dYdX v4 Completes Third Milestone with Private Testnet Begin Mar. 28

dYdX, the decentralized exchange platform, has completed the third of its five milestones for the dYdX V4 application specific Blockchain, with the announcement of a private testnet that will begin on March 28, 2023, and last for 2-3 weeks.

The completion of Milestone 3 marks the addition of advanced features, including dynamic funding rates, advanced order types, web trading interface, documentation for validators, and the use of ABCI 2.0 and other latest features of Cosmos-SDK. The development team plans to work with a limited number of external validators to verify functionality by running the private testnet, which will involve testing out various aspects of the network, including performing infra-level operations and testing core exchange features.

Milestones 4 and 5 will focus on non-core-product features, including the process of adding or removing new trading pairs and IBC connections to other chains. Milestone 4 will include the launch of a fully-public testnet and an expanded number of validators testing out the product. This is projected to be completed by the end of July 2023. The completion of Milestone 5 will include the launch of the mainnet, which is anticipated to be available by the end of September 2023.