Introduction
As our team continues to work toward the launch of The dYdX Chain (v4), we are excited to announce the launch of public testnet #2!
We will be sunsetting the current version of our testnet on August 7th at 17:00 UTC to reset and relaunch the public testnet on August 10th 17:00 UTC. The testnet will be unavailable while these upgrades are being made.
Our new testnet will unlock more features that traders know and love. Read more below.
Public Testnet #2
Milestone 4 introduced the first public testnet of The dYdX Chain.
This version of the testnet will be reset and relaunched with a wider set of features that more closely represent the final feature set for The dYdX Chain.
The new public testnet will include these key upgrades:
- The addition of 30+ markets – users can now trade a wide variety of markets in addition to BTC/ETH
- Rewards and vesting – users will earn testnet governance tokens (testnet_reward_token) as they trade. More UI enhancements regarding this feature will come later on during public testnet.
- Trading Fees – users will now be able to pay and view trading fees as well as the protocol fee schedule
- Dynamic margin requirements – this update enables support for liquidity tiers, which introduces varying types of margin requirements
Other, non user facing, upgrades include:
- Order Removal/Pruning – ensures orders that should be removed due to expiration or pruning are done so and synced with the indexer
- Spam Mitigation – this update prevents malicious spam attacks on validators
- Orderbook refinement – ensures that the orderbook in the full node and indexer are always in sync
- x/stats module – stores information to support fee tiers
- Oracle-accuracy improvements
- x/block-time – keeps track of the timestamp of the previous block and downtime information
We look forward to the launch on August 9th and to hearing your feedback. As always, all work is open-source.
Client packages are also now available:
dydxjs
v4-client
dydxpy
v4-client-py
Legitimacy and Disclaimer
Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.
dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain’s infrastructure.
The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.
The dYdX Chain software is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof) “AS IS, WHERE IS”.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.
