The dYdX Foundation applies to the DAO for a $30 million operating budget over three years
ChainCatcher news, according to Coindesk, the dYdX Foundation is seeking $30 million in funding from the DAO to be used over the next three years.
If dYdX token holders (voters in the DAO) approve, it will reward the foundation with 4% of the current treasury of the DAO. When the foundation first shared the request last Friday, it received broad support from dYdX stakeholders (from validators to representatives). Voting will continue until February 2.
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