Research

dYdX Affiliate System Improvement

Completed

Project link

Funding amount

$7,000

Start date

May 2023

Execution

Retroactive

Team

Kagan

Description

Kagan released an in-depth paper exploring improvements to the dYdX Affiliate system ahead of v4 to improve engagement and protocol growth. The paper explores the current affiliate system used to attract new users and promote dYdX, outlines areas for immediate improvement, and explores existing systems across other protocols in a comparative analysis. The community and dYdX stakeholders can begin exploring new areas of growth in light of this research. The Grants program will be issuing a retroactive grant based on the initial findings and commitment to growing dYdX.

Purpose

Payment structure

Retroactive

Useful Links

Impact & Metrics

More grants like this

View all similar projects

LP Vault Research

Funding amount:

$50,000 USDC (with $250,000 USDC capital contribution)

This grant will fund the deployment of capital for testing and analysis of the new LP Vaults functionality launching on dYdX. LP Vaults will allow users to deposit capital for liquidity provisioning on long-tail markets using delta-neutral market making strategies. These vaults may allow users to profit in the long run, and will hopefully contribute towards significantly more liquidity on long-tail markets of dYdX.

Xenophon Labs

Financial Intelligence Reporting

Funding amount:

$4,800

The Considered Finance team has an exceptional history in providing transparency reports on the dYdX DAO each epoch. They are a repeat grantee that has consistently provided valuable transparency data to the dYdX community. As such, we will seek to provide funding for 6 of these reports beginning with epoch 27 and ending with epoch 32 (Feb 2024). These reports will contain full financial statements, runway analysis, trading volumes vs major drivers (volatility and rewards), and other major exchange metrics. The principle is to clearly dashboard the current state of finances as well as provide the data to evaluate financial decisions on a retrospective basis. Here is an example of the most recent report: https://dydx.forum/t/state-of-dydx-finances-epoch-26/1113

0xCLR