Funded grants

This is a grant to the Silk Nodes Validator team to build and maintain their Validator Tools alerting system and discord bot for dYdX. Validator Tools is a comprehensive suite of products and services aimed at improving the quality of life for validators and users of the v4 chain. These tools include validator alerts, chain snapshots, node setup and upgrade guides, governance proposal alerts, and more. Validators can join the dYdX discord (or add the bot to their own server) to receive custom alerts on their own uptime status, ensuring that they are immediately alerted in the event that their node goes down. The tool also informs validators of impending upgrades, minimizing chain downtime during an upgrade. Approximately 33% of dYdX validators have enabled alerts already. The grant is inclusive of a retroactive grant for setup, testing, and initial maintenance of the bot in the dYdX discord during the month of October, as well as a recurring grant for 5 months of forward-looking maintenance through the end of March, 2024.

This grant will fund the support for dYdX v4 on Forest, an enterprise-grade wallet suite for crypto professionals that need additional security and functionality to their wallet. Forest provides a comprehensive custody solution comparable with those that investors have come to expect on Ethereum.

This grant will fund a group of contributors to participate in MEV mitigation efforts through a social slashing committee. In response to MEV concerns on v4, Reverie shared a proposal to launch a committee responsible for monitoring, analyzing, and reporting on MEV activity across active validators. The proposal received overwhelmingly positive feedback from the community, and pass the on-chain vote. The committee will consist of seven members responsible for: regular meetings to discuss and analyze MEV activity, submitting recommendations for retroactive responses as needed, sharing finding with the community, developing a framework for future responses to MEV.

This grant will fund the development and support of a C++ client designed for trading on dYdX v4. The team has finished building a proprietary client in C++ for programmatic trading on. Through this grant, the team will redesign their code to make it more accessible for everyday traders, and ultimately open source the client for public use. $25,000 will be paid out for the development and open-sourcing of the client, and the remaining $5,000 will be paid to support the codebase for an additional six months. We expect changes to be needed and issues to appear in that period.

This grant will fund the ongoing support of advanced dYdX functionality on the Mintscan explorer. Funding is split between a $100,000 retroactive payment rewarding Cosmostation for the work already completed and $240,000 for ongoing maintenance and additional feature support in the next twelve months. The retroactive payment includes six months of testnet support and building advanced features specific to dYdX including subaccounts, proposed operations, and clob pairs. Monthly payments will cover the costs of all the technical requirements and manpower needed to support the explorer along with any minor ad-hoc requests made by Trading, Foundation, or the community. Ongoing support includes running RPCs, a custom indexer, a replicated database, and monitoring tools, all of which will depend on Cosmostation manpower to maintain efficiently for the explorer to run smoothly. This includes both mainnet and testnet explorer support.

This grant will fund support for the dYdX Chain and DYDX tokens on the Keplr multisig wallet. Funding will cover prior work done to build the multisig ($10k) and ongoing support for maintaining dYdX on the wallet ($10k). The wallet is ready to be released and will be maintained for 12 months with 99.9% uptime and a commitment to support dYdX users.

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

Over the last six months, the dYdX merch program has been highly successful at engaging contributors, promoting dYdX at events, and rewarding community members. As such, we’ll be renewing the merch program for another six months. This is inclusive of a retroactive grant of compensation for the month of October, during which the Toyoji team continued to run the merch program without pay. This new iteration of the merch program will seek to increase community involvement in the merchandise selection process. New items of merchandise will be voted upon by the community before being released.

dYdX’s transition to the Cosmos stack with the v4 chain will be accompanied by a number of significant changes in the protocol’s infrastructure. There’s currently an education gap in what these changes will entail, as most dYdX users are unfamiliar with the Cosmos SDK. This education gap is particularly prevalent in countries in Asia, which include some of dYdX’s largest markets. This grant aims to decrease that education gap amongst dYdX users by funding the Four Pillars Research team to prepare a comprehensive research report on the dYdX v4 chain. The report will cover the infrastructure changes that will accompany the shift to the Cosmos SDK including the new order-matching engine, validator infrastructure, and more. The report will be published in both English and Korean, and will be made available for free to the public on Four Pillars’ website at https://4pillars.io/en

This grant funds the Skip team's ongoing work for the dYdX MEV dashboard, to monitor and analyze "Sovereign MEV" within the dYdX ecosystem. Created in collaboration with the dYdX research team, this dashboard will measure MEV through its proxy metric - "orderbook discrepancy". The underlying goal is to combat the negative aspects of MEV, such as atomic sandwich attacks, and to promote the benefits from benign MEV instances like arbitrage. Find more details about the dashboard’s purpose and utility here - https://dydx.exchange/blog/update-on-mev.

