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The dYdX DAO Treasury currently holds 80.5 million vested DYDX and 19.4 million vested stDYDX

2024-07-31 06:42
Odaily News dYdX releases dYdX DAO Treasury management details, with a total of 80.5 million vested DYDX and 19.4 million vested stDYDX in the community treasury as of the date of publication. In addition, 129.7 million DYDX will be vested in the community treasury from the community Vester until August 2026. The assets in the community treasury are currently limited to DYDX and stDYDX tokens. The lack of a legal entity may create uncertainty from a tax and regulatory perspective if the community wants to convert some of its assets or earn other assets, such as USDC. In addition, having a community treasury composed of a single asset type (DYDX and liquidity staked DYDX) will introduce significant volatility and risk concentration to the overall value of the fund, posing challenges to long-term financial planning and making it difficult to maintain the operation of the DAO in the long term. In addition, in order for the dYdX DAO to be successful in the future, it may be in the best interest of the community to expand the dYdX DAO to include a treasury sub-DAO.