According to @dydxfoundation, the community has approved the first distribution of the Liquidation Rebates Pilot Program, indicating a Passed governance outcome for initiating rebate payouts on the dYdX Chain perpetual markets (source: dYdX Foundation on X, Dec 20, 2025). According to @dydxfoundation, the announcement links to governance Proposal 329, which is displayed as Passed on the dYdX network’s Mintscan page, confirming on-chain approval of the distribution (source: Mintscan dYdX Proposal 329 as referenced by dYdX Foundation on X, Dec 20, 2025). According to @dydxfoundation, traders should track the Proposal 329 page for execution updates and timing of the distribution to assess potential effects on liquidation-related flows on dYdX markets (source: dYdX Foundation on X, Dec 20, 2025, and Mintscan dYdX Proposal 329).