This grant will fund the deployment and support of a dYdX Chain instance on the Observatory dashboard. Observatory is used to monitor the health of Cosmos protocols and their validator sets. Given dYdX’s migration to Cosmos, there are a few concerns regarding validators specifically, including: Will dYdX include U.S. based validators? Will validators converge in Japan to minimize latency with other exchanges and internal servers? Will validators use the same ISPs? Will validators deploying outside of the co-location region (e.g. Japan) be at a significant disadvantage? This dashboard will help the community answer these questions with in-depth data on both the chain and validator set. The grant will fund 12 month support for nodes, maintenance, and ongoing testing to ensure accurate and relevant data is presented.

This grant will fund the development and support of data indexing services for dYdX v4, and the deployment of a dYdX v4 analytics dashboard with custom queries. Numia is the leading data service provider for Cosmos chains, supporting in-depth querying capacities of protocol data. Through this grant, dYdX will get access to CheckTx (the stage before confirmation) indexing, offering more granular analysis of orders processed on dYdX. Simultaneously, the Numia team will be deploying an instance of their Lenses analytics tools for dYdX. The dashboard will deploy custom queries to their portal, with access to data like Trading activity, Rewards and Fees, Treasury activity, and more. The community will be able to customize these data points for research and insights.

This grant will fund additional support to an existing grant with Strangelove to deploy and maintain Circle’s Cross Chain Transfer Protocol (CCTP) between dYdX Chain and Ethereum. The previous grant funded its development and relaying from Ethereum to dYdX Chain. This extension will fund the reverse direction, supporting withdrawals from dYdX Chain back to Ethereum. The grant includes building out the infrastructure and maintaining a relayer from dYdX to Noble supporting withdrawals.

This is a grant to the Chaos Labs team to design and administer the dYdX Launch Incentives Program. The dYdX community has already approved the allocation of $20M in DYDX From the dYdX Chain Community Treasury for this initiative via a Snapshot vote. The Chaos Labs team will design the launch incentives distribution framework with community feedback and build a public-facing portal to be utilized by the community. The portal will be an all-encompassing data hub for v4, allowing for complete transparency across all markets and aggregating top-level data. When trading is live on dYdX v4, Chaos will conduct a thorough trading season analysis for each epoch, prepare transparency reports, and make recommendations for incentives distributions according to the incentives distribution framework. These recommendations will be decided upon by dYdX governance before rewards are distributed to traders.

The grants team engaged Chaos Labs to onboard as a service provider through a formal agreement: https://drive.google.com/file/d/11xOb0fTciB2bueUbHMdH7pD3lyj_yAdn/view. The scope of work included a New Asset Listing portal, LP Reward Reporting and Analysis, and a Market Maker Risk portal. After starting work, dYdX announced the transition to v4, including updates that clashed with these deliverables (new assets paused and potential sunsetting of LP rewards). In response, the agreement was put on pause to negotiate its continuation and possible repurposing to a new scope. Chaos had already completed $300,000 in deliverables by the time it was paused, making them entitled to this compensation. After exploring alternatives, we have decided to terminate this engagement in favor of other projects with Chaos.

In response to MEV and trade censorship issues, dYdX would like to explore the implementation of Trusted Execution Environments (TEEs) (e.g. SGX server) on the protocol's validator set. TEEs would allow the protocol to manage client deployments and enable encrypted market order data, preventing censorship and frontrunning. The goal of this research is to explore the viability of TEEs as a solution to MEV. The team will experiment with bandwidth and order processing on TEEs, and develop a framework for implementing this as a solution. If the research is successful, and the dYdX community or contributors chooses to use the framework, the team will unlock an additional success fee.

