dYdX
I hope everyone has had a great start to the new year and what a wild two weeks it has been so far!
One of our portfolio companies, dYdX, just had a major upgrade so figured it would be helpful to recap the use case and what’s going on with the protocol!
dYdX Chain: A Comprehensive Overview of the Launch Incentives Program
In a move to foster early adoption and ensure a smooth transition to the new dYdX Chain, Chaos Labs, in collaboration with dYdX, is launching a $20 million liquidity incentives program. This initiative, approved by the dYdX Governance via Snapshot and an on-chain vote, is tailored to expand and transition the current dYdX user base to the upcoming version of the protocol, emphasizing the importance of liquidity and efficient migration for the success of the dYdX Chain.
