According to @dydxfoundation, an on-chain governance vote is live asking whether to approve the first distribution of the Liquidation Rebates Pilot Program, with voting ending on Dec 19, 2025 at 05:55 UTC. Source: https://twitter.com/dydxfoundation/status/2001186439560822789 The proposal is listed as dYdX Chain Governance Proposal 329 on Mintscan, where participants can verify voting status, quorum, and timeline. Source: https://www.mintscan.io/dydx/proposals/329 Further program details and context are outlined in the community forum thread titled Liquidation Rebate Program – First Distribution. Source: https://dydx.forum/t/liquidation-rebate-program-first-distribution/4924 For trading and governance planning, DYDX holders and dYdX traders should review the proposal materials and monitor the on-chain vote ahead of the deadline to assess any operational impacts once the distribution is approved or rejected. Sources: https://twitter.com/dydxfoundation/status/2001186439560822789, https://www.mintscan.io/dydx/proposals/329, https://dydx.forum/t/liquidation-rebate-program-first-distribution/4924