The dYdX team announced via X on Tuesday that it has released the fourth version of the dYdX Chain software. The release consists of various features, risks, governance and performance upgrades.
The new version consists of several upgrades, including Reduce Only Orders, IBC Withdrawal Rate Limiting, Subaccount Withdrawal Gating, and Governance Enabled Slashing.
dYdX is a layer-2 decentralized exchange that supports perpetual, margin trading, and spot trading, as well as lending, and borrowing. Its native coin, dYdX is down by 1% in the last 24 hours and is now trading at $3.109.