Introduction
We’re in the final stages of prepping for the introduction of the v4 blockchain software that will be open-sourced by dYdX (the “dYdX Chain” or “v4”). Our next milestone will be the launch of Testnet 3. To prepare, we will wind down Testnet 2 on September 11th at 15:00 UTC. The network will relaunch on September 12th and the front end will be available on September 13th with a new set of features. The testnet will not be available for use during this time.
Read more about the details of Testnet 3 here:
Public Testnet 3
Milestone 4 introduced public Testnet 1 and public Testnet 2 introduced features like 30+ markets, trading fees, order book refinement, and much more.
Testnet 3 is our final planned network reset. All future updates to the Testnet will take place onchain.
The updated public Testnet will include key upgrades such as:
Conditional orders: Stop orders and take profit orders
MEV nodes: Adds MEV tracking to better identify bad validators.
Spam mitigation: Adds protection from denial of service attacks through the usage of rate limiting requests and scaling the number of orders a user may have based upon their total net collateral.
Delay-msg module: Enables certain messages to be sent on a predefined delay.
v4 supported markets: Added and removed various markets for trading
Gas fees: Enables a governance token to be used to pay for gas
We look forward to the launch on September 13th. In the meantime please leave feedback for the Testnet in our Discord.
As always, all work will be open-sourced and subject to the v4 Terms of Use.
About dYdX
Here at dYdX, our mission is to democratize access to financial opportunity. We believe the release of v4 software will represent notable progress in service of that mission. The events that have transpired over the last year have only reinforced the need for open, transparent, and permissionless financial products. We’re excited for v4 to better meet those needs.
If building the future of a decentralized exchange and open finance is something you’re interested in, check out what it’s like to work at dYdX and our open roles!
To ask additional questions, join the discussion on Discord, participate in the dYdX community, or follow us on Twitter. We’re excited to continue building the dYdX Chain and will continue to release updates over the coming months.
This post is subject to the dYdX Terms of Use. The dYdX interface is not available to persons or entities who reside in, are located in, are incorporated in, or have registered offices in the United States or Canada ("Blocked Persons"), or other Restricted Persons (as defined in the dYdX Terms of Use). dYdX products and services are not intended for, and should not be used by, Blocked Persons or Restricted Persons.