dYdX Foundation Proposes Treasury Update for Enhanced Cash Flow Management

The dYdX Foundation has proposed a temporary update to its treasury management, aiming to optimize cash flow and reduce transaction costs. This proposal includes adjustments to the subDAO’s charter and board composition, along with the expansion of buyback locations to include off-market purchases. These actions are expected to streamline the dYdX DAO’s finances, resulting in improved cash flow. The proposed changes will be finalized on April 14th.