# Expedited Proposal to Rebalance Vaults

**URL:** <https://dydx.forum/t/expedited-proposal-to-rebalance-vaults/3164>\
**Category:** Proposals\
**Created:** [November 15, 2024, 5:47pm UTC](https://dydx.forum/t/expedited-proposal-to-rebalance-vaults/3164 "2024-11-15T17:47:22Z")\
**Posts on this page:** 4\
**Page:** 1

<div class="post-metadata">

**Author:** ![dYdXEcosystemProgram](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/dydxecosystemprogram/32/1728_2.png) [@dYdXEcosystemProgram](https://dydx.forum/u/dYdXEcosystemProgram)\
**Post date:** [November 15, 2024, 5:47pm UTC](https://dydx.forum/t/expedited-proposal-to-rebalance-vaults/3164/1 "2024-11-15T17:47:22Z")

</div>

### Summary

● On November 15, the dYdX community approved routing 50% of protocol fees to the MegaVault. To date, DEP has [allocated](https://vaults.dydxgrants.com/) $1,523,102.00 USDC to market-specific subvaults under the designated [grant](https://www.dydxgrants.com/grants/lp-vault-research).  
● This proposal seeks to optimize the performance of the dYdX Chain vaults by deploying additional available capital and adjusting the parameters of each subvault to align with the specific characteristics of their respective markets.  
● This proposal is time-sensitive, as the rebalances rely on current equity levels in the MegaVault and its subvaults, which are subject to fluctuations over time. If the equity in any subvault drops below the levels required for the proposed rebalances, the entire proposal may be rendered ineffective.  
● To ensure that these optimizations can be executed based on the current vault conditions, we intend to submit an expedited proposal for an on-chain vote as soon as possible.

### Motivation/Rationale

The dYdX Unlimited upgrade introduced support for the MegaVault—a user-facing feature designed to allow dYdX Chain users to deposit USDC, provide liquidity to various markets, and earn yield.

Under this [grant](https://www.dydxgrants.com/grants/lp-vault-research), DEP deposited $1,523,102.00 capital into market-specific subvaults to facilitate testing and bootstrapping. Currently, there is no Megavault Operator on dYdX Chain and as a result any changes to subvault parameters must be completed through a dYdX Chain governance proposal.

This proposal aims to change vault allocations, deploy more capital in the Megavault, and to set the spread and skew parameters for select vaults. We will monitor subvault performance and may need to submit another proposal early next week.

### Specification

Vaults will be updated as follows:

