🚨 dYdX Foundation Proposes Treasury Update to Enhance Cash Flow Management 🚨
According to Foresight News, the dYdX Foundation has introduced a temporary proposal to update its treasury. Key points include:
1. Changes to the subDAO’s charter and board members.
2. Expansion of buyback locations to include off-market buybacks.
💡 Off-market buybacks aim to improve the dYdX DAO’s cash flow management and reduce transaction costs.
The proposal is set to conclude on April 14.
What are your thoughts on these changes? Will it strengthen dYdX's position in the market? Let’s discuss!