DYdX community has passed the governance vote of reducing transaction rewards by 45%

It is reported that the dYdX community has reduced the transaction reward by 45% of the governance vote (from 2876712 DYDXs to 1582192 DYDXs, and the rest will be accumulated), of which more than 25 million votes were in favor of the vote and 5 million votes were against it, aiming to increase the number of Token in the agreement reward treasury.

Interpretation of this information:

The dYdX community has reportedly decided to reduce the transaction reward by 45% of the governance vote. This means that instead of the previous amount of 2876712 DYDXs, the new amount will be 1582192 DYDXs, and the remaining amount will be accumulated. This decision was made through a governance vote, with more than 25 million votes in favor and 5 million votes against it.

The purpose of this decision is to increase the number of tokens in the agreement reward treasury. This move could have several benefits for the community. For example, it could provide more liquidity and stability for the dYdX platform, which could attract more users to the platform. By increasing the number of tokens in the reward treasury, the community can also incentivize users to participate in the platform and its governance activities, as they will have a greater potential to earn rewards.

It is also worth noting that this decision was made through a governance vote, which emphasizes the importance of community participation in the dYdX ecosystem. The community members have a say in the platform’s future and are able to propose and vote on changes that can benefit the platform and its users. This level of decentralization and community involvement is in line with the ethos of blockchain technology and is a key part of the success of many other decentralized finance (DeFi) platforms.

In summary, the dYdX community has voted to reduce the transaction reward by 45% to increase the number of tokens in the agreement reward treasury. This decision could have several benefits, such as providing greater liquidity and stability for the platform and incentivizing users to participate in the platform’s governance activities. This vote also demonstrates the importance of community participation in the dYdX ecosystem and underscores the decentralized nature of the platform.