CryptoWorld.net March 31 News: The dYdX Foundation announced on the X platform that an on-chain vote regarding whether to approve the use of the insurance fund to provide funding for the DAO has been initiated. The voting will end on April 2, 2026, at 13:44 (UTC+8). The proposal suggests transferring 10 million USDC from the insurance fund, allocated to the dYdX Operations subDAO, dYdX Foundation, and dYdX Treasury subDAO respectively, to alleviate operational funding pressure caused by the decline in DYDX token price. The proposal states that the current balance of the insurance fund is approximately $17 million, with about $7 million retained as a buffer to cover risks.

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