GovernanceStrategyV2 Smart Contract
Overview of the GovernanceStrategyV2 Smart Contract
Currently, the dYdX
GovernanceStrategy SmartContract 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.
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 SmartContract. The
GovernanceStrategyV2 Smart Contractis essentially the same as the current corresponding contract with added support for the
wethDYDXtoken address, which will be treated equivalently to the
GovernanceStrategyV2 Smart Contracthas minimal changes compared to the original contract.
wethDYDXwould be treated the same as
stkDYDXin both on-chain and off-chain governance proposals.
Also note, if the dYdX community decides to update the
GovernanceStrategy Smart Contractto the
GovernanceStrategyV2 Smart Contractthrough dYdX governance, the subject matter would fall under the Long Timelock Executor.