The dYdX community voted to launch the MEV social mitigation strategy proposal and will establish the MEV Slashing Committee

On December 4th, the dYdX community voted in favor of launching the MEV social relief strategy proposal with a support rate of 85.6%. The proposal will establish the MEV Slashing Committee, consisting of 7 members with a 6-month term and a budget of $84,000 (with each member receiving $2,000 per month). The committee's responsibilities include holding regular review meetings to discuss MEV activities, proactively reviewing differential data, identifying outliers or potential MEV activities, submitting reports and community action recommendations based on investigation results, and proposing standardized frameworks for certain actions based on differential data, which will be decided by the community through governance voting. All proposed Social Slashing expenditures will be subject to governance voting.