The dYdX chain has stopped production following a planned network upgrade
Decentralized financial (deFi) protocol dYdX has announced that it is investigating a recent block production halt due to the chain's planned upgrade.
At 5:30 AM UTC on April 8, dYdX published a status report stating that the chain is proceeding with a planned protocol upgrade and that dYdX chain operations may be disrupted.
However, the chain did not stop production after the scheduled maintenance.
At the time of writing, blockchain explorer platform NodesGuru shows that the most recent blocks produced by the dYdX mainnet have been since the scheduled update, which was five hours ago.
DYdX also confirmed that the chain had a problem and said at 6:50 am UTC that the team was already fixing it. However, the group said the matter is still under investigation and may not be resolved until later. He wrote:
“The case continues to be investigated. Agreed to meet again with confirmations around 15:00 UTC. This means that when the chain restarts, the devs won't suggest a solution or fix until then so that the validators don't get stuck because they aren't online.
An amendment to the protocol was submitted on 21 February. It includes things like order book features, crash and security updates, and cosmos-related updates.
The disruption comes after a recent boom in DIDX when the community approved a stake of 20 million tokens.
On April 6, the DIDX community voted to allow $61 million of Treasury tokens to be deposited into a liquidity protocol called Stride.
DYdX highlighted that the move follows the development of transaction activity in the protocol. “DYDX's payouts to verifiers have increased and deposits to the exchange are growing rapidly,” he wrote.
Related: dYdX founder v3 blames central units for ‘targeted attack', includes FBI
The DIDX chain suffered a targeted attack in November 2023, resulting in a loss of $9 million.
On January 3, the protocol said it had already identified the attacker and was considering legal action. It also said it has upgraded its trading platform to increase monitoring and alerts.
Magazine: SBF Sentenced to 25 Years in Prison, Fidelity Eyes ETH, and Coinbase Court Defeat: Hodler's Digest
