The dYdX Foundation is applying for US$8 million to launch a new dYdX funding program
According to online reports, according to the official governance forum, dYdX Grants Ltd., a wholly-owned subsidiary of the dYdX Foundation, is applying for US$8 million in DYDX from the dYdX Chain Community Finance Department to launch, manage and operate the new dYdX funding program. The funding is expected to last for approximately 12-18 months. This will allow dYdX-funded projects to expand support for developers, researchers, and contributors across the entire dYdX ecosystem, and improve operational efficiency and cost-effectiveness, among other things. After feedback from the dYdX community, it is planned to launch the on-chain governance proposal on August 4.
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