[dYdX Launches On-Chain Vote: Proposal to Allocate 10 Million USDC from Insurance Fund to Three DAOs] The dYdX Foundation announced on the X platform that an on-chain vote has been initiated to decide whether to approve the use of the insurance fund to provide funding for DAOs. The voting will conclude on April 2, 2026, at 13:44 (UTC+8). The proposal suggests transferring 10 million USDC from the insurance fund, to be allocated to the dYdX Operations subDAO, dYdX Foundation, and dYdX Treasury subDAO, in order to alleviate operational funding pressures caused by the decline in the DYDX token price. The proposal states that the current balance of the insurance fund is approximately $17 million, with around $7 million retained as a buffer, which is deemed sufficient to cover risks.