dYdX

The Markets page on the platform has been updated to display additional information such as the biggest movers, recently listed markets, trading volume, and more. Users are encouraged to visit the page to explore the new features.

Rage Trade, an open exchange platform, has announced an upcoming Ask Me Anything (AMA) session scheduled for Thursday, May 2nd, at 12 PM UTC. The AMA will explore the platform's features and its recent integration with the dYdX Chain. Interested participants are encouraged to join the session using the provided link.

dYdX has announced a planned software upgrade for the dYdX Chain v4.1.0 today from 1:00 PM to 2:00 PM UTC. During this period, withdrawals, deposits, and new orders will be temporarily disabled. Normal trading is expected to resume approximately 30 seconds after the upgrade, following the initial 20 blocks. Users are advised to monitor the @dydx_ops_subdao for updates, as the exact timing may vary depending on the block height.

dYdX has announced the start of Trading Season 4 of its Launch Incentive Program, which will distribute $5M in DYDX tokens to qualified traders, subject to governance approval. The previous Trading Season 3 saw $5M in DYDX distributed to 3,777 qualified users. The current league leaders for Season 4 have been revealed, with the Platinum tier leader having a profit and loss (PnL) of $60.22k, followed by Gold at $17.26k, Silver at $2.21k, and Bronze at $1.29k. Users are encouraged to participate in the trading competition for a chance to win rewards.

dYdX Chain, a fully decentralized and community-governed platform, now supports the CHZ token. In approximately six months, the dYdX Community has created 55 governance proposals, marking a significant increase compared to the previous v3 governance. According to CoinGecko, the DYDX token has a total supply of 1 billion tokens, with a current circulating supply of 501,325,666 DYDX. Users can safely bridge their ethDYDX (dYdX v3's governance token) to the dYdX Chain DYDX token. Staking to secure the chain rewards the community with 100% of protocol fees distributed in USDC, enabling governance of the decentralized platform.

The dYdX community is voting on a proposal to extend the Launch Incentives Program for an additional three months, covering two trading seasons. The program, which aims to boost trading activity and expand the user base on the dYdX Chain, has been successful in generating more trading fees than its cost. The proposal suggests allocating an additional $10 million from the Community Treasury to fund the extension. The vote ends on April 28, 2024.

The dYdX Foundation has announced another stake delegation of 8,279,485 DYDX tokens to 25 dYdX Chain Validators. This move aims to further decentralize and secure the dYdX Chain network. The Foundation encourages users to read their blog for more details on this development.

dYdX, a decentralized exchange platform, has announced the deployment of a New Market Listing Widget, which has enabled the addition of 28 new markets to the dYdX Chain. This development aims to provide users with a more diverse range of trading options on the open exchange platform.

The dYdX decentralized exchange protocol allows traders to earn back up to 90% of trading fees in the form of DYDX tokens. The amount of DYDX earned is directly proportional to the trading volume contributed by each user's dYdX Chain address. This incentivizes increased trading activity on the platform.

The dYdX team recently discussed upcoming developments for the dYdX Chain, including plans to enable permissionless market listings. This would allow the platform to rapidly expand its offerings to potentially include 500 new markets in 2024. Further details were shared in a full interview between Antonio M Juliano of dYdX and 0xResearch.