Decentralized exchange dYdX passed a vote to reduce trading rewards by 45%, sending the token surging to $2.52. Reporting by oknightcrypto.
DYDX token, the native token of the decentralized exchange of the same name, has surged by 29.89% on Monday after a governance vote to reduce trading rewards by 45% passed.
, which received over 25 million votes in favor compared with five million votes against, aimed at increasing the amount of tokens in the protocol's rewards treasury, with a decision on what happens to those tokens to be determined at a later governance vote.. And whilst the entire cryptocurrency market has experienced a boost today following a short squeeze, DYDX has outperformed the major crypto assets like bitcoin and ethereum.
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