A Take on the dYdX DAO's Treasury Management (July 2024)

Governance/DAO Discussions
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The dYdX Community Treasury holds 80.5M vested $DYDX and 19.4M vested $stDYDX, while the Community Vester holds 129.7M unvested $DYDX that vest to the Community Treasury at a rate of ~2.04 $DYDX/second until August 3, 2026. Consequently, the dYdX Foundation is releasing this blog post to initiate a dialogue on the present and future trajectory of the dYdX DAO’s treasury, for the dYdX community to consider the formation of a Treasury subDAO as a potential additional key step for the success of the dYdX DAO, and to potentially kick-off a request for proposals (RFP) process.

Read on :point_right: A Take on the dYdX DAO's Treasury Management (July 2024) | dYdX Foundation

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In order to further support the return of dydx token prices to an upward trajectory, it is recommended to allocate a portion of the proceeds from the treasury’s token collateral for the recycling and destruction of dydx, following BNB’s destruction mechanism.

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