This grant will fund the support of DYDX and the dYdX Chain on the Fireblocks platform. Fireblocks is the leading institutional wallet provider, used as the primary wallet among all the largest institutions in the space. Market makers, institutional funds, exchanges, settlement platforms and more all use Fireblocks as their primary settlement platform. By continuing to support the dYdX Chain, we ensure that institutions gain access to the protocol within their preferred settlement and custodial environment. This improves adoption and usability of the dYdX chain among institutions.
Support for the dYdX Chain includes custodying the DYDX token, transferring assets on the dYdX Chain, and interacting with the dYdX platform through Fireblocks. Developers can execute more sophisticated interactions with dYdX within Fireblocks using custom transaction calls.