The main network of the L1 blockchain dYdX Chain has entered the beta stage. This was stated by the project team.
The Beta period for the dYdX Chain run by the dydx_ops_subdao is here! 🔥🔥
Traders can now start trading on the dYdX Chain in a limited capacity.
Try it out: https://t.co/v3TXeNvCwf https://t.co/dpid8Ky1nf
— dYdX (@dYdX) November 13, 2023
The new version of the mainnet was launched on November 13. This happened after the dYdX community decided to move to the next stage of the mainnet. The deployment of the beta version of the blockchain was supported by 99% of voting participants.
Now dYdX users can trade assets within the network. However, there are no rewards for conducting such activities in the beta version. However, validators and stakers will accrue trading fees, dYdX officials said.
In September 2023, the project community approved the transfer of the governance token to the dYdX network. The alpha version of the mainnet was launched at the end of October. Before this, the developers published the open source code of the blockchain.
The mentioned processes are related to the update of the decentralized exchange dYdX to the fourth version (V4). During this operation, DEX will move from an Ethereum-based L2 network to its own standalone blockchain in the Cosmos ecosystem.
Source: Cryptocurrency
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