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Introducing DYDX, the governance token for the dYdX protocol. Now live on Ethereum
Learn more at http://dydx.foundation/blog . Get started today with governance & staking at http://dydx.community .pic.twitter.com/lJTm9z9ASbShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
An on-chain DIP may only be submitted by a community member who holds enough proposition power for the type of proposal (in this case, a Short Timelock.) To propose:
5M required to submit a Short Timelock DIP
To pass:
20M minimum quorum
5M Yes-No vote differentialShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
An on-chain DIP can then be initiated via a smart contract call. The smart contract call requires the IPFS hash of the DIP and a series of actions.
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Once reviewed, the dYdX Foundation will merge the Pending-DIP branch to the Master branch on Github, at which point the DIP will be automatically uploaded to IPFS. An IPFS hash of the DIP proposal will then become available.
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The next step is for the community, should it desire, to complete an off-chain DIP and submit a PR to the Pending-DIP branch of the Foundation Github. https://github.com/dydxfoundation/dip/tree/Pending-DIPs …
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Should $6.25M of treasury funds be allocated for the creation of a dYdX Grants Program?
Snapshot vote results are in...
YES: 18.1M DYDX (98.9%) from 264 voters
NO: 198.2K DYDX (1.1%) from 62 voters
Strong consensus in favor of launching a dYdX Grants Program!
https://twitter.com/dydxfoundation/status/1468705422005743622 …pic.twitter.com/PmHQbmo0PJ
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Should $6.25 of treasury funds be allocated for the creation of a dYdX Grants Program?
Polls close in <30 hours.
Vote on Snapshot (gas-free) here https://forums.dydx.community/snapshot/dydxgov.eth/0xe77513bfec9f55b1d620d973af1c4da1266ceffd333cbb120bc54a9359d27a40 …https://twitter.com/dydxfoundation/status/1468705422005743622 …
A snapshot vote was created by @hi_reverie on dYdX governance. Should $6.25m of treasury funds be allocated for the creation of a dYdX Grants Program?
Voting live on Thursday at 6PM UTC
Duration: 5 Days
Discussion
https://forums.dydx.community/proposal/discussion/2511-drc-dydx-grants-program/ …
Vote
https://forums.dydx.community/snapshot/dydxgov.eth/QmNVkRkdjiEu6phU2vWccgPAWoxW4wyd2xuf8R8wzB3txz … pic.twitter.com/iRlz7anX1QShow this threadShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
dYdX Foundation Retweeted
While this incident ideally never should have happened to begin with, I’m proud that we were able to quickly execute a recovery of vulnerable funds in partnership with
@paradigm
We awarded a bug bounty of *500,000 USDC* to the reporter 
https://twitter.com/dydxprotocol/status/1469387480579325957 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
dYdX Foundation Retweeted
We have released a post-mortem regarding the Deposit Proxy smart contract vulnerability that was found on November 27 2021. Details include what happened, the fix, the bug bounty, and reimbursements to users for gas fees and stolen funds.https://dydx.exchange/blog/deposit-proxy-post-mortem …
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Snapshot voting for the DRC to launch a dYdX Grants Program is now live.
Vote here https://forums.dydx.community/snapshot/dydxgov.eth/QmNVkRkdjiEu6phU2vWccgPAWoxW4wyd2xuf8R8wzB3txz …https://twitter.com/dydxfoundation/status/1468705422005743622 …
A snapshot vote was created by
@hi_reverie on dYdX governance. Should $6.25m of treasury funds be allocated for the creation of a dYdX Grants Program? Voting live on Thursday at 6PM UTC
Duration: 5 Days
Discussion
https://forums.dydx.community/proposal/discussion/2511-drc-dydx-grants-program/ …
Vote
https://forums.dydx.community/snapshot/dydxgov.eth/QmNVkRkdjiEu6phU2vWccgPAWoxW4wyd2xuf8R8wzB3txz … pic.twitter.com/iRlz7anX1QShow this threadShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
We encourage the community to provide feedback on the proposal:https://commonwealth.im/dydx/proposal/discussion/2940-drc-update-trading-liquidity-provider-rewards-formulas-to-include-holding-of-stkdydx …
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Pending community approval, the goal would be to implement both of these formula adjustments for the start of Epoch 5.
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To better incentivize the utility of
$DYDX, usage of the dYdX ecosystem & to protect the protocol through increased adoption of the Safety Staking Pool, the dYdX Foundation is proposing to adjust the formulas for Trading & Liquidity Provider Rewards to include holding of stkDYDX.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
dYdX Foundation Retweeted
We're happy to announce that we'll be building a State Explorer for dYdX in collaboration with
@dydxprotocol and@StarkWareLtd 1/5Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
@derek_hsue and team@hi_reverie recently participated in the Epoch 3 Review and Community AMA sharing their vision for the dYdX Grants Program (DGP).
Transcript here:https://dydx.foundation/blog/en/epoch-3-community-ama …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
A snapshot vote was created by
@hi_reverie on dYdX governance. Should $6.25m of treasury funds be allocated for the creation of a dYdX Grants Program? Voting live on Thursday at 6PM UTC
Duration: 5 Days
Discussion
https://forums.dydx.community/proposal/discussion/2511-drc-dydx-grants-program/ …
Vote
https://forums.dydx.community/snapshot/dydxgov.eth/QmNVkRkdjiEu6phU2vWccgPAWoxW4wyd2xuf8R8wzB3txz …pic.twitter.com/iRlz7anX1Q
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dYdX Foundation hosted a discussion on Discord regarding general updates, current governance proposals, and an Epoch 3 review.
The discussion was followed by a community hangout & AMA with the @dydxprotocol &@hi_reverie teams. Read the transcript:https://dydx.foundation/blog/en/epoch-3-community-ama …Thanks. Twitter will use this to make your timeline better. UndoUndo -
dYdX Foundation Retweeted
1. Building your bankroll. A
...
When the markets become volatile and we see one red day after another I would encourageto take a step back and manage their risk accordingly. In particular, try seek out low risk high reward opportunities that will help build their bankroll.
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dYdX Foundation Retweeted
As a reminder, please connect to http://trade.dydx.exchange to double check that your wallet has revoked permission to the vulnerable smart contract. If you see a prompt on the front-end, follow it to revoke. If you don't see a prompt after connecting, your wallet is safe.https://twitter.com/dydxprotocol/status/1464633308109848579 …
If you have set allowance to deposit to dYdX in the past 4 days, go to http://trade.dydx.exchange immediately to fix a critical security issue with your wallet
DO NOT SEND FUNDS TO YOUR WALLET UNTIL YOU DO THIS https://twitter.com/dydxprotocol/status/1464572467872247815 …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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