Reduce Trading Rewards by ~45%
Summary:
As part of our V4 Vanguard Post, we propose to reduce Trading Rewards by ~45%. In the current market downturn, we believe Trading Rewards remain excessive and are the highest contributor to yearly token inflation.
By reducing trading rewards, excess DYDX are retained in the rewards/community treasury. This can be accessed by the community through a governance vote, but most importantly, the retained DYDX will have a significant impact on the DAOs ability to fund initiatives in V4 in a sustainable and controlled manner!
Proposed Changes:
- Reduce Trading Rewards to 1,582,192 DYDX from 2,876,712 DYDX
If approved, the reduction in trading rewards will proceed to an on-chain vote.
Should trading rewards be reduced by ~45%?
Off-Chain Vote
Yes
27.53M DYDX91.6%
No
2.53M DYDX8.4%
Discussion
Timeline
Feb 13, 2023Proposal created
Feb 14, 2023Proposal vote started
Feb 18, 2023Proposal vote ended
Feb 01, 2026Proposal updated