dYdX community has voted in favor of the "Connecting Community with Treasury" proposal with a support rate of 99.99%.

The proposal aims to connect the dYdX community and treasury from Ethereum to dYdX Chain, allowing governance on dYdX Chain to provide funding for launching reward programs, seeding the dYdX Chain insurance fund, distributing trading rewards, and funding other initiatives for dYdX DAO.

This migration will require 4 steps to ensure timely funding for activities on dYdX Chain. The four steps include ending v3 rewards, upgrading the treasury contract, proposing that dYdX Chain validators record ownership accounts on v4, and bridging released ethDYDX.