According to @dydxfoundation, the community approved setting the default funding rate to 0 for PAXG-USD, PENGU-USD, POL-USD, POPCAT-USD, PUMP-USD, SPX-USD, S-USD, and SYRUP-USD via governance proposal 316 (source: dYdX Foundation on X, Nov 17, 2025; source: Mintscan dYdX Proposal 316). For traders, a 0 default funding rate means no baseline funding payment between longs and shorts at initialization for these markets, aligning with how dYdX defines funding payments as transfers determined by the funding rate parameter (source: dYdX Foundation on X; source: dYdX Chain Docs – Funding Payments). This parameter update applies specifically to the listed dYdX markets and takes effect per the on-chain governance outcome, impacting carry and hedging only insofar as the protocol’s default funding rate is now zero for these pairs until further governance changes (source: Mintscan dYdX Proposal 316; source: dYdX Chain Docs – Funding Payments).