Fórum dYdX Community Forum

We’ve submitted proposal-396 . Don’t miss the change to vote!

Summary The dYdX Treasury SubDAO has completed an ad hoc review of the Staking Program . Unlike our periodic reviews, this cycle was driven by validator availability rather than performance. Two validators are leaving the active set, a legacy node was retired, and the largest delegation within the designated proposer set was brought back in line with its peers. A total of 10,204,150 DYDX was redelegated across 17 transactions on 8 September 2026 . Every movement was executed as a redelegation rather than an unbonding: the stake continued earning throughout and never left the bonded state. Background The Treasury SubDAO periodically reassesses delegations to ensure that the validator set remains decentralised and resilient, operationally high-performing, economically sustainable, and actively contributing to governance, in alignment with the broader objectives of the dYdX community. Three developments prompted this cycle: Figment is winding down its dYdX validator operations Imperator.co has been jailed and has confirmed that it is leaving the active set Citadel.one’s legacy node was jailed and unbonded Delegation update For this rebalance, the Treasury SubDAO considered approximately 90.0M DYDX delegated in total. This figure includes the Staking address , the Buyback address and the Osmosis LP address . The 10,204,150 DYDX redeployed came from four sources: Source Amount (DYDX) Reason Figment 3,452,051 Full exit — winding down Keplr 3,496,300 Partial reduction — concentratio

Summary The dYdX Treasury SubDAO has completed an ad hoc review of the Staking Program . Unlike our periodic reviews, this cycle was driven by validator availability rather than performance. Two validators are leaving the active set, a legacy node was retired, and the largest delegation within the designated proposer set was brought back in line with its peers. A total of 10,204,150 DYDX was redelegated across 17 transactions on 8 September 2026 . Every movement was executed as a redelegation rather than an unbonding: the stake continued earning throughout and never left the bonded state. Background The Treasury SubDAO periodically reassesses delegations to ensure that the validator set remains decentralised and resilient, operationally high-performing, economically sustainable, and actively contributing to governance, in alignment with the broader objectives of the dYdX community. Three developments prompted this cycle: Figment is winding down its dYdX validator operations Imperator.co has been jailed and has confirmed that it is leaving the active set Citadel.one’s legacy node was jailed and unbonded Delegation update For this rebalance, the Treasury SubDAO considered approximately 90.0M DYDX delegated in total. This figure includes the Staking address , the Buyback address and the Osmosis LP address . The 10,204,150 DYDX redeployed came from four sources: Source Amount (DYDX) Reason Figment 3,452,051 Full exit — winding down Keplr 3,496,300 Partial reduction — concentratio

Summary This proposal seeks to reduce the size of the dYdX Chain’s active validator set from 31 to 21. Abstract Following the reduction in the dYdX Chain validator set to 31 in March 2026, several validators have wound down operations, and the active set currently has only 29 filled slots as on 11 September 2026. Network activity has also declined materially over the same period: average daily trading volume has fallen from approximately $121.2M in June 2026 to approximately $40.2M over the trailing 30 days (a decrease of roughly 67%). The decline has continued into September, with the trailing 7-day average down to approximately $31.5M/day (roughly 74% below June)*. At the same time, stake weight remains heavily concentrated at the top of the set; the 10 validators ranked #22 – #31 collectively hold only 5.4% of total active-set stake, and several of them are only marginally active (one moniker is currently labeled “Shutting Down”, the bottom two combined hold roughly ~21,000 DYDX, 0.01% of total stake)*. This proposal seeks to change the `max_validators` parameter from 31 to 21, aligning the on-chain limit with the current scale of network activity and the actual distribution of stake. Motivation Coordination and governance efficiency. A smaller, more engaged validator group improves responsiveness during upgrades or incidents, reduces coordination overhead in critical situations, and keeps the governance process efficient. dYdX operates with a Designated Proposer Set of 8

