The renewal of the grants program is part of dYdX ongoing efforts to support the growth and development of its popular trading protocol, which holds over $392 million in locked value as of Friday. By shauryamalwa
An ongoing proposal on decentralized exchange platform dYdX that seeks the renewal of its DeFi grants program is seeing mixed community reactions.
“For now, due to conservative operations, the DGP still has plenty of funds to continue operating without needing a top-up from the community. As of this writing, the program has ~$2,700,000, which consists of ~$2,170,000 worth of DYDX and ~$530,000 worth of USDC,” developers said. Multisignature, commonly referred to as multisig, requires more than one signatory to authorize or sign transactions for any smart contract digitally.
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