dYdX Ecosystem Development Program Announces New Funding Round with Total Funding Amount of $2.6 Million

BlockBeats news, on May 17, the dYdX Ecosystem Development Program announced the latest round of funding, with a total funding amount of US$2.6 million. The details are as follows:

1. Integrate Skip Protocol's Slinky sidecar to support new price oracle mechanisms and dYdX's permissionless market listing system.

2. Xenophon Labs tests and analyzes the upcoming LP Vault feature, which will be launched on dYdX soon. Allows users to use delta-neutral market-making strategies for liquidity provision in long-tail markets.

3. RHINO, kingnodes, Polkachu, and Lavender will manage Solana RPC nodes, enabling dYdX to access Solana's price data sources.

4. Fund Viktor Mirovic to manage four Solana RPC nodes to increase redundant and decentralized price discovery capabilities.