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TechFlow reported, according to the voting results page, dYdX's proposal to reduce liquidity provider (LP) rewards and increase market maker rebates has passed.
Specifically, the market maker rebate will increase from 0.5 bps to 0.85 bps, and LP rewards per epoch will be reduced by 50%, adjusted from 1,150,685 DYDX/epoch to 575,342.50 DYDX/epoch. The portion cut from LP rewards will go into the reward treasury and be allocated through DAO voting.
According to the relevant voting page, dYdX's proposal to reduce LP rewards and increase market maker rebates has passed. Specifically, the market maker rebate will increase from 0.5 bps to 0.85 bps, and LP rewards per epoch will be reduced by 50%, adjusted from 1,150,685 DYDX/epoch to 575,342.50 DYDX/epoch. The portion of LP rewards cut will go into the reward treasury and be allocated via DAO voting.
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