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DYdX Chain, supporting the dYdX perpetual futures exchange, faced a significant nine-hour outage due to a scheduled v4 upgrade.

DYdX Chain, the blockchain built to house the perpetual futures exchange dYdX, experienced a “major outage” beginning early Monday morning. DYdX said the chain halt was caused by a scheduled v4 upgrade to the chain.

The dYdX community votes to stake $60 million in tokens with Stride, automating USDC rewards and bolstering network security.

TL;DR dYdX experienced a block production interruption after a scheduled update on April 8th. The development team is investigating the issue and seeking solutions with validators. The protocol has been active in implementing updates, including advancements in the order book and security improvements.

dYdX Chain faces a network outage for the first time since it migrated from Ethereum to Cosmos.

The decentralized derivatives exchange protocol, dYdX, went off the rails with an unexpected stop in its blockchain operations due to a planned upgrade, causing a major disruption to its mainnet services. However, engineers and system developers are now analyzing and remedying the issues.

The dYdX team said they are investigating and will reconvene with validators at 15:00 UTC today.

dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version. Cosmos-based dYdX Chain stopped producing blocks on Apr.

The outage has been ongoing for over two hours with no fix expected for several hours, according to an incident report.

The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.

The dYdX community has approved a proposal to stake 20 million DYDX tokens, enhancing security measures and protecting against potential control attacks.

The community of decentralized exchange dYdX has agreed to stake 20 million dYdX Chain tokens with Cosmos staking provider Stride as a security measure. Trading Surge Necessitates New Staking Move dYdX founder Antonio Juliano confirmed the news of the decision on X.

The community of decentralized derivatives exchange dYdX has voted to stake 20 million dYdX Chain tokens, worth about $60 million at current prices, with Cosmos staking provider Stride in order to boost the economic security of the network and encourage stake diversity among its community.

The dYdX community approved staking 20 million DYDX tokens as a security measure as the protocol experiences a spike in trading activity.

Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns.

Renowned cryptocurrency analyst Michaël van de Poppe identified a list of top 10 altcoins offering significant buying opportunities amidst a market dip. What Happened: In an X (formerly known as Twitter) thread on Wednesday, van de Poppe highlighted the current market conditions, noting the altcoin market capitalization has seen a correction but still holds potential for more gains.

As cryptocurrency markets experience a downturn, the total market capitalization has dropped by 7% in two days to $2.62 trillion. Even Bitcoin, the largest cryptocurrency, plummeted from $71,300 to $66000, affecting the top altcoins, with bears starting to dominate the market.

dYdX (DYDX), a decentralized exchange, is set to relocate a portion of its operations to the Cayman Islands amidst increased scrutiny from U.S. regulators on decentralized finance (DeFi) protocols.

dYdX, a decentralized exchange, after the community referendum with over 90% support, has announced its decision to operate from the Cayman Islands partially. However, this move is targeted to reduce the probable legal risks because the United States security regulators have been concentrating on decentralized finance (DeFi) protocols.

The decentralized exchange dYdX has announced its plans to restructure operations by setting up a legal entity in the Cayman Islands. This legislation coincides with the rising regulatory scrutiny by U.S. authorities towards DeFi protocols.

dYdX community members voted in favor of creating a Cayman Islands foundation company to support the protocol's operations and governance, a move that offers certain legal benefits to the protocol's contributors.

DYDX, ZETA, AXS, and more, totaling $1.38 billion.

Top Decentralized Finance (DeFi) protocol dYdX has hinted at plans to release Liquidity Provider (LP) vaults and an Automated Market Marker (AMM) engine. dYdX Launches LP Vaults in 2 Phases The protocol is considering introducing LP vaults to help enhance liquidity for all markets on protocols that utilize the dYdX Chain software.

Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.