Risk analysis platform Chaos Labs initiates a dYdX community proposal to allocate $20 million $DYDX tokens as incentives to early users of dYdX version 4. This proposal aims to incentivize the migration of trading volume and users from v3 to v4.
The incentive program is set to last for six months and covers activities such as deposits, trades, staking, and governance participation. The proposal is scheduled to commence voting tomorrow.
In early September, the dYdX community had already voted to approve the proposal initiated by Wintermute, titled "V4 Adoption and DYDX Token Migration to the dYdX Chain." The dYdX Chain is currently in its final testing phase and is set to launch on the mainnet in October this year.
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