dYdX Community Approves $5M Token Distribution, RNDR-USD Update, and MAVIA Vote by August 6

The dYdX community has recently approved several significant measures as part of its ongoing governance activities. A vote has passed to distribute $5 million in $DYDX tokens to traders as part of Season 5 of the Chaos Labs Launch Incentives Program.

Additionally, the community voted to update the RNDR-USD market parameters, achieving a turnout of 79.23% with 98.44% voting in favor.

Another governance vote confirmed the dYdX Chain Software Upgrade v5.2.0, with a turnout of 53.52% and 97.78% approval.

Furthermore, a new on-chain vote has been initiated to consider the addition of $MAVIA from MaviaGame to the dYdX Chain, which will conclude on August 6, 2024, at 19:52 UTC.

The dYdX community is also launching the dYdX Discovery Program, aimed at gathering insights from traders and stakeholders to enhance the user experience.

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