dYdX Moves to the Cayman Islands

April 1, 2024 Tóth Balázs

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Members of the decentralized financial platform dYdX community have approved with over 90% voting majority a plan to establish a foundation in the Cayman Islands to support the protocol’s operation and governance, providing legal benefits to supporters. This move could shield dYdX users from legal threats, as U.S. securities regulators show signs of tightening regulations on DeFi protocols.

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dYdX Moves to the Cayman Islands

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