This is a follow-on grant to the previous Dashboard grant. As part of this grant, Skip will run between 5 to 10 custom geo-distributed dYdX nodes, modified to catch and measure specific MEV events for the existing MEV dashboard. The team will maintain the dashboard, with database services, uptime, and ongoing development. The grant will include submitting PRs and updating the dashboard as needed to continue measuring relevant MEV data.

The Indexer is a core component of the dYdX v4 protocol architecture. The service will enable read-only querying of protocol data, giving clients (e.g. Frontend, Mobile application) more efficient access to orders, trades, accounts, and other important data points. You can read more about the Indexer here: https://dydx.exchange/blog/v4-deep-dive-indexer. The grants program will be funding Imperator to run an Indexer on the dYdX Testnet for three months. The grant will include a best effort to meet the following SLAs: 99% uptime, 24/7 response time, 100% response within 30min of pagerduty alerts, and redeploy readiness at least three times a week. The funding for this grant is split between fixed manpower costs and variable infrastructure costs. $30,000 will be paid each month for manpower. Imperator will bill the Grants program each month for the costs of running the Indexer, with a cap of $80,000 per month.

Sponsoring an event in Tokyo to promote dYdX through hands-on onboarding and community engagement. The event will include an overview of dYdX, the future dYdX v4 chain, and methods of participating in the protocol through delegations and contributor work. The goal of the event is to grow dYdX engagement across the crypto community in Tokyo. Hisashi and Charles from the dYdX Foundation will be attending the event.

Sponsoring a Cosmos related event in Seoul to promote dYdX across the ecosystem and engage with the developer community. Hisashi from the dYdX Foundation will be attending the event and speaking as representatives of the dYdX community. The grant will also include distributing dYdX Merch to further promote the brand name.

Sponsoring an event in Ukraine to promote dYdX through a community member workshop. The event included an overview of dYdX, perpetuals, and DeFi overall. The goal was to promote dYdX and onboard new users with a hands-on approach, while also engaging local community members and grow the ecosystem.

As part of our sponsorship of the Epic DeFi day in Portugal, we are sponsoring two active dYdX community members to attend and promote dYdX in person with Merch. This is an opportunity for community members to attend events, learn from speakers, and engage with other ecosystem participants while promoting dYdX.

Metanomics is hosting a hands-on, dYdX onboarding workshop in Antwerp, Belgium with 20 - 50 attendees. This event will cover educational content on DEXs, Perpetuals, and walk users through onboarding to dYdX and trading on the platform. Attendees will leave with a new account setup and hands-on experience with using the dYdX platform.

Espacio Cripto will be hosting a dYdX themed workshop in Mexico City that includes a talk on DeFi trading, hosting an experienced derivatives trader to discuss perpetuals and dYdX, and finally a community panel to discuss retail trading opportunities on dYdX. The event is expected to have at least 50 attendees in a popular Mexico City location.

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.

DSRV will support dYdX Chain testnet services for six months at launch, including 2 RPC endpoints, 2 Archive Nodes, a testnet faucet and ongoing monitoring/support. The services will be accessible to everyone through their website: https://www.allthatnode.com/. RPC endpoints and Archive nodes will make life much easier for new developers, builders, and contributors. We expect all future contributors to depend on these services to interact with the testnet.

This community member based in Vietnam will be building up the local dYdX community with a dedicated channel, local events, dYdX Vietnam Twitter, and media sponsorships.

This group of Turkish contributors have been working on DeFi content through video publishing. They've previously interviewed Foundation CEO Charles: https://www.youtube.com/watch?v=YJnKryt9noo. This project will see them publish 4 new dYdX deep dive videos for promotion in Turkey.

0xCLR has been writing Financial Health reports on behalf of the DAO for the past few epochs. Through this grant, the report will be scaled to include more information that will guide the community around decisions and understanding of the protocol's financial health. The report will include data on the treasury, spending activity, fees generated, and other important health factors to begin budgeting the future of the dYdX DAO.

