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Dydx reduction of tokens issuance proposals obtained early support

Dydx reduction of tokens issuance proposals obtained early support

Bitget2023/08/01 09:27

Members of DYDX community for decentralized exchanges (DEX) DYDX community for transaction perpetual contracts are voting to decide whether to significantly reduce rewards for liquidity providers. Slow down the issuance of DYDX tokens. Based on the voting results submitted so far, the proposal seems expected to be passed. The voting will end on Tuesday. If it is passed, the governance proposal will be provided with the number of DYDXs per cycle to 575,342, and 50%will be reduced. Based on the current price, it is equivalent to about 1 million US dollars. Dydx founder Antonio Juliano said the overall emissions of DYDX token will be reduced by about 25%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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