Community
Solver Loan Agreement
Description
This grant provides Farsight with a $250,000 USDC loan to expand their solver liquidity, solely for the purpose of fulfilling user deposit intents to the dYdX Chain as part of the dYdX Deposit Fee Subsidy Campaign.
As a reminder, the campaign subsidizes SKIPGOFAST gas fees for users depositing over $100 to dYdX Chain from Ethereum and L2s, and will run for an initial three month period.
In exchange for the loan, Farsight will receive a $6,000/month payment to compensate for additional risk – primarily related to the unlikely event of two consecutive Ethereum block reorgs. While rare, chain reorgs can revert previously confirmed transactions, potentially leading to capital loss if a fill cannot be recovered.
To support transparency and reliability, Farsight will also spin up a dashboard showing capital availability, fill performance, gas costs, and uptime. This will help us monitor solver health and ensure consistent service.
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