dYdX won't profit from v4 as it becomes public benefit corporation
www.theblock.co/post/257984/dydx-public-benefit-corporation-v4
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YdX won't profit from v4 as it becomes public benefit corporation
dYdX Trading will not earn trading fee revenue from its upcoming v4 platform as it has moved to become a public benefit corporation. The company has been “very profitable” over the past few years and has “six years of runway,” Antonio Juliano told The Block in an exclusive interview.
dYdX Trading, the company behind one of the largest decentralized exchanges, will not earn trading fee revenue from its upcoming v4 platform as it has moved to become a public benefit corporation. "dYdX Trading Inc. has officially updated its charter to become a Public Benefit Corporation," Antonio Juliano, founder and CEO of dYdX, said on X. "As open-source software developers, we will not operate or generate trading fee revenue from dYdX v4. We are serious about being as aligned as possible with the community."
YdX's new legal structure comes just a day after rival Uniswap said it will start charging a fee of 0.15% to swap certain tokens on its web interface and wallet. Juliano told The Block in an interview that dYdX had already received its updated charter approval
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