Validating & securing the most powerful perpetual DEX dYdX, backed by the Japanese Web3 Community Crypto Learning Club.
Why We Oppose the Treasury SubDAO Proposals
IntroductionRight now, the dYdX community is facing a big decision. Two groups, Steakhouse and Karpatkey, have suggested creating a Treasury SubDAO (Proposals 156 and 157). They want to take 40-50M $dYdX tokens (about 4-5% of all tokens) and put them into this new Treasury SubDAO. The idea is to use these tokens in a staking program to grow the community's funds over time. The problem is it will lead the significant APR drop for the existing delegators.Our Fundamental View to dYdXWe real...
Why We Oppose the Treasury SubDAO Proposals
IntroductionRight now, the dYdX community is facing a big decision. Two groups, Steakhouse and Karpatkey, have suggested creating a Treasury SubDAO (Proposals 156 and 157). They want to take 40-50M $dYdX tokens (about 4-5% of all tokens) and put them into this new Treasury SubDAO. The idea is to use these tokens in a staking program to grow the community's funds over time. The problem is it will lead the significant APR drop for the existing delegators.Our Fundamental View to dYdXWe real...
dYdX Chain Halt & Over 3M Liquidation
What happened: dYdX Chain HaltYesterday, the dYdX chain experienced a stoppage of about 10 hours due to an update to version 4.0.0, leaving traders in limbo as BTC's price surged from $69,500 to $72,700(4.2% up). This incident effectively froze time on the dYdX chain, preventing any trading activities during the halt.Over $3M Liquidation happened after the chain startedTraders who lost money because of chain halt liquidationsWhen trading resumed, the chain's immediate sync with orac...
dYdX Chain Halt & Over 3M Liquidation
What happened: dYdX Chain HaltYesterday, the dYdX chain experienced a stoppage of about 10 hours due to an update to version 4.0.0, leaving traders in limbo as BTC's price surged from $69,500 to $72,700(4.2% up). This incident effectively froze time on the dYdX chain, preventing any trading activities during the halt.Over $3M Liquidation happened after the chain startedTraders who lost money because of chain halt liquidationsWhen trading resumed, the chain's immediate sync with orac...
