GovernanceStrategyV2 Smart Contract
Overview of the GovernanceStrategyV2 Smart Contract
Currently, the dYdX
GovernanceStrategy Smart Contract determines the proposal and voting power of each individual address at a specific block number. This contract weighs the proposal and voting power from both ethDYDX as well as StkDYDX tokens equally. In addition to being considered for on-chain voting, this contract is also used by Snapshot to determine a given user's voting power and/or proposal power for off-chain voting.An updated
GovernanceStrategy Smart Contract, GovernanceStrategyV2 Smart Contract,has been created and if deployed and if the dYdX community decided through dYdX governance, could replace the original GovernanceStrategy Smart Contract. The GovernanceStrategyV2 Smart Contract is essentially the same as the current corresponding contract with added support for the wethDYDX token address, which will be treated equivalently to the ethDYDX and stkDYDX. The GovernanceStrategyV2 Smart Contract has minimal changes compared to the original contract. Note,
wethDYDX would be treated the same as ethDYDX and stkDYDX in both on-chain and off-chain governance proposals.Also note, if the dYdX community decides to update the
GovernanceStrategy Smart Contract to the GovernanceStrategyV2 Smart Contract through dYdX governance, the subject matter would fall under the Long Timelock Executor.