The proposal to launch and operate sub-DAO V2 and request $6.6 million in funding from the community treasury was voted on by dYdX.

BlockBeats news on June 5th: The decentralized perpetual contract protocol dYdX's community voted in favor of the "Launch of dYdX Operating Sub-DAO V2" proposal, with a support rate of 99.95%. The proposal was made by the dYdX Operating Trust Fund (DOT) represented by trustees Joanna and Callen, requesting a transfer of $6.6 million from the dYdX community treasury to the DOT multisig wallet (0xa8541f948411b3F95d9e89e8D339a56A9ed3D00b) to provide funding for the operation of the sub-DAO for another 18 months (DOT 2.0). DOT currently has 87,077.50 USDC remaining, and after the expiration of DOT 1.0 on June 19th, the remaining funds will be transferred to DOT 2.0. DOT 2.0 will be responsible for hiring an operations director, a technical project leader, and a site reliability engineer, identifying an indexer operator, deploying open-source software and running iOS, Android, and web front-end versions for potential future versions of the protocol, hiring third-party auditors to evaluate DOT's finances and performance, increasing the number of DOT multisig trustees, and the remaining funds at the end of DOT 2.0's mission will be sent to a community-controlled wallet as decided by the dYdX community. In addition, Reverie Reserves, LLC and George Beall have decided to step down as trustees and executors after the expiration of DOT 1.0 on June 19th. DOT has appointed three new trustees and one executor.