Community Treasury
An overview of the dYdX Chain Community Treasury.
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An overview of the dYdX Chain Community Treasury.
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The is a community-controlled module account on dYdX Chain. DYDX will vest to the Community Treasury on a continuous basis until August 3, 2026. Any dYdX community member satisfying the can submit a Community Spending proposal to spend DYDX in the Community Treasury.
The Community Treasury was created with the following objectives:
Fund programs and initiatives that drive the growth of dYdX.
Develop grant programs to fund community hackathons, analytics dashboards, swag, third-party tools, translations, and other projects.
Develop a best-in-class governance system and incentivize robust governance.
community_treasury
dydx15ztc7xy42tn2ukkc0qjthkucw9ac63pgp70urn
community_vester
dydx1wxje320an3karyc6mjw4zghs300dmrjkwn7xtk
Field name
Description
The account to vest tokens from
The account to vest tokens to
The token that is vested
The start time of vesting
The end time of vesting
Value
community_vester
community_treasury
adydx
2021-08-03T15:00:00Z
2026-08-03T15:00:00Z
Account
dydx1wxje320an3karyc6mjw4zghs300dmrjkwn7xtk
dydx15ztc7xy42tn2ukkc0qjthkucw9ac63pgp70urn
Currently, 26.1% of the total token supply of DYDX, which amounts to 261,133,225 $DYDX
, is allocated to the Community Treasury. This allocation is designed to sustainably support contributor grants, community initiatives, liquidity mining, and other assorted programs.
Epoch 30: 383,562 $DYDX
Epoch 31: 191,781 $DYDX
Epoch 32: 0 $DYDX
After Epoch 31, there will not be any Liquidity Provider Rewards on dYdX v3. In DIP 29, the dYdX community voted to reduce Trading Rewards by ⅓ from Epoch 30-32 on dYdX v3, however the remaining allocation of Trading Rewards was migrated to the dYdX Chain for Trading Rewards.
Initially,5.0%
of the token supply (50,000,000 $DYDX
) was to the Community Treasury, and 766,703 $DYDX
vests in the community treasury each epoch. Currently, 3,787,251 $DYDX
vest in the community treasury because several governance proposals resulted in a 3,020,548 $DYDX
increase in the amount of $DYDX
available to the dYdX community each epoch:
- set the rewards for staking USDC to 0 (383,562 $DYDX
per epoch),
- reduce trading rewards by 25% (958,904 $DYDX
per epoch),
- set the rewards for staking $DYDX to 0 (383,562 $DYDX
per epoch),
- further reduce trading rewards by 45% (1,294,520 $DYDX
per epoch), and
- reduce Liquidity Provider Rewards by 50% (575,342 $DYDX
per epoch).
- reduce Liquidity Provider Rewards by ⅓ from Epoch 30-32 on dYdX v3 to the following values:
In on dYdX v3, the dYdX community also voted to migrate 40,703,630 vested $DYDX from the Rewards Treasury and 39,788,640 vested $DYDX from the Community Treasury to the dYdX Chain Community Treasury. In addition to the 80,492,270 DYDX from the dYdX v3 Rewards Treasury and Community Treasury, DYDX vests every second from the community_vester to the community_treasury.
In on the dYdX Chain, the dYdX community voted to credit the dYdX Community Vester with 172,762,268.210688518 unvested DYDX tokens based on the balance of the dYdX v3 and the dYdX v3 , less the DYDX that was sent to the dYdX Chain Rewards Vester for Trading Rewards.
To submit a proposal, please follow the steps laid out on the . The main inputs for a Community Spending Proposal are (1) the number of DYDX and (2) the recipient address.