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.
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.
