The dYdX Foundation has announced that the community has approved a proposal to implement a revenue-sharing mechanism. The proposal allocates 50% of protocol revenue to the MegaVault and 10% to the Treasury SubDAO. This implementation will enhance DYDX token utility, reduce emissions, and increase competitiveness against other protocols. The MegaVault feature will incentivize user participation and support the decentralized exchange when the protocol launches. The dYdX Chain has generated over $232 billion in trading volume since its launch in October 2023, with $39 million distributed to validators and stakers.



Other News from Today