According to BlockBeats, dYdX Trading is exploring strategic alternatives related to its v3 technology, excluding Ethereum smart contracts managed by utility tokens or other technologies. This process is entirely separate from the dYdX Chain, which remains fully open-source and decentralized. The company continues to focus on developing DeFi products and is committed to the complete decentralization of the dYdX Chain.

The dYdX v3 exchange is supported by an offshore matching engine and all transactions and settlements on the v3 platform are executed through smart contracts managed by token holders, with trading fees going to dYdX Trading. In contrast, the dYdX Chain is fully decentralized, with all transaction fees directly distributed to network validators and DYDX token stakers. The code for dYdX Chain is open-source, ensuring transparency and community involvement.

dYdX Trading is evaluating strategic alternatives for v3 technology, which do not include Ethereum smart contracts governed by utility tokens. Any changes to the underlying smart contracts of v3 must be approved by DYDX token holders. The company is fully committed to the development of the dYdX Chain, believing it better represents their vision and the core principles of DeFi. This evaluation is part of their strategy to focus on their core business and ensure the success of the dYdX Chain software.

Looking ahead, dYdX Trading has planned a series of innovative features for the dYdX Chain software, including deep integration with Elixir, new liquidity solutions, open market access mechanisms, and revolutionary trading methods. These new features are expected to be introduced in the coming months.

The mission of dYdX is to promote financial opportunity and equality, and the launch of the dYdX Chain is seen as a key step towards achieving this goal. The information provided in this document pertains to the default settings of the open-source v4 software, dYdX Chain. dYdX does not deploy or operate the v4 software for public use, nor does it control any dYdX Chain infrastructure. The company is not responsible for the actions of any third parties using or deploying the v4 software, including the dYdX Chain. The services and products of dYdX are not available to individuals or entities residing in, located in, incorporated in, or having a registered office in the United States or Canada, or to restricted persons as defined in the dYdX terms of use. The content provided does not constitute financial, legal, tax, investment, or any other advice, and readers are responsible for conducting independent research and seeking professional advice before taking any related actions. The information and any use of the v4 software are subject to the v4 terms of use.