September 7, 2023

Public Testnet 2 Update

Product
Public Testnet 2 Update

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.

About dYdX and Terms

Here at dYdX, our mission is to democratize access to financial opportunity. We believe that v4 software will represent notable progress in service of that mission. The events in the global economy that have transpired over the last year have only reinforced the need for open, transparent, and permissionless financial products. We’re excited for v4 software 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.

Terms and Conditions: This post is subject to the dYdX Terms of Use.  The dYdX interface and products are 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. Terms of Use specific to v4 software can be found here.

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.

Nothing in this website should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone. You should perform your own research and due diligence before engaging in any activity involving crypto-assets due to high volatility and risks of loss.

Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.

The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of  any component of the dYdX Unlimited software (including the MegaVault).

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.