dYdX Grants program applies to community treasury for $12 million worth of DYDX tokens to fund dYdX ecosystem development initiatives

On February 14th, a new proposal was released on the dYdX Community Forum. The dYdX Grants program is applying for 12 million DYDX tokens from the community treasury to fund the dYdX ecosystem development plan.

This funding is expected to provide an additional 24 months of support for the program, including operating budgets and volatility buffers. The main goal of the dYdX Ecosystem Growth Fund (DEP) is to act as a partner and financing department for dYdX, helping to support infrastructure, chain services, protocol development, and growth.