dYdX Grants program applies for $12 million worth of DYDX tokens from the community treasury to fund dYdX ecosystem development plans.

BlockBeats news, on February 14th, a new proposal was announced on the dYdX community forum. The dYdX Grants program plans to apply for 12 million dollars worth of DYDX tokens from the community treasury to fund the dYdX ecosystem development plan. The funding is expected to provide an additional 24 months of support for the plan, including operational budgets and volatility buffers. The main goal of the dYdX Ecosystem Growth Fund (DEP) program is to serve as a partner and financing department for dYdX, helping to support infrastructure, chain services, protocol development, and growth.