Community Treasury

Overview

The Community Treasury 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 min_initial_deposit_ratio 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

Vest Module

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.

Initially,5.0% of the token supply (50,000,000 $DYDX) was allocated 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:

• DIP 14 - set the rewards for staking USDC to 0 (383,562 $DYDX per epoch),

• DIP 16 - reduce trading rewards by 25% (958,904 $DYDX per epoch),

• DIP 17 - set the rewards for staking $DYDX to 0 (383,562 $DYDX per epoch),

• DIP 20 - further reduce trading rewards by 45% (1,294,520 $DYDX per epoch), and

• DIP 24 - reduce Liquidity Provider Rewards by 50% (575,342 $DYDX per epoch).

• DIP 29 - reduce Liquidity Provider Rewards by ⅓ from Epoch 30-32 on dYdX v3 to the following values:

  • 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.

In DIP 29 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.

Community Vester

In DIP 2 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 Community Treasury Vester and the dYdX v3 Rewards Treasury Vester, less the DYDX that was sent to the dYdX Chain Rewards Vester for Trading Rewards.

FAQ