According to Wu, the dYdX community has released a proposal to reduce the treasury spread parameter from 100 basis points (1%) to 30 basis points (0.3%). This is a protocol-built treasury introduced after the dYdX Chain v5.0 upgrade for passive liquidity provision. The proposal believes that reducing the spread parameter will increase trading volume, thereby obtaining more data to optimize treasury performance. If 30 basis points is too low, the parameter can be adjusted back to 100 basis points through another governance proposal. The voting deadline is 13:50 UTC on June 14, 2024.
