According to ME News, on October 23 (UTC+8), the dYdX Treasury SubDAO released its seventh periodic review report, delegating approximately 10.72 million DYDX tokens—acquired through the buyback program but previously undeployed—to validators. This increases the total amount of DYDX delegated to validators from approximately 90.04 million to about 101 million.
This review follows Proposal 396, which reduced the number of active validators for dYdX from 31 to 21 on September 17, leaving approximately 8.34 million DYDX in the Treasury SubDAO with validators that have since exited the active set, rendering them ineligible for rewards. This review reallocates approximately 15.15 million existing delegations, plus new delegations, for a total adjustment of about 25.87 million DYDX. Allocation rules prioritize validators with a lower proportion of Treasury SubDAO delegations in their total stake, while reducing allocations to validators who abstained or did not vote on recent governance proposals. Delegations to five validators—Interstellar, Luganodes, Silk Nodes, Citadel.one, and DELIGHT—have been fully withdrawn. (Source: Foresight News)
dYdX SubDAO Increases Validator Staking to 101 Million DYDX
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Summary
On-chain news broke on October 23 (UTC+8) as dYdX’s Treasury SubDAO announced an updated staking plan, increasing the total DYDX delegated to validators from 90.04 million to 101 million. The increase included 10.72 million DYDX from the buyback program. Following the reduction of active validators to 21 under Proposal 396, the review reallocated 15.15 million in delegations and added 25.87 million DYDX. Validators with lower shares received higher allocations, while non-voters saw reduced allocations. Five validators had their delegations fully withdrawn. This update coincides with a BTC update indicating continued market activity.
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