According to BlockBeats news on August 11, the dYdX Foundation announced the allocation of 8 million USD DYDX tokens from the dYdX chain community treasury to fully upgrade its grant program, aiming to accelerate ecosystem growth, enhance capital efficiency, and provide strategic funding support for high-impact projects. The 8 million USD funding is expected to focus on three main areas over the next 12-18 months:
· Infrastructure, development tools, and security system construction
· Ecosystem expansion plan
· Cutting-edge technology research and development
The new plan will be directly operated by the foundation's wholly-owned subsidiary dYdX Grants Ltd., replacing the original Grants DAO structure.