| pair | half\_spread\_change | new\_skew\_change | transfer |
| --- | --- | --- | --- |
| ZRO-USD | 0.003 | -0.5 | -1712.6955 |
| PEPE-USD | 0.003 | -0.5 | 59300.6579 |
| TRY-USD | 0 | 0 | -37744.409 |
| MOTHER-USD | 0 | 0 | -30419.845 |
| TREMP-USD | 0 | 0 | -17859.453 |
| SNX-USD | 0 | 0 | -11499.202 |
| 1INCH-USD | 0 | 0 | -7615.7577 |
| POPCAT-USD | 0 | 0 | -7128.1809 |
| AR-USD | 0 | 0 | -5425.5725 |
| BTC-USD | 0 | 0 | -4318.6276 |
| ENS-USD | 0 | 0 | -4249.3934 |
| MEW-USD | 0 | 0 | -4062.2563 |
| ENJ-USD | 0 | 0 | -4048.0045 |
| FOXY-USD | 0 | 0 | -3813.1186 |
| ETH-USD | 0 | 0 | -3717.7995 |
| TAIKO-USD | 0 | 0 | -3516.1647 |
| MNT-USD | 0 | 0 | -3491.8718 |
| DMAIL-USD | 0 | 0 | -3420.9654 |
| AXS-USD | 0 | 0 | -3383.4451 |
| OM-USD | 0 | 0 | -3213.5244 |
| RETARDIO-USD | 0 | 0 | -3209.8745 |
| BICO-USD | 0 | 0 | -3197.506 |
| STRK-USD | 0 | 0 | -3170.3524 |
| PIXEL-USD | 0 | 0 | -3159.745 |
| CVX-USD | 0 | 0 | -3152.8664 |
| EIGEN-USD | 0 | 0 | -3113.9792 |
| ZEN-USD | 0 | 0 | -3094.4346 |
| TRX-USD | 0 | 0 | -3077.8731 |
| DAI-USD | 0 | 0 | -3075.1496 |
| STX-USD | 0 | 0 | -3047.4369 |
| ZERO-USD | 0 | 0 | -3042.428 |
| IMX-USD | 0 | 0 | -3019.4934 |
| CORE-USD | 0 | 0 | -2983.5475 |
| GME-USD | 0 | 0 | -2959.6702 |
| XAI-USD | 0 | 0 | -2929.6294 |
| EGLD-USD | 0 | 0 | -2929.2814 |
| NEO-USD | 0 | 0 | -2889.5652 |
| UMA-USD | 0 | 0 | -2825.1443 |
| OSMO-USD | 0 | 0 | -2816.0179 |
| ZK-USD | 0 | 0 | -2805.2489 |
| ALT-USD | 0 | 0 | -2766.9346 |
| EURC-USD | 0 | 0 | -2754.1352 |
| BLAST-USD | 0 | 0 | -2598.2574 |
| JTO-USD | 0 | 0 | -2328.7913 |
| ORDI-USD | 0 | 0 | -2246.9287 |
| TLOS-USD | 0 | 0 | -2095.675 |
| ARKM-USD | 0 | 0 | -2026.0659 |
| FLOKI-USD | 0 | 0 | -1932.9976 |
| TON-USD | 0 | 0 | -1892.8431 |
| DRIFT-USD | 0 | 0 | -1848.0492 |
| WOO-USD | 0 | 0 | -1693.3708 |
| VRTX-USD | 0 | 0 | -1592.3248 |
| AURORA-USD | 0 | 0 | -1568.018 |
| NOT-USD | 0 | 0 | -1531.5645 |
| BLUR-USD | 0 | 0 | -1426.442 |
| XTZ-USD | 0 | 0 | -1357.0859 |
| GMX-USD | 0 | 0 | -1264.7339 |
| PENDLE-USD | 0 | 0 | -1246.35 |
| BODEN-USD | 0 | 0 | -1115.8995 |
| AKT-USD | 0 | 0 | -1100.7746 |
| ASTR-USD | 0 | 0 | -1059.2707 |
| PYTH-USD | 0 | 0 | -927.07487 |
| JUP-USD | 0 | 0 | -861.93808 |
| SAFE-USD | 0 | 0 | -831.88219 |
| NEIRO-USD | 0 | 0 | -702.69554 |
| PEOPLE-USD | 0 | 0 | -676.62458 |
| W-USD | 0 | 0 | 122.776982 |
| MOG-USD | 0 | 0 | 144.596679 |
| ETHFI-USD | 0 | 0 | 204.439898 |
| AEVO-USD | 0 | 0 | 1168.66967 |
| DEGEN-USD | 0 | 0 | 2155.12689 |
| ALGO-USD | 0 | 0 | 2400.4241 |
| AXL-USD | 0 | 0 | 2874.69518 |
| APT-USD | 0 | 0 | 3269.66995 |
| TAO-USD | 0 | 0 | 5578.88438 |
| GRT-USD | 0 | 0 | 5890.86254 |
| ENA-USD | 0 | 0 | 12460.4506 |
| MANA-USD | 0 | 0 | 12966.1111 |
| SEI-USD | 0 | 0 | 24889.2711 |
| BONK-USD | 0 | 0 | 26798.0821 |
| CHZ-USD | 0 | 0 | 31909.3226 |
| FTM-USD | 0 | 0 | 40540.922 |
| RENDER-USD | 0 | 0 | 49047.8444 |
| TIA-USD | 0 | 0 | 66593.5309 |
| SHIB-USD | 0 | 0 | 68024.8359 |
| RUNE-USD | 0 | 0 | 70712.8391 |
| UNI-USD | 0 | 0 | 71444.4519 |
| SUI-USD | 0 | 0 | 72149.6941 |
| WLD-USD | 0 | 0 | 72711.2228 |
| DOGE-USD | 0 | 0 | 76170.3365 |
| MICHI-USD | -0.003 | 0.5 | -22275.533 |
| XMR-USD | -0.0015 | 0.5 | 0 |
| DYM-USD | 0 | 0.5 | -334.73457 |
| WIF-USD | 0 | 0.5 | 11424.4598 |
| HBAR-USD | 0 | 0.5 | 20511.9724 |

### Next Steps

We intend to submit an expedited proposal for an on-chain vote as soon as possible.

---

<div class="post-metadata">

**Author:** ![RealVovochka](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/realvovochka/32/2646_2.png) [@RealVovochka](https://dydx.forum/u/RealVovochka)\
**Post date:** [November 15, 2024, 6:15pm UTC](https://dydx.forum/t/expedited-proposal-to-rebalance-vaults/3164/2 "2024-11-15T18:15:35Z")

</div>

why did we have Expedited proposal for Megavault fee sharing in the first place when nothing was ready?

---

<div class="post-metadata">

**Author:** ![dYdXEcosystemProgram](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/dydxecosystemprogram/32/1728_2.png) [@dYdXEcosystemProgram](https://dydx.forum/u/dYdXEcosystemProgram)\
**Post date:** [November 19, 2024, 12:56am UTC](https://dydx.forum/t/expedited-proposal-to-rebalance-vaults/3164/3 "2024-11-19T00:56:33Z")

</div>

Vault conditions have fluctuated since our previous proposal, prompting changes to balances and parameters. We will submit a new expedited proposal to address these updates. We expect this to be our final manual update, with an Operator assignment proposal to follow shortly.

---

<div class="post-metadata">

**Author:** ![Govmos](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/govmos/32/820_2.png) [@Govmos](https://dydx.forum/u/Govmos)\
**Post date:** [November 19, 2024, 10:18am UTC](https://dydx.forum/t/expedited-proposal-to-rebalance-vaults/3164/4 "2024-11-19T10:18:19Z")

</div>

We support the expedited update, and also encourage the creation of an Operator function to increase efficiency in the future.  
[![pro-delegators-sign](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/1X/3d138289b87945115dfe59a6604e139bf36aeb94.png)](https://dydx.forum/t/validator-introduction-pro-delegators/1487)