dYdX Operations SubDAO 3.0

At Govmos, we offer our full support to the Operation SubDAO and are hopeful that this third proposal will pass the on-chain approval vote.

However, we would like to provide some constructive feedback by pointing out a few parameters that caught our attention, and we would appreciate clarifications before the proposal goes to vote.

First, compared to the 2.0 version, which was proposed to last for 18 months, the current proposal doubles the duration. While we would have expected a similar timeframe renewal, we’re curious to understand the rationale behind renewing the mandate for such an extended period. Secondly, the funding request in the previous proposal was $6.6M for 18 months. This new proposal asks for $23.3M over 36 months, which reflects an annual budget increase of 76.5%. This seems significant, and we haven’t encountered any particular explanation for this increase. Additional details on these two points would help provide clarity.

Lastly, we identified a potential contradiction that may benefit from further clarification for the community to fully understand the rationale behind the projections.

The breakdown of the proposed $23.3M budget includes an expected 7% increase in expenses for the Indexer in 2026, followed by another 11% increase in 2027. This appears to contradict the goal of cost mitigation. We would appreciate further elaboration on the forecasts and the envisioned cost mitigation strategies.


To conclude, we reiterate our full support for the mandate renewal, as we have been impressed with the achievements of the Ops SubDAO so far. We simply believe that addressing these points before the on-chain proposal would benefit the community. We look forward to the team’s feedback on these matters.


Thank you for reading,
Govmos.
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