All Fees of dYdX v4 will go to Validators/Stakers, says Founder

All Fees of dYdX v4 will go to Validators/Stakers, says Founder

Antonio, the founder of dYdX tweeted some details about the new dYdX chain. The dYdX chain will have many validators all selected by token staking, not just one sequencer that can censor or halt the whole chain. There will be no multi-sig admin access, no transaction can be censored, and all DAO funds will be solely controlled by token holders.

Trading fees will be similar to v3, and fees will only go to validators and stakers of the new dYdX chain. The dYdX chain will connect to the Native $USDC issuance chain Noble and Osmosis through IBC to onboarding native $USDC.

Antonio also mentioned the team now has enough funding for five to six years of runway.

 

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dYdX

DeFi

Cosmos

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