The dYdX Foundation, which supports a decentralized cryptocurrency exchange, has asked the project's DAO for $30 million in funding over the next three years. The Swiss fund dYdX provides legal, research, marketing and technical support to the project, including a platform for exchanging perpetual futures contracts and a specialized blockchain in the Cosmos and Ethereum ecosystems.

If DAO participants approve the request, the fund will receive 4% of the DAO's current treasury. The budget will cover salaries (almost 50%), marketing and growth (18%), legal services (14%) and contracts (5.5%). The fund plans to diversify the funds received into fiat and stablecoins, as well as invest in expanding its staking operation.

Voting on the request will continue until February 2.