The MegaVault hasn’t even officially launched yet, but for some reason, there was a rush to propose the distribution of taker fees to the MegaVault. There’s about $1M in the MegaVault account, and with the current fees, someone is earning 5% a day! Whose liquidity is this?
sounds like a highly profitable trading strategy… can you share the address of the megavault perhaps, and are fees already directed to the vault?
dydx18tkxrnrkqc2t0lr3zxr5g6a4hdvqksylxqje4r this address is getting 50% of taker fees.
I have been an active member of the DYDX community for the past year and have observed several concerning trends. Despite the platform’s emphasis on decentralization, control appears to rest with a small group of individuals. Key proposals have been passed without adequately addressing the concerns raised by the broader community.
While I understand that initiatives like Megavault may still be undergoing testing before public release, the decision to share revenue prior to its official launch needs justification. This issue is compounded by the select few in power pushing proposals through without proper community engagement, undermining the principles of transparency and decentralization.