EpicWeb3 is Web3 focused conference taking place in Lisbon on July 5th. The event is bringing together speakers from different areas of the industry with tons of experience to discuss areas of development and growth. We are sponsoring the event to include dYdX branding across the event, but will also use the sponsorship as a means of sending active community members to the event. dYdX branding and marketing will be performed as part of the sponsorship, but the goal is primarily to give community members a chance to attend and speak. We have two community members attending the event to represent the dYdX community and learn from industry leaders.

Heading into v4, the dYdX Chain will enable permissionless listing of new markets - similar to Uniswap's pool listing model but for perpetual markets. With that comes complicated questions and design mechanisms to mitigate risks, improve user experiences, and incentivize liquidity provisioning. To help us dig through these questions, Chaos Labs will be conducting research to deliver a clear framework outlining the design and requirements to enable permissionless listings.

Ahead of the v4 migration, a lot of questions are being asked around the impact on governance and the current delegate structure of dYdX. The Flipside Crypto team will be leveraging lessons learned from both Ethereum and Cosmos based protocols to produce insights for the dYdX protocol. The deliverable will include thoughts around ways to transition delegates and existing governance frameworks to the v4 Cosmos chain.

The current liquidity provider rewards formula includes a few different parameters for scoring providers on their quotes. This research will be exploring methods of optimizing these parameters to encourage better liquidity and improve the efficiency of the LP rewards program. The most significant update will be to the MaxSpread parameter, exploring competitive spreads across dYdX markets (currently set at 20bps for BTC and ETH, and 40bps on all others).

A top priority for dYdX v4 price oracles and liquidations is the development and release of VoteExtensions on the Cosmos SDK. VoteExtensions will allow validators to vote and agree on the oracle price at each block, enabling a more efficient price discovery and liquidation system for the protocol. Aleksandr is an experienced Cosmos developers that will prioritize the development of VoteExtensions to ensure release ahead of the dYdX mainnet. This will allow the integration and testing of VoteExtensions on dYdX v4 ahead of mainnet launch. This grantee will be working closely with the other grant in similar scope.

A top priority for dYdX v4 price oracles and liquidations is the development and release of VoteExtensions on the Cosmos SDK. VoteExtensions will allow validators to vote and agree on the oracle price at each block, enabling a more efficient price discovery and liquidation system for the protocol. Skip Protocol are experienced Cosmos developers that will prioritize the development of VoteExtensions to ensure release ahead of the dYdX mainnet. This will allow the integration and testing of VoteExtensions on dYdX v4 ahead of mainnet launch. This team will be working closely with the other grant in similar scope.

LionDAO is hosting their annual hackathon in NY that brings together 300+ students to build projects in a three-day event. We are sponsoring the event to promote dYdX as a contributor-friendly protocol to engage active builders and future protocol contributors. We view this as a great opportunity to onboard new contributors, and Carl will attend the event as a judge to meet students actively building in person to talk about dYdX and dYdX Grants.

After successfully launching the dYdX Merch program, we are renewing the the program for an additional six months using the remaining funds on hand from the previous round. The funds will compensate the Toyoji team for resupplying stock, processing orders from internal partners (Foundation, Trading, Grants, Community) and online purchases, and maintaining Merch media accounts. The primary mission of the Merch program has transitioned to internal incentive driven, helping promote engagement and contributions through merchandise rewards.

With the upcoming dYdX Chain, the protocol will be dependent on the new Noble chain to support USDC collateral. Strangelove, as the lead developing team of Noble and experienced relayer in Cosmos, will support Noble relaying in testnet and mainnet launch to enable USDC deposits, and build a cross chain relayer ("CCTP"). The CCTP relayer will support relaying between dYdX Chain USDC and Ethereum ERC20 USDC for deposits and withdrawals, allowing users from Ethereum to continue trading on dYdX without having to first bridge their tokens.

Today, dYdX bounds funding rates to a range between -0.75% and 0.75%. This research will explore the impact these limits have on dYdX markets, including a study of market behaviour when funding rates are trading near or at the limits and a peer analysis of other exchanges. The research will deliver a recommendation for updating the limits, and push forward a governance proposal to the existing on-chain parameters (on StarkEx).

