dYdX's Vote to Launch $5.5 Million Grants Program Approved

The vote on dYdX's proposal to launch the $5.5 million grant program "dYdX Grants Program v1.5" has been approved. dYdX will launch the program within 6 months prior to the V4 launch and will transfer $5.5 million in $DYDX from the Community Treasury to the dYdX Grants Multisig. The amount of $DYDX will be determined at the time of DIP submission based on price. In addition, dYdX will remove Su Zhu and Zhuoxun Yin as Trustees of the dYdX Grants Trust and appoint Lily Liu and Alexios Valonasis as dYdX Grants Trust Trustees.