dYdX Community Endorses Revolutionary Revenue Sharing Initiative
The dYdX community has approved a significant proposal that will distribute 50% of protocol revenue to MegaVault and 10% to Treasury SubDAO, marking a major shift in the platform's economic model.
The dYdX Foundation has revealed that its community members have given their approval to a landmark proposal establishing a new revenue-sharing framework.
The groundbreaking proposal, which received approval on Nov. 15, designates 50% of protocol revenue for the MegaVault while allocating 10% to the Treasury SubDAO. The dYdX Foundation reported that the expedited voting process achieved a remarkable 76.99% participation rate, with more than 155 million DYDX tokens representing an overwhelming 89% favorable vote.
The proposal emerged following nethermind's comprehensive analysis published in the community forum on Oct. 22. The initiative specifically addresses key areas including DYDX tokenomics and protocol market competitiveness.
Implementation of this proposal will strengthen DYDX token utility, optimize emission rates, and enhance competitiveness against rival protocols such as Hyperliquid.
50% of revenue to go to MegaVault
The approved framework directs 50% of dYdX Chain's revenue to the MegaVault, an innovative feature enabling users to deposit USDC stablecoins and provide liquidity in return for yield generation. This strategic allocation aims to boost user engagement and strengthen the perpetual decentralized exchange upon protocol launch.
"We are proposing to route 50% of protocol revenue to the MegaVault because liquidity is a fundamental component of dYdX's competitive advantage, and the TVL of the MegaVault should be as high as possible, while also balancing returns to stakers in exchange for the provision of network security," the proposal states.
Despite the substantial 50% revenue allocation, community members recognize that maximizing liquidity will ultimately benefit the DEX. The 10% revenue share designated for the Treasury subDAO will serve to enhance staking rewards.
Since its launch on October 26, 2023, the dYdX Chain has generated an impressive trading volume exceeding $232 billion. Additionally, more than $39 million has been distributed among validators and stakers.
Jonathan Reed
Jonathan has over 20 years of experience in business management and entrepreneurship. He started his career in traditional industries, such as retail and manufacturing, and gradually transitioned into tech startups and cryptocurrency investment in the last decade. With a Bachelor's degree in Business Administration, he combines formal education with hands-on experience in managing successful ventures.
Jonathan is deeply familiar with market trends, risk management, and investment strategies. Over the past five years, he has developed a strong portfolio in cryptocurrency, stocks, and real estate.