{"id":63615,"date":"2023-10-25T02:05:22","date_gmt":"2023-10-25T02:05:22","guid":{"rendered":"https:\/\/egrowonline.com\/?p=63615"},"modified":"2023-10-25T02:05:22","modified_gmt":"2023-10-25T02:05:22","slug":"dydx-publishes-its-open-source-code-in-anticipation-of-phased-mainnet-launch","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=63615","title":{"rendered":"dYdX publishes its open-source code in anticipation of phased mainnet launch"},"content":{"rendered":"


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Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes<\/a> the \u201cprotocol, order book, front-end, and more,\u201d the post stated. The publication of the code is intended to pave the way for a mainnet launch, which is being organized by the dYdX Decentralized Autonomous Organization (dYdXDAO) SubDAO on Operations.<\/p>\n

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1\/ It\u2019s finally here <\/p>\n

Today, we\u2019re proud to present and fully open-source the completed dYdX Chain!<\/p>\n

This is the next chapter for dYdX and we\u2019re so excited that it\u2019s here.<\/p>\n

Let\u2019s get into the details:https:\/\/t.co\/ydil2jkqJs<\/a><\/p>\n

\u2014 dYdX (@dYdX) October 24, 2023<\/a><\/p><\/blockquote>\n

DYdX is one of the largest non-custodial cryptocurrency exchanges, with over $2.6 billion in daily trading volume, according to Coingecko. However, it relies on a centralized order book to match traders with market makers. Because of this order book, it’s sometimes regarded as not being truly decentralized.\u00a0<\/p>\n

The dYdX team has been trying to create a new Cosmos-based dYdX chain they say will allow them to decentralize<\/a> the exchange\u2019s order book, taking the protocol out of the hands of the development team and making it truly decentralized. They launched a testnet of the new network<\/a> on July 5. DYdX currently runs on StarkEx, a layer-2 of Ethereum.<\/p>\n

Related: <\/strong>Evmos, Swing, Tashi, Wormhole team up to solve Cosmos\u2019 liquidity issues<\/strong><\/a><\/em><\/p>\n

According to the October 23 post, the new code will allow the dYdX infrastructure to \u201crun globally by DeFi [decentralized finance] enthusiasts.\u201d Once the mainnet launch is complete, the dYdX development team \u201cwill not run any part of the infrastructure behind any deployment of the new dYdX Chain.\u201d The team did not state an official launch date for mainnet. Instead, it stated that readers should \u201ccheck out the blog post from the dYdX Operations subDAO\u201d to learn more.<\/p>\n

In an October 4 post, the dYdX Operations subDAO proposed<\/a> a phased mainnet launch. The proposed alpha phase will allow token holders to stake their tokens and earn staking rewards, but trading will not be possible. The beta phase will enable trading and allow further testing to occur. The post does not state a launch date for either phase.<\/p>\n<\/div>\n


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Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the \u201cprotocol, order book, front-end, and more,\u201d the post stated. The publication of the code is intended to pave the way for a mainnet launch, which […]<\/p>\n","protected":false},"author":1,"featured_media":63616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[9331,2951,3660,171,1106,1247,18441,11260],"class_list":["post-63615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-anticipation","tag-code","tag-dydx","tag-launch","tag-mainnet","tag-opensource","tag-phased","tag-publishes"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/10\/3b875a12-2723-42f2-9d08-fdebc6e6b48f.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/63615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63615"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/63615\/revisions"}],"predecessor-version":[{"id":63617,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/63615\/revisions\/63617"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/63616"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63615"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}