Summary This proposal seeks to reduce the size of the dYdX Chain’s active validator set from 31 to 21. Abstract Following the reduction in the dYdX Chain validator set to 31 in March 2026, several validators have wound down operations, and the active set currently has only 29 filled slots as on 11 September 2026. Network activity has also declined materially over the same period: average daily trading volume has fallen from approximately $121.2M in June 2026 to approximately $40.2M over the trailing 30 days (a decrease of roughly 67%). The decline has continued into September, with the trailing 7-day average down to approximately $31.5M/day (roughly 74% below June)*. At the same time, stake weight remains heavily concentrated at the top of the set; the 10 validators ranked #22 – #31 collectively hold only 5.4% of total active-set stake, and several of them are only marginally active (one moniker is currently labeled “Shutting Down”, the bottom two combined hold roughly ~21,000 DYDX, 0.01% of total stake)*. This proposal seeks to change the `max_validators` parameter from 31 to 21, aligning the on-chain limit with the current scale of network activity and the actual distribution of stake. Motivation Coordination and governance efficiency. A smaller, more engaged validator group improves responsiveness during upgrades or incidents, reduces coordination overhead in critical situations, and keeps the governance process efficient. dYdX operates with a Designated Proposer Set of 8

Summary KPK presents the dYdX Treasury SubDAO’s August Community Update, covering market developments, DYDX metrics and programme execution. The accompanying KPK August Treasury Report provides the detailed treasury balances, allocations and strategy results for the month. Market Update August brought a recovery in major digital assets, supported by renewed ETF inflows. ETH outperformed BTC, while participation across the wider altcoin market remained uneven. DYDX moved against that recovery and ended the month lower. Market Performance BTC increased from approximately $62,780 on 1 August to $78,558 on 31 August, a 25.1% gain between the first and last daily observations. ETH outperformed, rising from approximately $1,846 to $2,468 and recording a 33.7% increase over the same period. VanEck associated the rally with a weaker dollar and lower long-term yields , alongside the Treasury’s debt-buyback announcement. Institutional Flows Institutional demand strengthened during August. US spot BTC ETFs attracted approximately $3.54B in net inflows , while US spot ETH ETFs received approximately $1.84B , based on the sum of Farside Investors’ daily data. These flows provided a supportive backdrop to the recovery in both assets. Market Structure & Dominance The recovery extended beyond BTC, but did not amount to a broad altcoin rotation. CryptoRank’s August market recap reported a 26.5% rise in top-100 altcoin capitalisation against a 24.5% BTC gain, while the median altcoin gained 17

Summary KPK presents the dYdX Treasury SubDAO’s August Community Update, covering market developments, DYDX metrics and programme execution. The accompanying KPK August Treasury Report provides the detailed treasury balances, allocations and strategy results for the month. Market Update August brought a recovery in major digital assets, supported by renewed ETF inflows. ETH outperformed BTC, while participation across the wider altcoin market remained uneven. DYDX moved against that recovery and ended the month lower. Market Performance BTC increased from approximately $62,780 on 1 August to $78,558 on 31 August, a 25.1% gain between the first and last daily observations. ETH outperformed, rising from approximately $1,846 to $2,468 and recording a 33.7% increase over the same period. VanEck associated the rally with a weaker dollar and lower long-term yields , alongside the Treasury’s debt-buyback announcement. Institutional Flows Institutional demand strengthened during August. US spot BTC ETFs attracted approximately $3.54B in net inflows , while US spot ETH ETFs received approximately $1.84B , based on the sum of Farside Investors’ daily data. These flows provided a supportive backdrop to the recovery in both assets. Market Structure & Dominance The recovery extended beyond BTC, but did not amount to a broad altcoin rotation. CryptoRank’s August market recap reported a 26.5% rise in top-100 altcoin capitalisation against a 24.5% BTC gain, while the median altcoin gained 17

We’ve submitted this proposal-395 . Don’t miss the change to vote!