Infrastructure
MegaVault Operator (Renewal)
Description
This grant will fund ongoing operations and development of the dYdX Megavault, the protocol’s internal liquidity vault used to maintain competitive spreads and depth across all markets.
The operator’s responsibilities include:
- Regular parameter recommendations for sub-vaults
- Optimizing allocations to sub-vaults
- Maintaining a public dashboard with key metrics
- Real-time monitoring of protocol and market conditions
- Ongoing research and methodology improvements
This new term will include the following additional services:
- Core MegaVault Parameter Management
- Spread adjustments across markets
- Skew factor optimizations
- Market status monitoring
- MegaVault USDC Allocation Management
- Weight optimizations across markets
- Rebalancing recommendations
- Monitoring and Reporting
- Monthly reports shared with the community
- Ongoing monitoring of market conditions and MegaVault changes
- Methodology Development
- Continued refinement of market alignment approach
- Exploration and recommendation of additional improvements to the MegaVault
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