Research

Financial Intelligence Reporting

Funded

Project link

Funding amount

$4,800

Start date

November 2023

Execution

6 months

Team

0xCLR

Description

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

Purpose

These reports provide a comprehensive analysis of the state of dYdX’s finances. The goal of this grant is to empower all stakeholders with the knowledge to make and evaluate decisions involving the dYdX treasury. Accurate financial reporting is key in ensuring that reasoned decisions are made by dYdX governance with respect to the treasury.

Payment structure

Useful Links

Impact & Metrics

More grants like this

View all similar projects

dYdX Research and Localization Grant (Korean)

Funding amount:

$2,000

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

Four Pillars

dYdX Trusted Execution Environment Research

Funding amount:

$20,000 (+$30,000 success)

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.

Xenophon Labs