dYdX Foundation Proposes Fundraising Plan, Targets $30M in Funding

By Cyrus Dailey Jan 30, 202469Views

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The dYdX Foundation, which supports the decentralized exchange dYdX, has asked for $30 million in funding from the project’s decentralized autonomous organization (DAO). The foundation provides legal, technical, and marketing support to the crypto trading platform. The requested funding will be used over the next three years to help dYdX grow and become the “exchange layer of the internet.” The proposal includes a budget breakdown, with 50% allocated to payroll and percentages set for marketing, legal disbursements, and contractors. The request has received positive feedback from dYdX stakeholders and will be put to a vote until February 2nd. The Foundation has also outlined its commitment to reducing risk through capital preservation strategies and diversifying its assets. If approved, the next budget request would likely be made in mid-2026.

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