The dYdX community voted to reduce trading rewards by 25%

2022-10-04 12:31:37
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Chain Catcher news, the dYdX Foundation announced on Twitter that the community decided to reduce trading rewards by 25% with a voting rate of 99.92%. It is reported that dYdX trading rewards are the largest form of reward emissions on the entire platform, with 3,835,616 DYDX emitted per Epoch or approximately 50 million DYDX emitted annually.

After the 25% reduction in trading rewards, 2,876,712 DYDX will be allocated as trading rewards per Epoch. The remaining 958,904 DYDX ("excess DYDX") will accumulate in the reward treasury, and the dYdX community will decide how to use it through governance voting (short-term locking). (Source link)

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