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dYdX Grants Ltd. Seeks $8 Million for New Funding Initiative
According to PANews, dYdX Grants Ltd., a wholly-owned subsidiary of the dYdX Foundation, has applied for $8 million in DYDX from the dYdX Chain community treasury. The funds are intended to launch, manage, and operate a new dYdX grant program, expected to last approximately 12 to 18 months. This initiative aims to expand support for developers, researchers, and contributors within the dYdX ecosystem, enhancing operational efficiency and cost-effectiveness. Following feedback from the dYdX community, the on-chain governance proposal is scheduled to be initiated on August 4.
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