dYdX launches on-chain voting: plans to allocate 10 million USDC from the insurance fund to support three DAOs.

PANews reported on March 31 that the dYdX Foundation announced on the X platform that an on-chain vote on whether to approve the use of the insurance fund to fund the DAO has begun and will end on April 2, 2026 at 13:44 (UTC+8). The proposal suggests transferring 10 million USDC from the insurance fund to the dYdX Operations subDAO, dYdX Foundation, and dYdX Treasury subDAO to alleviate operational funding pressure caused by the decline in the DYDX token price. The proposal states that the insurance fund currently has a balance of approximately $17 million, with about $7 million reserved as a buffer sufficient to cover risks.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
A whale sold over 110,000 HYPE tokens, cashing out approximately $4.06 million.
PANews Newsflash