dYdX Foundation Raises $8 Million to Launch New Funding Initiative

Foresight News reports that the dYdX Foundation has announced it has raised $8 million worth of DYDX to launch a new dYdX Grants Program. This initiative aims to accelerate the ecosystem’s development through strategic funding in infrastructure, growth, and research. The funding cycle will last 12 to 18 months, with a focus on transparency, efficiency, and long-term alignment with the protocol’s objectives.