The dYdX Community Builds its Evolution

The dYdX community has recently approved several important measures that will set a new direction for the platform. Among the main decisions is the distribution of $5 million in $DYDX tokens to traders as part of Season 6 of the Chaos Labs Launch Incentives Program.

The dYdX community has recently approved several important measures that will set a new direction for the platform. Among the main decisions is the distribution of $5 million in $DYDX tokens to traders as part of Season 6 of the Chaos Labs Launch Incentives Program. This program aims to reward active users and is designed to incentivize greater participation and trading volume.

Additionally, a vote has approved an update to the RNDR-USD market parameters, which received a high level of support with 98.44% of votes in favor from a 79.23% turnout. The update to the dYdX Chain software to version v5.2.0 was also approved, with a 53.52% turnout and a 97.78% approval rate. These updates are part of a strategy aimed at improving and adapting the platform to the changing needs of the market.

Another crucial point is the new on-chain vote initiated to consider the addition of $MAVIA, a token from MaviaGame, to the dYdX Chain. The vote will conclude on August 6, 2024, and could open new opportunities for the integration of other assets into the platform.

In parallel, the dYdX Discovery Program has been launched, an initiative aimed at gathering valuable insights from traders and stakeholders to enhance the user experience. This program aligns with the platform’s goal of optimizing its services and better adapting to the needs of its community.

Season 6 of the Launch Incentives Program is based on a competitive structure that rewards chain activity and includes bonuses for stakers and an incentive for market diversity. Additionally, bonuses are offered to new users and prizes for trading leagues and market makers. The competitive structure of the program is designed to encourage improvement and adapt to community needs. The season will end between August 18 and August 28, and the data collected during this period will help define future incentives.