dYdX Foundation: dYdX Operating Trust transforms into Cayman Islands Foundation Company

PANews reported on April 1 that the dYdX Foundation stated on the The next steps are: establish the dYdX Operating Foundation (DOF) as a foundation company in the Cayman Islands and appoint key personnel; 2. Draft DOF’s memorandum and charter and grant effective control to the dYdX community through dYdX consensus; 3. End the trust period, thereby terminating DOT; 4. The trustee needs to perform relevant transfer operations, namely multi-party signatures, domain names, accounts, contracts, etc.