dYdX Has Launched a Beta Version of Its Blockchain for Trading
dYdX Chain, a standalone Layer 1 platform based on Cosmos, has officially entered the beta-testing phase of its mainnet. This milestone follows a decisive governance vote, where over 99% supported the transition from post-trading to active trading.
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dYdX Chain, a standalone Layer 1 platform based on Cosmos, has
officially entered the beta-testing phase of its mainnet. This milestone
follows a decisive governance vote, where over 99% supported the
transition from post-trading to active trading.
Users can now actively trade on more than 33 perpetual markets on the dydx.trade platform, offering up to 20x leverage.
Full-scale trading with rewards for validators and stakers could
commence after another DAO vote, provided the protocol is free from
significant bugs or issues.
This
launch represents a significant shift for dYdX, marking its transition
from an L2 solution for Ethereum known as StarkEx to a self-sufficient
L1 network.
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