This is both a Retroactive grant and a future work grant. The retroactive is being awarded for a video created on bridging deposits that has received +1k views and work done to revamp the Academy library with updated content, thumbnails, and the overall look. The grant is funding a dYdX Ecosystem video that will be included in our quiz section of the Academy to promote participation in the community and DAO beyond interacting with the platform.

James will take on the role of website management and social media engagement for the dYdX Academy throughout our initial launch period. For website management, the role includes regular maintenance and upkeep, updating content across written articles, videos, and quizzes, optimize the website for SEO to improve engagement, and more upgrades as we look to expand (e.g. token gated content). On social media, the role will be crucial to the success of our Academy by engaging crypto twitter actively with regular content distributions, community and online engagement, hosting online events, collaborating with other accounts, and more to drive our media presence.

Ahead our dYdX Academy launch, Anna will be designing 10 custom article headers to go along with the articles written for the initial release. The headers will be customized to leverage dYdX themes and assets with unique traits symbolizing the content described in the article. The designs will be consistent with the rest of our website to maintain a high level of quality across all components.

Mo, not originally assigned with helping the launch of our Merch program, stepped up to play an active role in helping the team improving the overall process and impact of the successful launch. Mo contributed towards outreach initiatives, website design, operational hoops, and more to guarantee a smooth and high impact launch.

Chorus One will produce an in-depth report on MEV in dYdX v4, covering important topics like: validator perspective on the existing understanding of MEV in v4 and possibly new cases, assessing stakeholder interaction across validators and market makers to extract MEV opportunities, and the introduction of dYdX in the existing MEV ecosystem found across Cosmos based chains. The report will provide a better understanding of what to expect in terms of MEV as we migrate to v4.

Skip Protocol will be leading efforts to capture and measure MEV events on dYdX v4 with a public dashboard available to the community. The dashboard will enable data gathering to track MEV across validators and protocol actors (e.g. Market Makers) to better enforce guardrails and possibly penalties on dYdX participants, namely validators. The dashboard will also allow the community to begin scoping out a future MEV solution that addresses all negatives events witnessed. In addition to the dashboard, Skip will be working on a report that covers the perspective of existing searchers looking at dYdX as a new venue for MEV.

The sponsorship includes 12 editions of their weekly show hosted on twitch with dYdX branding, dYdX branding on the website and included in all content produced, at least 3 Twitter threads promoting dYdX, 6 videos promoting dYdX through educational content, 6 articles promoting dYdX content and ongoing news, and additional coverage of dYdX brand where possible.

Funding an in-depth look at the opportunities for cash-and-carry trading in the existing dYdX product. Given the lack of native spot markets, there are capital efficiency considerations, external protocol integration requirements and risks, and other important topics to explore in determining whether a well-capitalized trader can efficiently perform basis trades using dYdX. The delivered report will help traders explore these opportunities and position themselves to capture funding premiums on dYdX.

This grant will fund the initial production of content to be published as part of the upcoming Academy Page release. The grantee will publish 5 new articles, peer-review 5 articles written by co-Editor, work with a visual artist to design the article graphics, and publish social media briefs for the Academy account. In total, 10 articles are being published by both grantees.

This grant will fund the initial production of content to be published as part of the upcoming Academy Page release. The grantee will publish 5 new articles, peer-review 5 articles written by co-Editor, work with a visual artist to design the article graphics, and publish social media briefs for the Academy account. In total, 10 articles are being published by both grantees.

This grant will fund the building of an application that allows dYdX users to access their complete trade history with journaling, reporting, and tracking functions. The goal is to allow traders to track their PnL across multiple timeframes (e.g Daily, Weekly, Monthly, Yearly) and journal their trade entries for historical referencing. Reporting will allow easier access to historical trades for external requirements (e.g. Taxes) and certifications. The Profile element will give users the ability to share their trading performance with other community members, including individual Trade Report Cards and an overall performance page with their accompanying Hedgie NFT (picture a Hedgie with Weekly/Monthly/YTD performance that can be shared publicly).

