The dYdX community has voted to distribute $1.5 million in DYDX from the treasury of the decentralised cryptocurrency derivatives exchange. The tokens will be allocated to those qualifying under the tenth season of the launch incentives programme.
Vote passed ✅
The community has voted to distribute $1.5M in $DYDX from the dYdX Chain Community Treasury to qualifying users as part of season 10 of the Launch Incentives Program.
?️ https://t.co/i5UxwJYbEA pic.twitter.com/zPIkH929g2
— dYdX Foundation ? (@dydxfoundation) March 31, 2025
The decision was supported by 94.17% of voters, with 5.83% abstaining. No votes were cast against the proposal.
Voter turnout was 49.84%, with 38 out of 60 active validators and 488 accounts participating in the poll.
DYDX is trading at $0.624, having lost 81.8% of its value over the past year. ATH is $27.857.
Earlier in March, dYdX launched a buyback programme for its native DYDX token, allocating 25% of monthly commission revenue to the initiative.
Previously, ForkLog provided an in-depth analysis of the fee switch concept, which includes more active buyback and burning of coins.