dYdX voted on the proposal to "launch the operational sub-DAO V2 and request a $6.6 million grant from the community treasury."
ChainCatcher news, the decentralized perpetual contract protocol dYdX community voted to approve the proposal "Launch dYdX Operations Sub DAO V2" with a support rate of 99.95%. This proposal was requested by trustee Joanna and Callen on behalf of the dYdX Operations Trust Fund (DOT) to allocate $6.6 million from the dYdX community treasury to the DOT multi-signature wallet (0xa8541f948411b3F95d9e89e8D339a56A9ed3D00b), providing 18 months of funding for the operations of the sub DAO (DOT 2.0). Currently, DOT has a remaining balance of 87,077.50 USDC, and after the expiration of DOT 1.0 on June 19, the remaining funds will be transferred to DOT 2.0.It is reported that DOT 2.0 will be responsible for hiring an operations manager, a technical project lead, and a site reliability engineer, determining an indexer operator, deploying open-source software for potential future versions of the protocol, and running iOS, Android, and Web front-end versions. It will also hire third-party auditors to assess DOT's finances and performance, increase the number of trustees for the DOT multi-signature, and the remaining funds at the end of DOT 2.0's tasks will be decided by the dYdX community to be sent to a community-controlled wallet.Additionally, Reverie Reserves, LLC and George Beall have decided that after the expiration of DOT 1.0 on June 19, they will no longer serve as trustees and executors. DOT has appointed three new trustees and one executor. (Source link)