dYdX Prop #233 Vote
MAR
29
Event date
Saturday 29 March 2025, UTC
Event description
- The dYdX Foundation, established in 2021, drives decentralized governance for the dYdX protocol, a DeFi platform for perpetual futures trading, by empowering community voting on key updates like the proposed liquidity tier for Instant Market Listings.
- Instant Market Listings, launched in November 2024, allow users to list and trade any asset on dYdX with immediate liquidity from the MegaVault, requiring a $10,000 USDC deposit for 30 days to ensure orderbook depth.
- On-chain voting, as used here, records votes directly on the blockchain via smart contracts, ensuring transparency and immutability, a method increasingly adopted in DeFi governance since AAVE’s model in 2020.
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