The dYdX community voted to pass the proposal to reduce LP rewards and increase market maker rebates

According to ChainCatcher's message, the snapshot results show that the dYdX community voted to approve the proposal to reduce LP rewards and increase market maker rebates. The market maker rebate has been increased from 0.5 bps to 0.85 bps, while LP rewards have been reduced by 50%, from 1,150,685 DYDX/epoch to 575,342.5 DYDX/epoch. The portion cut from LP rewards will go into the rewards treasury and will be distributed through DAO voting.