Grant will sponsor a one-day workshop event in Istanbul, Turkey that includes discussions on dYdX and an interactive session to build a trading bot through dYdX's API. This is a promotional event to engage the Turkish crypto community and promote dYdX as a builder-friendly platform.

Grant will fund the production of a video by popular Greek crypto influencer CryptoCapitalist covering dYdX and all its features as a promotional campaign. Content will include educational material to guide new users through the onboarding process, an in-depth overview of all the protocol features, and an overview of the governance process. The funding is split across milestones, paying out the full amount only when +2000 viewer count is achieved.

Sponsoring a Hackerhouse event in Bangalore, India that will focus on Cosmos builders and projects to engage the Indian crypto community with a focus on Cosmos. The event will be in the last week of January 2023. Sponsorship includes logos, banners, and a Twitter AMA to promote dYdX.

This grant will fund a trial of the Layer3 Quest campaign with two 1 month long quests that promote dYdX and help familiarize existing Layer3 users with the dYdX platform. Layer3 minimizes one-off users by restricting quests to committed permissioned layer3 users only. Quest 1 will ask users to deposit into dYdX, perform a trade, stake DYDX and follow dYdX on Twitter. Quest 2 will ask users to perform a leveraged trade. Users will receive 10 USDC per quest completed.

Grant will fund a dYdX dedicated dashboard that scores community members on their contributions and actions in dYdX using community channels and tools (e.g. Discord participation, Commonwealth posts/comments, Snapshot votes, On-chain votes, Call attendance, and more). Final dashboard will look similar to this one but with a focus on Contributor Score, not Delegations: https://optimism.showkarma.xyz/.

This grant will sponsor a 12 week accelerator program in India to help promote dYdX across the region and sponsor the building of Cosmos related projects that could be applied to dYdX at chain launch. The partnering firm will serve as a launchpad for dYdX to reach more builders and crypto community members in India by introducing the brand to the community.

Xenophon Labs has conducted research on the efficiency of both the Liquidity Module and Safety Module in dYdX. The research was published in detailed written reports and accompanying Dune dashboards to visualize the data. Through this research, both modules were found to be inefficient sources of DYDX protocol emissions. Following the Liquidity Module research, the community approved a proposal to sunset the module, resulting in 383,562 DYDX accruing to the dYdX Community per epoch. In total, the protocol is saving +19M in DYDX emissions through this proposal.

This grant will fund the production of all web designs to be used across the Academy Page website and POAPs. Grant production includes: 4 Full Page Designs, 4 Dropdown Designs, and 10 POAP designs. This Grantee is working closely with other Academy Page Grantees to integrate the designs and build out the best possible product.

Grant will fund the building of an online webstore for the ongoing dYdX Merchandise Campaign, along with customized branding and designs for marketing purposes. The webstore is set to include web3 utilities, including tokengating for DYDX and Hedgie holder specific drops and wallet connections. Grant also includes a 3 month post-completion retainer to monitor progress and add new features.

Metagals is a group started in Mexico City to improve participation of women in DeFi and Web3 across Latin America. This grant will sponsor two workshop events that will focus on teaching attendees about Perpetual Trading, Decentralized Exchanges and dYdX specific features. The workshops will go over onboarding to dYdX and go over the platform, community, and governance.

Grant will fund the creation, distribution, and general management of POAPs to be implemented as rewards for Academy Page interactions. Users will receive POAPs for completing specific goals and milestones as part of the Academy program. We expect 9 unique POAPs to be created and distributed to 25,000 unique users as part of the grant.

Grant will fund research to optimize dYdX trading fees for maximum trading volume and user onboarding, in preparation for community ownership of setting fees in V4. The research will study competitors, strategies, and historical fees on dYdX to determine optimal rates and adjustments that can be made going forward.

Community member ModYModX played a very important role in the Grants team launching the Merchandise production grant. ModYModX has been working with the merchandise team for several months to produce an initial sample, which the Grants team could use for quality testing, and assisting both the Merch and Grants team to produce the existing grant. Given the high impact expected for this grant, and months contributed to helping this come to life, the Grants team is issuing a retroactive grant to compensate the work.

