According to @dydxfoundation, an on-chain vote has been initiated to seek community approval for transferring $8 million worth of DYDX tokens from the Community Treasury to fund a new Grants Program managed by dYdX Grants Ltd., a subsidiary of the dYdX Foundation. This proposal, if approved, could impact the circulating supply and short-term price movement of DYDX (DYDX), and aims to incentivize ecosystem development. The vote is open until August 8, 2025 at 16:56 UTC. Traders should monitor DYDX price action and governance outcomes closely for potential volatility and liquidity shifts (source: @dydxfoundation).

According to @dydxfoundation, the Head of Business Development, @jonichja, discusses the dYdX Grants program, which aims to support impactful projects within the dYdX ecosystem. The program provides funding and resources to selected projects, and @jonichja highlights some of the existing grantees who have benefited from this initiative.