dYdX Ecosystem Development Program announces new funding round with 5 grants totaling $2.6 million

dYdX ecosystem development plan has announced its latest round of funding, totaling $2.6 million across five projects. The details are as follows:

·Integrating Slinky sidecar from Skip Protocol, supporting new price oracle mechanisms and dYdX's permissionless market-making system.

·Xenophon Labs will test and analyze the upcoming LP Vault feature, which will be launched on dYdX. It allows users to provide liquidity using delta-neutral market-making strategies in long-tail markets.

·RHINO, kingnodes, Polkachu, and Lavender will manage Solana RPC nodes, enabling dYdX to access Solana's price data source.

·Funding Viktor Mirovic to manage four Solana RPC nodes, increasing redundancy and decentralized price discovery capabilities.