On August 11th, the dYdX Foundation announced that it will allocate $8 million of DYDX tokens from the dYdX chain community vault to comprehensively upgrade its funding program, aiming to accelerate ecological growth, improve capital efficiency, and provide large-scale strategic funding support for high-impact projects. It is reported that the $8 million funding will be focused on three areas within 12-18 months:
· Infrastructure, power builder and security system construction
Ecosystem expansion plan
· Frontier technology research and development
The new program will be directly operated by the foundation's wholly-owned subsidiary, dYdX Grants Ltd., replacing the original Grants DAO structure.
dYdX Foundation raises $8 million to accelerate ecosystem development
2025-08-11 13:01:16
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