155 million DYDX representing 89% of the vote in favor.
dYdX’s holders voted on the proposal a few weeks after research and software engineering solutions provider nethermind published it in the community forum on Oct. 22. Targeted ecosystem aspects include DYDX tokenomics, and protocol competitiveness.
It’s omplementation will mean enhanced DYDX token utility, reduced emissions, competitiveness against competing protocols such as Hyperliquid.
