dYdX v4

About dYdX v4

What Is the dYdX Chain?

The dYdX Chain is a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. The dYdX Chain features; Enhanced speed and finality of trades with over 2000 tp/s, full decentralization of the orderbook and matching engine, fully open sourced from the protocol to front end and an enhanced reward systems for users and community members alike. Rewards on the dYdX Chain comprise; (a) Trading Rewards in DYDX, (b) Staking Rewards predominantly in USDC and (c) an initial 6 Month Launch Incentive Program 20M USD in DYDX, proposed by Chaos Labs and approved by the community. If you want to read more about the dYdX Chain reward mechanisms read this blog.

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