dYdX Community Votes on V4 Upgrade Proposal as $14 Million Worth of Tokens Unlock

2023-8-30 19:00

The dYdX (DYDX) community unanimously voted in favor of Wintermute proposals, including adopting the dYdX version 4 (V4) software, as a $14 million token unlock got underway

Wintermute, a cryptocurrency market maker, has pitched the adoption of a V4 open-source software. The voting process for the same started on Tuesday, with a deadline of Sept. 2. 

dYdX V4 Wintermute Proposal Gets Unanimous Approval

In addition, Wintermute has also proposed a migration of the DYDX token to the Layer 1 dYdX chain. An Ethereum smart contract will facilitate the migration from the Ethereum chain to the dYdX chain.

Click here to learn more about smart contracts

So far, the proposal has received a 100% vote in its favor.

dYdX proposal voting. Source: Snapshot Token Unlocks

According to data from TokenUnlocks, more than 6.52 million were unlocked on Tuesday. The tokens, worth $14 million, comprise 3.76% of the circulating supply.

dYdX, a decentralized exchange (DEX), has planned the token unlock for the following beneficiaries:

2.49 million tokens worth $5.36 million for community treasury. 1.15 million tokens worth $2.47 million for liquidity provider rewards. 2.88 million tokens worth $6.18 million for trading rewards. DYDX token unlocks. Source: TokenUnlocks

dYdX unlocked a similar portion of tokens on Aug. 1, which caused the price to fall by over 10% in two days. 

The screenshot below shows that since mid-July, DYDX has remained range-bound between $2.248 to $1.899. Currently, it is testing the resistance at $2.248

Moreover, the 200-daily Simple Moving Average (SMA) coincides with the horizontal resistance area.

DYDX/USDT 1 day chart. Source: TradingView

Do you have something to say about the dYdX proposal or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post dYdX Community Votes on V4 Upgrade Proposal as $14 Million Worth of Tokens Unlock appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

dydx million unlock community votes worth upgrade

Источник: beincrypto.com

dydx million → Результатов: 17


Фото:

Defi Derivatives Exchange Dydx Raises $65 Million – Project Plans to ‘Launch a Mobile Application’

The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.

2021-6-16 12:30


Decentralized Exchange (DEX), dYdX, Raises $10 Million Following A Record 2020

Decentralized exchange dYdX has raised $10 million in Series B round led by Three Arrows Capital and DeFiance Capital, which the team calls “an important milestone.” While a16z, Polychain Capital, Kindred Ventures, 1confirmation, Elad Gil, Fred Ehrsam continued their support, Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital are the new investors […] The post Decentralized Exchange (DEX), dYdX, Raises Million Following A Record 2020 first appeared on BitcoinExchangeGuide.

2021-1-28 21:10


Фото:

Hacker Makes $360,000 ETH From a Flash Loan Single Transaction Involving Fulcrum, Compound, DyDx and Uniswap

From nothing, $360,000 has gone into the pocket of someone in seven steps. One, get out a flashloan for 10,000 eth (worth about $3 million) from trading platform DyDx. Send... The post Hacker Makes $360,000 ETH From a Flash Loan Single Transaction Involving Fulcrum, Compound, DyDx and Uniswap appeared first on Trustnodes.

2020-2-16 19:31


Top Bitcoin, Blockchain and Cryptocurrency News Headlines For Today [VIDEO]

Spiking Blockchain and AI Asset Validator Raises $30 Million for Crypto Price Analytics Spiking Blockchain and AI Asset Validator Raises $30 Million for Crypto Price Analytics Amberdata Adds Automated Ethereum Blockchain Smart Contract Security Audits Amberdata Adds Automated Ethereum Blockchain Smart Contract Security Audits Radar Relay Ether Coin Trading Platform Introduces dYdX Protocol ETH Short […]

2018-10-28 23:48


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Tokens Worth $443 Million Set for November Unlock

Crypto projects are set to unlock tokens worth nearly $443 million in November, with Hashflow, Aptos, and Avalanche having the largest unlocks. The impact on token prices remains uncertain. The post Crypto Tokens Worth $443 Million Set for November Unlock appeared first on BeInCrypto.

AVAX Price Bucks Under The Pressure Of Upcoming $102 Million Token Unlock

While most altcoins are looking toward a recovery from the recent market crash, the AVAX price seems to be gearing up for the opposite. The reason behind this is the massive token unlock that is set to occur this week, which will undoubtedly place more sell pressure on the already struggling price of the digital asset.