dYdX Foundation Proposes Treasury Reorganization to Optimize Cash Flow

The dYdX Foundation has proposed a temporary treasury update plan, aiming to improve cash flow management within the dYdX DAO. This proposal includes modifications to the subDAO’s charter and board members. Further, it aims to expand buyback locations beyond traditional markets to include off-market buybacks. These strategic actions enable the dYdX treasury to contribute to better cash flow management and reduce transaction costs. The proposal will conclude on April 14th.