dYdX Updates Progress of dYdX Chain

Decentralized derivatives protocol dYdX announced the completion of our second of five milestones. dYdX V4 currently has two working internal blockchain networks running in perpetuity. One serves as a developer playground, and the other serves as a general testnet. Functionally, the blockchain allows for core trading functionality, with leverage, fees, oracle price updates, hourly funding rates, and liquidations.

Milestones 3 is the completion of advanced features. The main features of this milestone are Advanced Order Types, Dynamic Funding Rates and others. Milestones 4 and 5 will be focused on non-core-product features such as governance, the process of adding or removing new trading pairs, and IBC connections to other chains. Milestone 4 will see the launch of a fully-public testnet, and the completion of Milestone 5 will include the launch of mainnet.