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  • 👋Introduction
  • 🗒️Legal Disclaimer
  • Start Here
    • 🪙DYDX Token
    • 🧮DYDX Token Allocation
    • 💼dYdX Fee Schedule
  • Modules
    • 🔐Staking
      • How to Stake
      • How to Redelegate
      • How to Unstake
    • 🔁Distribution
      • How to Claim the Staking Rewards
    • 🏛️Governance
      • Proposal Lifecycle
      • How to Submit a Proposal
      • Proposal Submission CLI Guide
      • How to Vote
      • ⛓️Governance Adjustable Parameters
        • Trading Stats
        • Fee Tiers
        • Trading Core
        • Safety
        • Perpetual
        • Markets
        • CLOB
        • Updating Live Market
        • Instant Market Listings Deposit
    • 🏦Community Treasury
    • 🛅Trading Rewards and Rewards Module
    • ⚔️Slashing
  • UNLIMITED FEATURES
    • ⚡Instant Market Listings
    • 🗝️MegaVault
    • 🫂Affiliate Program
  • RELEVANT LINKS
    • 🖇️Relevant Links & Data Sources
      • Relevant Links
      • Relevant Data Sources and Dashboards
  • dYdX DAO
    • dYdX Ecosystem Development Program
    • dYdX Operations SubDAO
    • dYdX Treasury SubDAO
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  • Overview
  • Module Accounts
  • Vest Module
  • Community Treasury
  • Community Vester
  • FAQ

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  1. Modules

Community Treasury

An overview of the dYdX Chain Community Treasury.

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Last updated 7 months ago

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Overview

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.

Module Accounts

Name
Address

community_treasury

dydx15ztc7xy42tn2ukkc0qjthkucw9ac63pgp70urn

community_vester

dydx1wxje320an3karyc6mjw4zghs300dmrjkwn7xtk

Vest Module

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

Community Treasury

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.

Community Vester

FAQ

How to Submit a Community Spending Proposal?

Any dYdX community member with enough unstaked DYDX tokens to satisfy the min_initial_deposit_ratio may submit a Community Spending proposal on dYdX Chain. A governance vote will be required to spend any DYDX from the Community Treasury.

How does DYDX vest from the Community Vester to the Community Treasury?

The Vest Module allows the vesting process to happen on the dYdX Chain. The module is responsible for determining the rate of tokens that vest from Vester Accounts to other accounts such as a community_treasury and a rewards_treasury. The rate of token transfers is linear with respect to time. Thus, block timestamps are used to vest tokens.

The dYdX Community through a governance vote has the ability to create, update, or delete vest_entries through a governance vote.

Based on the start_time and end_time, DYDX will vest from the Community Vester to the Community Treasury at approximately ~2.04 DYDX per second.

What types of proposals can be submitted to the Community Treasury?

A community-managed treasury opens up a world of possibilities. We hope to see various experiments and initiatives, including ecosystem grants, which can foster dYdX Chain's ecosystem growth.

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.

🏦
Community Treasury
min_initial_deposit_ratio
allocated
DIP 14
DIP 16
DIP 17
DIP 20
DIP 24
DIP 29
DIP 29
DIP 2
Community Treasury Vester
Rewards Treasury Vester
Proposal Lifecycle
vester_account
treasury_account
denom
start_time
end_time