Gate News announcement, April 2, the dYdX Foundation announced that community on-chain voting for #372 has passed, approving the allocation of 10 million USDC from the insurance fund to provide funding support for the DAO. According to the proposal, the funds will be allocated to three entities: 2.5 million USDC will be transferred to the dYdX Operations sub-DAO as operating capital, 5 million USDC will be transferred to the dYdX Treasury sub-DAO as a discretionary reserve, and 2.5 million USDC will be transferred to the dYdX Foundation for ecosystem development and governance support. Currently, the insurance fund holds approximately 17 million USDC, of which approximately 7 million USDC is held as a protocol security buffer.
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