๐ Exciting news from the dYdX Foundation! The community has approved a major proposal for a revenue-sharing mechanism. Here's the scoop:
- 50% of protocol revenue will flow into the MegaVault, boosting liquidity with USDC deposits for yield. ๐ฐ
- 10% goes to the Treasury SubDAO, enhancing staking rewards.
- The proposal saw a 76.99% turnout, with 89% voting in favor.
This move aims to enhance DYDX token utility and competitiveness. What are your thoughts on this strategic shift? Share in the comments!