dYdX Chain Archives - Coin Engineer https://coinengineer.net/blog/tag/dydx-chain/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 09 Apr 2024 20:59:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png dYdX Chain Archives - Coin Engineer https://coinengineer.net/blog/tag/dydx-chain/ 32 32 dYdX Price Drops After Nine and a Half Hour Outage https://coinengineer.net/blog/dydx-price-drops-after-nine-and-a-half-hour-outage/ https://coinengineer.net/blog/dydx-price-drops-after-nine-and-a-half-hour-outage/#respond Tue, 09 Apr 2024 22:15:16 +0000 https://coinengineer.io/blog/?p=17672 dYdX Chain, a decentralized crypto exchange platform designed for dYdX, experienced an outage for over nine hours earlier this week. dYdX Chain paused block production on Tuesday due to a software bug encountered during an update for v4. During this time, trading on the dYdX exchange continued as normal. The issue was found to be

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]]> dYdX Chain, a decentralized crypto exchange platform designed for dYdX, experienced an outage for over nine hours earlier this week.

dYdX Chain paused block production on Tuesday due to a software bug encountered during an update for v4. During this time, trading on the dYdX exchange continued as normal.

The issue was found to be caused by an incorrect version of the Cosmos IAVL library used by dYdX’s software.

The technical issue on the blockchain did not initially have a negative impact on the dYdX price, and the coin price continued to rise. However, according to TradingView data, dYdX later fell, losing more than 3% of its value daily.

According to the status page, dYdX Chain is still experiencing performance issues due to some nodes crashing.

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]]> https://coinengineer.net/blog/dydx-price-drops-after-nine-and-a-half-hour-outage/feed/ 0 dYdX Chain Adds Liquid Staking Support! https://coinengineer.net/blog/dydx-chain-adds-liquid-staking-support/ https://coinengineer.net/blog/dydx-chain-adds-liquid-staking-support/#respond Tue, 30 Jan 2024 17:08:34 +0000 https://coinengineer.io/blog/?p=10748 dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols to join the Cosmos-based network. You might like: Is Stablecoin Regaining Its Former Attention? This upgrade allows users to continue staking and securing the dYdX Chain. It also turns staked DYDX into a liquid asset that can

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]]> dYdX Chain was upgraded to v3.0 on Monday. The upgrade introduced interchain accounts, enabling support for liquid staking protocols to join the Cosmos-based network.

You might like: Is Stablecoin Regaining Its Former Attention?

This upgrade allows users to continue staking and securing the dYdX Chain. It also turns staked DYDX into a liquid asset that can be bought, sold, or used in DeFi applications.

Liquid staking protocols are vying to bring dYdX stakers into liquid staking.

Cosmos-based Stride has opened liquid staking for dYdX. Two other liquid staking providers, Persistence and Quicksilver, are also targeting to offer this service soon.

Stride co-founder Vishal Talashi said, “We are excited to work closely with dYdX to unlock the full value of this infrastructure by bringing StDYDX to DeFi protocols everywhere.”

dYdX Foundation CEO Charles d’Haussy said, “The liquid staking competition is driving innovation in the DYDX staking ecosystem, which is ultimately a good thing for the entire community.”

What is the dYdX Chain?

The dYdX Chain is a Cosmos application chain that facilitates the trading of crypto token derivatives and is the largest platform by volume in the decentralized perpetuals niche.

The network is secured by validators to whom stakers can delegate their the tokens. All protocol fees are redistributed to dYdX stakers and validators in USDC stablecoin.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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