dYdX Ecosystem Development Program Initiates New Round Of Grants, Allocating $2M To Ten Projects
In Brief
dYdX Ecosystem Development Program initiated a new round of grants totaling $2 million, targeting wallet integration, trading bots, and more.
dYdX Ecosystem Development Program initiated a new round of grants amounting to approximately $2 million. This round encompasses ten distinct projects, addressing various areas such as wallet integration, market making, trading bots, and enhancements to user interfaces.
The Keplr Wallet Trading Integration grant supports the complete integration of Keplr Wallet with the dYdX trading application, alongside a retroactive grant for Keplr’s current DYDX staking and governance integration.
Another grant is aimed at empowering Pulsar Trading to enhance exchange liquidity through the program. The partnership with Raven and Velar Technologies has been extended for an extra 6 months, expanding support to 60 markets.
Moreover, the dYdX Ecosystem Development Program will allocate funds to Chaos Labs to operate the release incentives program. Recently renewed by the dYdX community, this program involves an added $10 million worth of DYDX tokens to incentivize traders and individuals actively utilizing the protocol.
Furthermore, the Isaac Telegram Trading Bot grant will support the incorporation with Isaac for perpetual trading via dYdX. The first version will facilitate trading in dYdX’s primary markets (BTC, ETH, SOL). The Copy Trading Bot grant was allocated to Erience Solutions to facilitate the creation of an open-source copy trading bot. Furthermore, AJ LaMarc will be tasked with creating a client with a one-click installation.
Nabla HQ Secures Funding For dYdX Trading History And Markets Page Revamp, Helius Labs Awarded Grant For Solana Nodes
As part of the Trading History and Markets Page Frontend Revamp initiative, Nabla HQ has received funding to develop an “export” function and renew the market webpage. Additionally, a grant has been launched for Solana Nodes for the dYdX Testnet. Helius Labs will oversee two Solana RPC nodes to support dYdX testnet validators in accessing price data.
Moreover, the dYdX Ecosystem Development Program has initiated the dYdX Merch Renewal grant. The program’s duration has been extended by six months to support the introduction of new products and operational enhancements.
Developers interested in contributing to dYdX can begin the process by applying for a grant. The project continually accepts and reviews applications. To apply, prospective participants need to complete the form available on the dedicated grants page of the dYdX website. Following the submission, the lead will directly contact applicants whose documents are successfully considered for a grant.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
