dYdX

The third season of the dYdX Chain Launch Incentive Program has concluded, with top traders set to receive a share of $5 million in rewards, subject to dYdX governance approval. Season 4 has now commenced and will run for the next 6-8 weeks. This is the final season of the dYdX Chain launch incentives, with an estimated $5 million in rewards to be distributed to qualified traders. New traders are eligible for a $100 bonus, while seasoned traders can earn rewards in line with previous seasons.

The recent dYdX Chain protocol software upgrade introduced several new features and enhancements. The x/authz module enables wallet address authorization for improved operational security and efficiency. Community-enabled slashing through a new governance module and MsgSlashValidator message type provides a robust measure against MEV abuses. The upgrade also included expedited proposals with shorter voting durations and higher tally thresholds. Other improvements include IBC withdrawal rate limiting, subaccount withdrawal gating, and governance-enabled slashing.

dYdX has announced a partnership with Privy.io to allow users to set up a dYdX wallet and account using just their email or social login credentials, without the need to memorize a seed phrase. Privy is a tool designed to simplify the onboarding process for new users to decentralized finance (DeFi) platforms. The partnership aims to bridge the gap between crypto-curious individuals and experienced traders by providing a more user-friendly onboarding experience on the dYdX Chain.

The dYdX Chain, a decentralized exchange platform, has resumed operations and is producing blocks again after an unspecified period of downtime. The platform is known for its open and powerful trading capabilities.

The latest update for Trading Season 3 reports an average daily trading volume of $800 million, with open interest remaining steady at $140 million. The platform welcomed 369 new traders, bringing the total number of traders to 5,716. The leader of the Platinum League has achieved a profit and loss of over $228,000.

dYdX Chain, a decentralized exchange, has announced trading incentives for new and active traders. First-time traders and those who trade for seven consecutive days are eligible to earn $100. The platform aims to attract users by offering rewards in addition to its open exchange capabilities.

dYdX, a prominent decentralized exchange, has revealed plans to integrate Cosmwasm, a framework for building secure and interoperable smart contracts on the Cosmos ecosystem. This integration will enable the deployment of smart contracts on the dYdX Chain, potentially expanding the platform's capabilities and offerings. While details are still forthcoming, this development could open up new opportunities for traders and developers within the dYdX ecosystem.

dYdX Chain is a fully decentralized and community-governed perpetuals decentralized exchange (DEX) that offers trading in over 60 markets. It is notable for distributing 100% of the protocol fees to $DYDX token stakers, aligning incentives between the platform and its users. dYdX Chain positions itself as the most powerful open exchange for trading perpetual contracts.

The official Twitter account @dYdX is now managed and controlled by the dYdX Foundation. Any future content posted on this account will originate from the dYdX Foundation. For updates from dYdX Trading Inc., users are advised to visit the company's website.

dYdX has announced the upcoming launch of LP Vaults, which will enable anyone to provide automated liquidity strategies by depositing USDC into a vault. The pooled USDC will be used to automatically provision liquidity on both sides of the order book in a decentralized and non-custodial manner. The LP Vaults aim to provide liquidity at all times while being economically viable over the long term, with zero net exposure on each market. Depositors will receive any profits, losses, maker fee rebates, or trading rewards generated by the vault's trades. LP Vaults will be deployed in phases, with an experimental version supporting only deposits in Phase 1, and the ability for depositors to withdraw and front-end functionality added in Phase 2. dYdX Trading advises that any deposits into the experimental LP Vaults be limited in volume and to protocol community funds.