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dYdX Foundation Raises $8 Million to Accelerate Ecosystem Development
Summary: According to official sources, the dYdX Foundation has announced the allocation of $8 million in DYDX tokens from the dYdX Chain Community Treasury to upgrade its funding program. The aim is to accelerate ecosystem growth, improve capital efficiency, and provide strategic funding support for high-impact projects. The $8 million will be focused on three main ...
According to official sources, the dYdX Foundation has announced the allocation of $8 million in DYDX tokens from the dYdX Chain Community Treasury to upgrade its funding program. The aim is to accelerate ecosystem growth, improve capital efficiency, and provide strategic funding support for high-impact projects. The $8 million will be focused on three main areas over the next 12-18 months: infrastructure, development tools, and security system construction; ecosystem expansion plans; and cutting-edge technology research and development. The new program will be operated directly by the foundation's wholly-owned subsidiary, dYdX Grants Ltd., replacing the previous Grants DAO structure.
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Link: dYdX Foundation Raises $8 Million to Accelerate Ecosystem Development [Copy]
