Seeding the Insurance Fund.
19 Dec 2023, 03:33
🗳️ Seeding the Insurance Fund
The dYdX community has voted in support of transferring 382,025 DYDX in exchange of ~1M USDC to Wintermute to seed the Insurance Fund.
Same news in other sources
219 Dec 2023, 03:33
2️⃣ Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.
Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.
2️⃣ Wintermute will then write on the Forum confirming the trade has been finalized with the relevant details of the trade.
19 Dec 2023, 03:33
What does this mean for the community?
Having a sizable Insurance Fund will help maintain the solvency of the dYdX Chain trading system, as it will be used as the first backstop when an account has a negative balance.
What does this mean for the community.
What does this mean for the community?
Having a sizable Insurance Fund will help maintain the solvency of the dYdX Chain trading system, as it will be used as the first backstop when an account has a negative balance.