Full RFP description can be viewed here.
On Aug 6, 2024, dYdX Trading published a deep dive on the MegaVault.
MegaVault is an upcoming user-facing feature on the dYdX Chain that enables users to deposit USDC in exchange for yield while providing liquidity to various markets on the dYdX Chain. The deposited USDC will be utilized in automated market-making strategies across markets on dYdX Chain.
MegaVault will operate using multiple “sub-vaults,” each running an automated market-making strategy for a specific market. The initial version of MegaVault will require an “operator,” elected via governance, to manually perform critical operational tasks such as moving USDC between sub-vaults and adjusting parameters that control the vault’s quoting strategies. Future iterations may automate these tasks, potentially removing the need for an operator.
The operator is expected to conduct preliminary research into the workings and requirements for a successful deployment and operation of the MegaVault. Preliminary research includes reviewing the vault parameter codebase, designing a playbook for how to manage allocations, and thinking through risk management strategies.
The operator will be responsible for drafting and submitting a governance proposal to launch the MegaVault and assign themselves as the operator.
If the dYdX community approves of the proposal, we expect the following ongoing responsibilities for the operator role:
dYdX is excited to announce the “IRL Champions” sponsorship initiative, aimed at recognizing and rewarding exceptional individuals within our trading community. This initiative is designed to provide all-expenses-paid opportunities for outstanding community members to attend leading blockchain conferences worldwide. Through this program, dYdX Champions will foster a stronger, more engaged community, and increase dYdX’s visibility globally.
dYdX is seeking proposals from top communities to execute a comprehensive content strategy targeting the Dutch-speaking crypto community. This RFP aims to bring awareness to dYdX, educate potential users, and onboard them onto our platform.
To effectively reach and engage the Dutch-speaking audience in the cryptocurrency space, focusing on creating high-quality, informative content that resonates with both seasoned crypto traders and newcomers.
Community Interaction: Actively participate in community discussions, provide support, and gather feedback to improve ongoing strategies.
dYdX is seeking proposals from top communities to execute a comprehensive content strategy targeting the German-speaking crypto community. This RFP aims to bring awareness to dYdX, educate potential users, and onboard them onto our platform.
To effectively reach and engage the German-speaking audience in the cryptocurrency space, focusing on creating high-quality, informative content that resonates with both seasoned crypto traders and newcomers.
Community Interaction: Actively participate in community discussions, provide support, and gather feedback to improve ongoing strategies.
Grant to sponsor a crypto or trading related event that includes marketing and promotion.