dYdX Community initiates voting on the "Proposal for V4 Adoption and Migrating DYDX to the dYdX Chain".
2023-08-30 03:51
Odaily News Snapshot page shows that the dYdX community is voting on the "V4 Adoption and Migration of DYDX to dYdX Chain" proposal, which will end on September 2 at 7:49 AM. Currently, the support rate is 100%.
This proposal was initiated by Wintermute, a cryptocurrency market maker, to the dYdX community. The proposal includes:
1. Adopting the dYdX v4 open-source software as the next version of the dYdX protocol.
2. Adopting DYDX as the L1 token for the dYdX Chain.
3. Adopting a smart contract developed by the dYdX Foundation to establish a permissionless, one-way cross-chain bridge between Ethereum and the dYdX Chain for DYDX.
4. Suggesting that dYdX Chain validator nodes refer to the aforementioned smart contract when distributing DYDX on the dYdX Chain.
5. On dYdX v3, wethDYDX will have the same governance and application functionality as DYDX based on Ethereum.
This proposal was initiated by Wintermute, a cryptocurrency market maker, to the dYdX community. The proposal includes:
1. Adopting the dYdX v4 open-source software as the next version of the dYdX protocol.
2. Adopting DYDX as the L1 token for the dYdX Chain.
3. Adopting a smart contract developed by the dYdX Foundation to establish a permissionless, one-way cross-chain bridge between Ethereum and the dYdX Chain for DYDX.
4. Suggesting that dYdX Chain validator nodes refer to the aforementioned smart contract when distributing DYDX on the dYdX Chain.
5. On dYdX v3, wethDYDX will have the same governance and application functionality as DYDX based on Ethereum.
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