dYdX converts to a public benefit company and will not operate or generate transaction fee income from dYdX V4

On October 17th, dYdX founder Antonio announced that dYdX Trading Inc. has officially updated its bylaws to become a Public Benefit Corporation. Antonio stated that as an open-source software developer, we will not operate or generate transaction fee revenue from dYdX V4 and we value aligning with the community as much as possible. As a benefit corporation, we will still be a for-profit company, but this allows me and the board to not only maximize shareholder value, but also act in the public interest.

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