This is a follow-up to a grant issued in v1 of the Program. The grantee was tasked with developing social media videos for all Grants announcements, which were successful in providing interactive methods and digestible content. This grant has assigned an additional 10 videos, with new designs using the revamped dYdX Grants branding and customized announcements.

YataDAO is in the process of releasing a Copy Trading platform with dYdX as its primary backend exchange for execution. By using dYdX for trade execution, this new platform will improve trading volumes and user onboarding. The grant will fund the launch of a month long Testnet Competition with USDC prizes rewarded to the best traders. This competition will serve as a marketing and learning tool for both new and existing dYdX users to experiment with copy trading.

This grant will fund the building and management of a customized dYdX Academy Page as part of the larger Academy Page Project through the Grants program. The Grantee has experience building the existing Ambassadors website, and will use this knowledge to build a similar dYdX brand page to host all Academy efforts. The goal is to build an easy-to-use, intuitive website with interactive components and dYdX branding that helps onboard new users. On top of onboarding new users, the dYdX Academy website should become the go-to for knowledge on trading and crypto.

Hummingbot is a popular tool used across multiple venues for systematic, market making trades in an easy to use manner. The grant will fund the building of bots that can be used by the community to easily trade on dYdX through market making strategies.

As part of the V4 migration, the community will take ownership of all risk parameters for dYdX trading system (maintenance margin, position size, etc..). This research will present a framework for the community to appropriately assess these risks and make adjustments as needed. The grant includes an initial proposal to make changes based on the framework.

dYdX is sponsoring the upcoming Cosmoverse event in Medellin, Colombia as a Platinum sponsor. The event is happening on September 26 - 28. The goal of the event is to bring together everyone from the Cosmos ecosystem with heavy focus on community building. With a platinum sponsorship, dYdX will have its logo placed across the event, on the website, receive a booth and a chance to speak at the event. Carl is expected to speak about dYdX and the Grants Program.

As part of our Academy Page project launch, ModYModX is joining as the Project Manager for the effort. In this role, the Project Manager will responsible for coordinating efforts, planning execution, identifying weaknesses and delivering the final product to the community. The role includes working with both the Grants team to identify necessary grants and the relevant Grantees to coordinate efforts.

Grant will fund two Research papers and subsequent community proposals, Token Design for V4 Migration & Protocol Parameter Migration. Similar to the work previously done for Trading Rewards, the goal is to produce two in-depth research papers that can be used to guide the community through governance proposals to implement changes. The first paper will address the upcoming community responsibility for token migration to the new chain. The second paper will address all parameters existing on today's protocol that may or may not need to be changed and implemented for the new chain. Both papers will provide in-depth insight and be followed with governance proposals based on the lessons learned.

Grant will fund the production of dYdX themed merchandise to be sold online at cost for community members, distributed as giveaways during events and conferences, and used for promotional campaigns. The merchandise will include t-shirts, hoodies, hats, unique dYdX accessories, and lots of other products. Merchandise produced will also include Hedgies specific items, which will be tokengated to Hedgies holders only for exclusivity. No profits are generated from the merchandise, any sales are done at cost so that community members buy at the price of production only. The Merchandise will be produced in two drops, Drop #1 in 3 months and Drop #2 in 6 months, and will make use of a custom webstore built through another grant.

This is a retroactive grant to reward the grantee for their research paper, dYdX DAO Organizational Research, which explores alternatives for future growth in V4 and makes recommendations for discussion points.

The grant will be used to sponsor a community event held in Mexico City with the goal of onboarding new users to web3 and promoting the ecosystem in the region, along with dYdX for trading.

The grant will be used to completely integrate dYdX into the ccxt open source library, the most popular open source trading library in crypto. Today, dYdX is only partially integrated with multiple manual steps required, the grant will be responsible for finalizing the integration.

The grant will be used to build a Twitter bot dedicated to all activities involving Hedgie NFTs, including market activity, new listings, floor updates, giveaways and more. The bot will make use of multiple APIs to compile the information into an easily digestible Twitter account.

The grant will be used to build an onboarding tool specifically for the Ambassador Burrows program launching in May for the Foundation to scale its community of CMs and Ambassadors. This will act as a trial before potentially being implemented in the Onboarding framework built in the other grant.

