TechFlow news: Amber Group has submitted a proposal on the dYdX forum suggesting to end the Beta phase by activating trading rewards and launching a 6-month incentive program. The proposal includes:
(1) Activating trading rewards by vesting them into the Reward Vault, initially setting the trading reward constant "C" to 0.33 to enable trading rewards, then gradually increasing "C" to 0.66 and 0.90;
(2) Approving Chaos Labs' proposed 6-month launch incentive program;
(3) Replenishing the dYdX Chain community treasury with DYDX tokens according to DIP-29;
(4) Potentially injecting approximately $1 million in USDC into the insurance fund.
The proposal notes that since genesis, dYdX Chain has bridged 430 million ethDYDX tokens, with over 14 million DYDX tokens staked to dYdX Chain validators. The Beta phase successfully tested smooth trading functionality on dYdX Chain, and given its stable performance without major issues, the proposal recommends ending the Beta phase.
