According to TechFlow, the decentralized derivatives trading platform dYdX announced that it will shut down its v3 version at 20:05 (Eastern Time Zone 8) on October 28, 2024. From now until the closing date, the v3 exchange will operate normally, but users should close their positions and withdraw USDC as soon as possible.
After October 30, users can withdraw the entire USDC value of their accounts, including open positions, from the Ethereum smart contract. dYdX emphasizes that the security of user funds is not affected and can be withdrawn from the smart contract indefinitely.
The closure only affects v3 users, and dYdX Chain (v4) and others are not affected. dYdX said the move is aimed at focusing resources on the development of the Unlimited version, which will be launched this fall. The platform will provide read-only historical data through the API for at least one year after the closure.
