2,876,712 $DYDX were earned over the course of Epoch 18 and will be distributed to 2,931 traders. This is a slight decrease from Epoch 17 where 3,264 traders were eligible for trading rewards. Learn more about the trading rewards program in our documentation, or our blog posts.
Approximately 766,703 $DYDX vested in the Community Treasury and1,726,028 $DYDX accrued in the Rewards Treasury over the course of Epoch 18. The dYdX community now has access to 42M $DYDX that has accrued in the Community Treasury and Rewards Treasury to use for DAO and community initiatives, contributor grants, liquidity mining, and much more. Learn more about the Community Treasury in our documentation.
15.56% of the total $DYDX supply (excluding unearned Retroactive Rewards transferred to the Treasury and the $DYDX vested in the Community Treasury) is considered liquid at the end of Epoch 18. Learn more about the $DYDX allocation in our documentation.
The Merkle tree data, which is a list of (address, reward) pairs, is available here. Under the hood, the Merkle Distributor smart contract (0x01d3348601968aB85b4bb028979006eac235a588) will distribute $DYDX token rewards according to a Merkle tree of balances.
Epoch 18 has ended. Welcome to Epoch 19! Epoch 19 started automatically on January 17 at 15:00 UTC and will end on February 14 at 15:00 UTC.
The Merkle root was proposed on-chain on January 17 at 22:05 UTC and the 7-day waiting period has begun. Epoch 18 rewards will be claimable here on January 24, at 22:05 UTC (7 days after the end of the epoch plus a 7 hour delay). Once tokens have been claimed, they can be transferred or delegated to dYdX governance.
Coming off the successful on-chain vote to launch an operations subDAO by establishing a Guernsey Purpose Trust entity, the dYdX operations subDAO has created a website for the community to provide updates and track progress.
Delegation: If you hold $DYDX but have no time to review proposals, consider delegating the proposing power and/or voting power of your $DYDX and/or $stkDYDX to one of our 24Endorsed Delegates.
dYdX Grants Program (“DGP”) Updates: The dYdX Grants Trust completed Round 18 of funding, which had 2 grants approved for a total funding amount of $50,000. Read more in their blog post.
On January 12, Charles, CEO of the dYdX Foundation co-hosted a DeFi bootcamp with Jeff from Sei Labs at Cryptobase Shibuya.
On January 10, the dYdX Foundation announced that they are hiring a Developer Relations Lead. Also, dYdX Foundation is still looking to hire an Operations Associate. If you are interested or have someone great to refer for the role, please do reach out, or apply through this link!
On January 9, dYdX Quests launched. dYdX Quests is a rewards program that recognizes and rewards community members for their involvement in dYdX events, AMAs, social media, and governance participation. The dYdX Quests is held on the CREW3 platform and its dashboard has several sections: Quests, Leaderboards, Reviews, and Members. It also works with Discord, Twitter, and Telegram to help verify and automate tasks.
dYdX Foundation’s purpose is to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. The dYdX community is sovereign to make decisions freely from time to time, in accordance with the governance rules, principles, and mechanisms adopted by the dYdX DAO. Community discussion and interaction on the contents of this post are encouraged. The dYdX Foundation does not directly participate in governance decisions to be made by the dYdX community, including, without limitation, by making and/or voting on governance proposals. The dYdX Foundation may change, update or complement its analysis or opinions expressed in this post in the future and assumes no obligation to publicly disclose any such change or update. This post is solely based on the information available to the dYdX Foundation at the time it is made and should only be read and taken into consideration at the time it is made and on the basis of the circumstances that surround it.
Get Involved with the Community
Become a part of our journey to reshape the financial landscape