governance vote

  • dYdX reduces transaction rewards

    It is reported that the dYdX community has reduced the transaction reward by 45% of the governance vote (from 2876712 DYDXs to 1582192 DYDXs, and the rest will be accumulated), of which more than 25 million votes were in favor of the vote and 5 million votes were against it, aiming to increase the number of Token in the agreement reward treasury. DYdX community has passed the governance vote of reducing transaction rewards by 45% Analysis based on this information:The dYdX community has made a significant decision to reduce their transaction rewards by 45%, which amounts to over 1 million DYDX tokens. Out of the total number of votes cast, more than 25 million votes were in favour of the decision to reduce transaction rewards, while only 5 million votes were cast against it. The primary reason behind this decision is to accumulate more tokens in the agreement reward treasury. The agreement reward treasury is a pool of funds managed…

    03/14/2023
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