dYdX(DYDX) Sunset v3 starting

dYdX Trading will sunset v3 starting from October 28, 2024.

Users of dYdX Chain, http://dydx.trade, and the v4 API, are unaffected.

The Unlimited era is just beginning!

What does this mean for users?

This change only affects users of dYdX v3. Users of dYdX Chain, dydx.trade or the v4 API are unaffected by this change.

From now until October 28th, 2024, the exchange will operate as-normal. Trading will remain uninterrupted but we encourage users to make a plan for winding down positions and withdrawing their USDC from dYdX v3.

All trading, oracle-price updates, and funding payments are planned to halt on October 28th at 12:05 P.M. UTC.

Two days later, on October 30th, the Ethereum smart contract will register the L2 exchange as "frozen," meaning that the exchange will not be able to make any further balance updates, and that users can withdraw the full USDC value of their accounts, which includes the value of their open positions, which are valued at the oracle prices at the time when the trading halted. No trading fees, liquidation fees, or other fees are incurred to users during this time. However, users will incur gas fees when sending Ethereum transactions to withdraw their USDC from the smart contract.

As a reminder–dYdX Trading does not and will never custody your funds. The state of all accounts and all funds is stored on the Ethereum smart contract, thus the ability to withdraw USDC from the smart contract remains available without need for reliance on dYdX Trading or any other party.

dYdX Trading plans to host read-only historical data via API for at least 1 year after the shut-down date.

In the unanticipated case that liquidity on the exchange is ever insufficient for users to effectively trade, the date and time may be moved earlier.

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