dYdX Community Implements Reduction in Transaction Reward

03/14/2023 01:14 • Tech Ticker • 117 views

It is reported that the dYdX community has reduced the transaction reward by 45% of the governance vote (from 2876712 DYDXs to 1582192 DYDXs, and the rest will be accumulated), of which more than 25 million votes were in favor of the vote and 5 million votes were against it, aiming to increase the number of Token in the agreement reward treasury.

DYdX community has passed the governance vote of reducing transaction rewards by 45%

Analysis based on this information:

The dYdX community has recently implemented a reduction in transaction rewards by 45% through a governance vote. The rewards have consequently reduced from 2876712 DYDXs to 1582192 DYDXs, with the rest accumulating in the agreement reward treasury. This move is aimed at increasing the number of Tokens in the agreement reward treasury, thereby ensuring a more significant benefit to the community in the long run.

According to reports, more than 25 million votes were in support of the governance vote, while 5 million votes opposed it. This shows that the majority of the dYdX community members understand the importance of the action and the positive effect it will have on the project’s future.

This reduction in transaction rewards might seem like a bad thing at first glance, but it is undoubtedly a step in the right direction. It is an indication that the community has a long-term perspective and is willing to invest in the project’s future. By accumulating more Tokens in the agreement reward treasury, the community is positioning itself better to take advantage of future opportunities that would arise, thereby providing more value to the users.

It is worth noting that the decision taken by the dYdX community is exemplary and demonstrates the importance of community governance in DeFi. The governance structure allows the community to decide on crucial issues that affect the project’s future, thereby ensuring that everyone has a stake and a say in the project’s direction.

In conclusion, the dYdX community’s reduction in transaction rewards is an essential step towards ensuring the project’s sustainability and growth. It is a testament to the community’s commitment to the project’s long-term goals and the importance of community governance in DeFi. The decision to accumulate more Tokens in the agreement reward treasury will undoubtedly benefit the community in the long run and position the project for future opportunities.

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dYdX Community Implements Reduction in Transaction Reward

DYdX community has passed the governance vote of reducing transaction rewards by 45%

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