Article by Thomas Cintra (@tncintra) | Paper by Max Holloway (@max_holloway) and Thomas Cintra dYdX is transitioning to a dApp chain built on top of the Cosmos ecosystem with its long-awaited V4. dYdX V4 presents a great opportunity to make improvements on the protocol’s existing mechanisms. In our latest paper, we propose a few key changes to dYdX’s incentive programs that we believe will improve security and support the continued growth of the dYdX ecosystem. tl;dr: We review dYdX’s three m...