The dYdX ecosystem development plan announces a new round of funding, with a total amount of $2.6 million for five grants
The dYdX ecosystem development plan announces the latest round of funding, with a total amount of $2.6 million for five grants. Details are as follows: · Integration of Slinky sidecar from Skip Protocol, supporting new price oracle mechanisms and dYdX's permissionless market listing system. · Xenophon Labs tests and analyzes the upcoming LP Vault feature to be launched on dYdX. It allows users to provide liquidity in long-tail markets using delta-neutral market making strategies. · RHINO, kingnodes, Polkachu, and Lavender will manage Solana RPC nodes, enabling dYdX to access Solana's price data sources. · Funding Viktor Mirovic to manage four Solana RPC nodes increases redundancy and decentralized price discovery capabilities.
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