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dYdX proposal to decrease LP rewards and increase liquidity provider rebates has been approved through voting.
2023-07-24 05:26
Odaily News According to the snapshot result, the proposal of dYdX to reduce LP rewards and increase market maker rebates has been approved through voting. The market maker rebate will be increased from 0.5bps to 0.85bps, while the LP rewards will be reduced by 50% from 1150685 DYDX/epoch to 575342.5 DYDX/epoch. The reduced LP portion will be allocated to the reward pool through DAO voting.
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