ChainCatcher news, the dYdX community voted to approve the proposal "dYdX Foundation requests a $30 million operating budget from the DAO over three years."Previously reported, the dYdX Foundation seeks $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 this request last Friday, it received broad support from dYdX stakeholders (from validators to representatives). Voting will continue until February 2.

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.

ChainCatcher news, the service provider of the DeFi protocol Balancer has revealed that it is reducing its operating budget and laying off staff. Balancer OpCo, which manages the protocol's front end, has already laid off two engineers and cut its operating budget.In the future, Balancer will focus on improving its user interface and marketing. Its service provider, Orb Collective, which is responsible for guiding the protocol's design, marketing, and regulatory strategy, will form a dedicated marketing team to discuss how Balancer can collaborate with platform users. (CoinDesk)