The grant will be used to build a space dedicated to dYdX on Gather.town with custom branding and helpful information posted across the room. The space will be used for future community calls and events hosting.

The grant will be used to build educational content in Russia broadcasted across both text material and a series of Youtube videos. Additionally, the grant will fund the building of a dYdX Telegram Sticker pack.

The grant will be used to map and build the Onboarding framework that will be adopted across the dYdX DAO for growing Working Groups and participation. The grant includes a research post and the founding of an Onboarding working group to help guide growth.

The grant will be used to fund the building of Forta agents that will monitor the Safety and Liquidity modules for problematic events. The grant also includes monitoring activity across dYdX across for health and malicious activity.

The grant will be used to fund the production of a customizable banner to integrate your Hedgie into a pfp type background for use on Twitter and other social media sites. This will be available to all Hedgie owners.

The grant will be used to fund a Youtube library that will use existing Hedgie NFTs to provide interactive education courses around dYdX product and trading lessons.

The grant will be used to fund a website dedicated to attracting and helping dYdX users in Japan. The website will be customized to match Grants branding, and include Education Content, Weekly Newsletters and General crypto news.

The grant will be used to fund the building of an Analytics Dashboard exploring data across multiple onchain and API based endpoints to provide an overview of dYdX activity and metrics. The dashboard will help digest dYdX data more easily.

The grant will be used to fund an all-woman and non-binary hackathon event in India in May 2022 that helps support young women in their development careers. The sponsorship includes promotional marketing of dYdX across materials.

The grant will be used to fund a Grants referral program to help scale and incentivize more applications to RFPs. The grantee will build out the full process and manage its growth while also working on additional marketing tools to continue promoting the program.

The grant will be used to fund a complete rebuild of the existing Python SDK to the Rust language, including all existing functionalities.

The grant will be used to sponsor 4 different ETHGlobal events as a leading sponsor, including ETHAmsterdam, HackMoney, ETHNewYork and ETHMexicoCity. The sponsorship includes promotional marketing of dYdX, attendance on behalf of Grants and Foundation teams, hackathon participation and other benefits.

The grant will be used to compensate a Grants specific community manager to take over all Discord communications and manage growth across the Greek community through translation and promotion.

The grant will be used to fund a series of newsletters, twitter campaigns and educational content published in Greek and spread across the Greek crypto community. Content will be published on a dedicated webpage with promotional dYdX content and banners.

The grant will be used to sponsor the Gitcoin Grants round 13 program that focuses on public gounds funding around ethereum ecosystem development. The funding will go towards the main pool and the zktech pool to help fund both general ethereum development and development around zk specific technoloy.

The grant will be used to fund a dYdX Foundation driven effort to onboard new Ambassadors to the Burrows program that will build specific working groups around dYdX efforts. The program will pay qualified candidates 1 month of work as a trail period before onboarding to the program.

The grant will be used to fund a Rabbithole dYdX quest that will reward users for interacting with the dYdX application. The quest will include depositing funds to dYdX L2, trading to earn DYDX rewards, and staking the DYDX into the Safety Module.

The grant will be used to compensate an Latin America based community manager that will be working on promoting the grants program, translating marketing and content into Spanish, and building additional educational content around dYdX in Spanish

The grant will be used to compensate an India based community manager to engage the local community on dYdX and the grants program, source local contributors for the program, and help with promotional campaigns.

The grant will be used to fund build a trading simulator tool with an easy to use strategy builder including drag and drop functionality. The tool will display profitability across various market conditions and highlight strategy success.

The grant will be used to fund a research deep dive around optimal treasury management and diversification of community treasury funds. Once the research has been completed, the grant will include submitting a DIP for the community to vote on.

The grant will be used to build a chrome extension application that will allow users to execute trades on their dYdX account directly. Users will see their balances, positions and be able to perform trades from the application.

The grant will be used to sponsor the following: The Defiant Newsletter through a sponsored post, The Defiant Newsletter through a promotional banner for 3 months, The Defiant podcast through promotional messaging in each episode for 3 months.