TechFlow reported that the proposal initiated by the dYdX Foundation to "transfer $30 million (10,915,674 DYDX tokens) from the dYdX Chain community funds to the Foundation's cold storage wallet" has concluded voting, passing with a 98% approval rate.
Voting details: 91.5% turnout (51 out of 60 active set validators and 1,305 accounts voted), with 98% voting in favor, 0.1% opposed, and 2% abstaining.
Earlier report, on January 30, the dYdX Foundation opened voting for a proposal to "transfer $30 million worth of DYDX from the dYdX Chain community treasury to the Foundation’s cold wallet to fund its operations for 36 months." The funding will support dYdX Chain governance, DAO enablement, technical integrations, global marketing, talent acquisition, and other initiatives. Funds will be used to hire top talent, drive adoption of dYdX Chain, and advance decentralization. The Foundation clearly stated it does not aim for profit but rather to promote the growth of the dYdX ecosystem.
