dYdX Foundation Seeks $8 Million in Funding to Launch New dYdX Grant Program

Foresight News reports that, according to the official governance forum, dYdX Grants Ltd., a wholly owned subsidiary of the dYdX Foundation, is applying to the dYdX Chain Community Treasury for $8 million in DYDX to launch, manage, and operate a new dYdX grants program. The funding is expected to last approximately 12 to 18 months. This will enable the dYdX grants initiative to expand support for developers, researchers, and contributors across the entire dYdX ecosystem, while also improving operational efficiency and cost-effectiveness. Following feedback from the dYdX community, the on-chain governance proposal is scheduled to be launched on August 4.