dYdX Community Votes on Distributing $5 Million DYDX to Season 6 Participants
CryptoNewsTerminal Staff10 Sep, 2024
dYdX Community Votes on Distributing $5 Million DYDX to Season 6 Participants
dYdX, a popular decentralized exchange (DEX), has initiated a governance vote on Snapshot to distribute $5 million worth of DYDX tokens to Season 6 users. The proposal aims to reward active participants and further incentivize the adoption of the dYdX platform. The distribution will allocate tokens based on users' trading volume, order flow, and market making activity during Season 6. By rewarding users for their contributions, dYdX hopes to foster a vibrant and engaged community while encouraging sustainable growth. The governance vote will conclude on September 14th, 2023, at 6:22 AM (UTC). DYDX holders are encouraged to participate and cast their votes to shape the future of the platform. This initiative demonstrates dYdX's commitment to decentralization and community involvement, empowering users to have a direct say in the platform's governance.
