The dYdX Foundation, the foundation that supports decentralized exchange dYdX, has requested $30 million in funding from the project’s governing decentralized autonomous organization.
The dYdX foundation provides legal, R&D, marketing, and technical support to the decentralized crypto trading platform.
dYdX Foundation Requests Funding
According to the dYdX foundation, the requested $30 million will be spent over the next three years. The dYdX foundation assists the project in several areas, such as legal, technical support, marketing, and R&D. The dYdX trading project includes a perpetual futures contract exchange and a specialty blockchain in the Cosmos and Ethereum ecosystems. According to the foundation, it aims to help dYdX grow into the “exchange layer of the internet.”
“The dYdX Foundation can help support and accelerate the growth of a robust dYdX ecosystem. The Foundation’s vision is that the dYdX Chain will become the underlying infrastructure of the
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