TL;DR
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dYdX chain has resumed production after it halted for nearly 10 hours.
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The halt was caused by a scheduled v4 upgrade to the chain.
dYdX Chain Resumes Block Production
DYdX Chain, the blockchain built to house the perpetual futures exchange dYdX, has resumed block production following a 10-hour outage. According to the development team, the major outage, which began during the early hours of Monday, was caused by a scheduled v4 upgrade to the chain.
The outage lasted for nearly 10 hours, during which block production was on hold. However, dYdX released a fix for the software bug on Monday and enough validators got on board that dYdX resumed block production. According to the dYdX status page, the outage lasted for nine hours and 32 minutes.
The development team revealed that the software’s compatibility with earlier versions of the blockchain will be preserved following the fix. Furthermore, its perpetual futures DEX remained operational throughout the chain halt.
According to Dimitar Petkov, the DeFi technical project lead in dYdX’s Operations subDAO, the chain halt was caused by the wrong version of a bug fix in Cosmos’ IAVL library being included in the dYdX software release. The error resulted in the contamination of the network’s state during the upgrade.
DYDX is up by more than 3% in the last 24 hours and currently trades at $3.17 per coin.