Analysis and Proposals on dYdX Chain and DYDX Tokenomics: Reduce the Trading Rewards “C” constant from 0.90 to 0.5

On behalf of the PRO Delegators’ validator, we have thoroughly reviewed this proposal, along with the extensive report supporting its conclusions. The author’s dedication to crafting a well-detailed document is evident, and we find the overall quality of the proposal highly commendable. This initiative marks a significant step toward a broader economic reform intended for the chain, and we encourage all users to consider the comprehensive vision at stake as they evaluate each proposal that will be brought to governance.

While we express our strong support for this proposal as Govmos—the governance arm of our validator—our guiding principle of neutrality on fundamental issues requires us to take a step back in terms of our validator vote. We have encouraged our delegators to carefully review this tokenomic reform and to cast their votes independently. We hope the proposers and the community can appreciate the stance we’ve taken, as it reflects our commitment to respecting our delegators and adhering to a policy that prevents us from overstepping on critical matters of politics and tokenomics.

Thank you for your understanding,
Govmos.
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