dYdX Foundation: Will oversee its grants program starting from August 2025, achieving approximately $2 million in annualized cost savings
Jinse Finance reported that the dYdX Foundation stated on X that since August 2025, the dYdX Foundation has been responsible for overseeing its Grants Program to enhance accountability, transparency, and impact tracking. In the first three months, the program achieved annual savings of approximately $2 million through contract renewals, renegotiations, and terminations linked to impact. Recent grant activities include: funding OEGS to support low-latency and fair-access trading; supporting the Free Deposit initiative to enable fee-free cross-chain bridging from Ethereum and L2s to dYdX; and providing research funding needed for BTC and SOL fee reduction campaigns, which led to an estimated doubling of trading volume.
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