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dYdX Community Reduces Transaction Reward by 45%

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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

dYdX Community Reduces Transaction Reward by 45%

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 made an important decision regarding the rewards for transaction fees. They have successfully passed a governance vote, which will reduce the transactional reward by 45%. From the previous amount of 2876712 DYDXs, the new reward will be 1582192 DYDXs, and the remainder will be accumulated. This decision was made to increase the number of tokens held in the agreement reward treasury.

The governance vote was passed with more than 25 million votes in favor and 5 million votes against it. Therefore, it is clear that the decision was made based on the majority opinion of the community, indicating that it is well-received and supported by the users.

dYdX is a decentralized exchange platform that allows traders to exchange various cryptocurrencies such as Bitcoin, Ethereum, and USDC. It is an open-source protocol built on the Ethereum blockchain and created to provide derivatives trading to its users. The platform has gained a lot of popularity in recent years, mostly because of its advanced trading features and security.

This decision by the dYdX community is a responsible one since it will help to ensure the long-term stability of the platform. It is also essential for the users to understand that the decision was made based on careful consideration of the current market trends and predictions for the future.

The reduction in transaction rewards will lead to more DYDX tokens being held in the rewards treasury. This will increase the liquidity of the platform, allow for stronger incentives for users to trade on the platform, and provide for the continued development of the platform’s features.

In conclusion, the dYdX community’s decision to reduce transaction rewards by 45% is a responsible and understandable one. As a result, the community will have a better liquidity position and the platform will continue to thrive in the long run. It is a great example of how a decentralized community can work together for the common good of its members.

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