Trading on the dYdX Chain is live!

TLDR;

• The Beta Stage is now live 🎉
• dYdX Chain governance voted in favor of changing markets from post-only to active enabling trading
• You can now trade 33+ markets on dydx.trade
• Trading Fees will accrue to Validators and Stakers
• No trading rewards are available during this Stage
• Progression from Beta to Full Trading (Trading Rewards) will be determined by a governance vote, amongst other factors

Trading is live

Trading on the dYdX Chain protocol software commenced today at 8:45am EST, Monday November 13th, 2023, officially launching the Beta Stage. Trading functionality was enabled following a dYdX governance vote that endorsed the progression from the Alpha Stage to the Beta Stage. The Beta Stage serves as the critical testing phase for active trading environments.

What does the Beta Stage include:

• Trading functionality 
• Perpetuals for 33+ Markets
• Trading Fees will accrue to Validators and Stakers
• Markets transition from post-only to active
• Up to 20x leverage

Please be vigilant to monitor the dYdX Chain before trading significant size.

We have rendered both the front-end and indexer operational so users of the dydx.trade user interface experience full trading functionality!

It's important to note that while no trading rewards will be distributed during the Beta Stage, Validators and Stakers will accumulate trading fees. This stage is deliberately designed to rigorously test the dYdX Chain’s capabilities.

Stability and security of the dYdX Chain remain of paramount importance. DYDX token holders could stake their DYDX with Validators, a vital step in reinforcing the network's robustness. Staking directly contributes to stability and security of the dYdX Chain. DYDX current and prospective token holders could familiarize themselves with the dYdX Foundation bridging and staking guides for a comprehensive understanding.

Assuming the dYdX Chain's protocol software is stable with minimal bugs or issues, the applicable dYdX governance community may proceed to propose activating trading rewards and advancing towards Full Trading, contingent on a governance vote.

We are committed to ensuring transparency and will disseminate timely updates to the dYdX community. We will be publishing frequent updates including statistics regarding total DYDX bridged and staked, validator metrics, and trading data.