dYdX Grants plans to apply for 12 million USD DYDX tokens from the community treasury to fund ecosystem development programs

ChainCatcher news, a new proposal has been initiated on the dYdX community forum, requesting $12 million worth of DYDX tokens from the community treasury for the dYdX Grants program to fund the development plan of the dYdX ecosystem.

It is reported that this funding is expected to provide an additional 24 months of support for the program, which also includes an operational budget and volatility buffer. The main goal of the dYdX Ecosystem Growth Fund (DEP) program is to act as a partner and financing department for dYdX, helping to support infrastructure, chain services, protocol development, and growth.